Potential offtaker

Amorepacific

www.apgroup.com

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Which other companies from South Korea are actively involved in decarbonization initiatives?
  • NAVER Corporation
  • Kia Corporation
  • HYUNDAI MOBIS Co.,Ltd.
  • SK Materials
  • BNK Financial Group Inc.
  • Kolon Industries, INC.
  • Amorepacific is a South Korean company that operates in the cosmetics sector. Founded in 1945, the company has grown to become one of the largest cosmetics companies in the world, with a presence in over 20 countries. Amorepacific is committed to sustainability and has made significant efforts to reduce its carbon footprint and transition to renewable energy sources.

    Decarbonisation is a key focus for Amorepacific, and the company has set ambitious targets to reduce its greenhouse gas emissions. In 2020, the company announced its goal to achieve carbon neutrality by 2030. To achieve this goal, Amorepacific has implemented a range of measures to reduce its carbon footprint, including energy efficiency improvements, the use of renewable energy, and the adoption of low-carbon technologies.

    Corporate energy is another important area of focus for Amorepacific. The company has implemented a range of measures to improve energy efficiency and reduce energy consumption across its operations. This includes the installation of energy-efficient lighting and HVAC systems, as well as the use of energy-efficient production processes. By improving its energy efficiency, Amorepacific is able to reduce its energy consumption and associated greenhouse gas emissions.

    Corporate power purchase agreements (PPAs) are an important tool for companies looking to transition to renewable energy sources. Amorepacific has signed several corporate PPAs to support its transition to renewable energy. In 2019, the company signed a 20-year PPA with Korea Electric Power Corporation (KEPCO) to purchase 40 MW of solar power from a solar farm in Jeju Island. This PPA will enable Amorepacific to source a significant portion of its electricity from renewable sources, reducing its reliance on fossil fuels and associated greenhouse gas emissions.

    Renewable energy is a key focus for Amorepacific, and the company has made significant investments in renewable energy projects. In addition to its corporate PPAs, Amorepacific has also invested in its own renewable energy projects. In 2019, the company completed the installation of a 1 MW solar power system at its Osan factory. This system is expected to generate approximately 1.2 GWh of electricity per year, reducing the company's reliance on fossil fuels and associated greenhouse gas emissions.

    Amorepacific's commitment to sustainability extends beyond its own operations. The company has also implemented a range of measures to promote sustainability across its supply chain. This includes working with suppliers to improve energy efficiency and reduce greenhouse gas emissions, as well as promoting sustainable sourcing practices.

    In addition to its sustainability efforts, Amorepacific is also committed to social responsibility. The company has implemented a range of initiatives to support local communities and promote social welfare. This includes the Amorepacific Happy Alliance program, which supports education and welfare projects in Korea and other countries.

    Overall, Amorepacific is a leading company in the cosmetics sector, with a strong commitment to sustainability and social responsibility. The company's focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy is helping to drive the transition to a low-carbon economy and promote sustainable development.

    ✓ Re100 member
    Shaping a Greener Future: Decarbonization in Manufacture of perfumes and toilet preparations

    Which companies in the industry of Manufacture of perfumes and toilet preparations have made significant pledges or efforts to address global warming?
  • Natura & Co Holding S.A.
  • Coty
  • Crystal Claire Cosmetics Inc.
  • ISDIN SA
  • Oriflame Cosmetics
  • L'Oréal