We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The Executive Director of Hanwha Energy, Jung Won-young, is the Vice President of the Sejong Chamber of Commerce and Industry of KCCI. (Sejong CCI website, last accessed April 2022)
Jung Won-young (정원영)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The Executive Director of Hanwha Energy, Jung Won-young, is the Vice President of the Sejong Chamber of Commerce and Industry of KCCI. (Sejong CCI website, last accessed April 2022)
Jung Won-young (정원영)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Shin Byung-chul, Overseas President of Hanwha Energy, holds a committee position in KoCham in Vietnam
Shin Byung-chul (신병철)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Shin Byung-chul, Overseas President of Hanwha Energy, holds a committee position in KoCham in Vietnam
Shin Byung-chul (신병철)
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview: Hanwha Energy appears to have very limited engagement with climate policy in South Korea. The company has supported the maintenance of high GHG emissions energy mix via advocating for LNG and hydrogen.
Top-line Messaging on Climate Policy: InfluenceMap has not found any evidence of clear top-line messaging on climate policy by Hanwha Energy.
Engagement with Climate-Related Regulations: InfluenceMap found limited evidence of Hanwha Energy’s engagement with climate-related regulations. Hanwha Energy has not presented a clear position on climate change regulations in South Korea. In January 2022, Hanwha Energy did not state if the company supported South Korea’s GHG emissions targets on its website.
Positioning on Energy Transition: Hanwha Energy has generally taken a negative position on the transition to a low-carbon energy mix. As reported by the Asia Business Daily in September 2021, Hanwha Energy strongly opposed the 2050 Carbon Neutrality Scenario, criticizing conventional power plants phase-out and rapid renewable energy transition plan due to energy security and stability. In its web-brochure, last accessed by InfluenceMap in April 2022, Hanwha Energy appeared to support a high GHG emissions energy mix, citing that LNG is ‘cleaner and safer than fossil fuels’ and it would be ‘a bridge fuel between solar and coal’, but with no clear reference to methane abatement and carbon capture and storage (CCS). In July 2020, Hanwha Energy supported the usage of by-product hydrogen on its website, but did not clearly mention the need for decarbonization of hydrogen production.In February 2022, Hanwha Energy took an unclear position on energy mix transition in South Korea and suggested government support for group energy companies at the meeting between the Minister of the Ministry of Environment (MoE) and industry representatives.
Industry Association Governance: Hanwha Energy has not provided a full transparent disclosure on its membership to industry associations and its indirect climate policy engagements in its corporate website.