01. Ethical Management

  • Ethics Charter

    Hanwha Energy has established and proclaimed an Ethics Charter which will provide the standards for the conduct and values for its members. All the executives and employees of Hanwha Energy pledge that they will do their best to comply with this Ethics Charter.
    Faith and Fairness

    We will make faith and fairness as the first virtues of
    corporate management and comply with all the laws
    and social norms in all our social activities as well as
    economic activities. We will respect the order of the
    market economy and reject unfair trading.

    Use of Eco-friendly Products

    We will make every effort to preserve the ecology
    and environment through the use of environmentally
    safe and friendly products and the efficient use of
    resources and energies.

    Credibility and Loyalty

    For coexistence and coprosperity based on
    credibility and loyalty, we will faithfully cooperate
    with all stakeholders including customers,
    shareholders, competitors, and partners.

    Improvement of Enterprise Value

    We will draw a clear line between public and private
    matters, value the properties of our company,
    and strive to raise our enterprise value.

    Fair Trade

    Through sound wealth and enterprise value
    that have been created through fair trade,
    we will contribute to the enhancement of welfare,
    education, culture and employment in communities.

    Ethical Values

    We will respect all employees as entities with free
    will, create a comfortable work environment,
    and form an atmosphere in which we can grow as
    corporate citizens with the right ethical conduct.

  • Code of Conduct

    To reinforce ethical practices, we have established Hanwha Energy Guidelines to Code of Ethics and abide by them as the principles for our ethical decision making and practices.
    Respect and Trust

    We always respect the opinions of our customers
    and do our best to win and retain customers??
    trust based on creditability and loyalty.

    Management of Corporate Money

    We will not use corporate money or valuables
    for private purposes.

    Fair Competition

    We observe all applicable laws in our business
    activities, respect business practices,
    and pursue fair competition.

    Fair Work

    The provision or receipt of loans, personal credit
    guarantee and gifts between employees
    is prohibited in principle.

    Fair Trade

    We maintain mutual trust and cooperative
    relationships with our partners through
    transparent fair trade and pursue mutual growth.

    Mutual Respect

    We will not discriminate between our employees
    on account of their academic background,
    religion, sex or native place. We will do our
    utmost to establish a sound work life through
    mutual respect.

    Prohibition of Abuse of Authority

    We will not engage in improper practices to our
    partners using our superior status, nor receive
    money and valuables, treats, entertainment, or
    other free services from partners.

    Volunteer Services

    We will actively participate in volunteer community
    services for the disadvantaged around us and
    neighbors in need.


    We will not reveal any internal secrets, incidents,
    rumors or other confidential information about our
    company or any information of our customers,
    suppliers, competitors, etc. to unauthorized third
    parties (including via e-mail, SMS, etc.).

    Accident Prevention

    We will do our best to prevent accidents,
    through meticulous safety checks and
    management while striving to preserve our environment.

  • Ethics Hotline

    Any interested parties including the employees, partners and customers of can make suggestions about the improvement of the fair trade system and consult or report about the unfair conduct of our employees or partners.

    Your report shall be kept confidential, however anonymous reports are not entertained.
    We will check the facts about the reports and take measures in accordance with applicable laws and regulations as soon as possible,
    and reply to informants about the results in a way that they want.

    1. Content of Consultation
    and Report
    • Obligations of principal contractor(no payment of subcontract money, no issuance of documents, no notification of inspection result, etc.)
    • Prohibited items of principal contractor(unreasonable rejection of receipt, unreasonable reduction of subcontract money, unreasonable intervention in management, etc.)
    • Violations of the Fair Trade Act such as cartel(price-fixing), unlawful internal trading and abuse of market dominant status
    • Other suggestions and reports about fair trade, subcontract and win-win partnerships
    2. Protection of Informants
    • The identities of the internal and external informants will be thoroughly protected and the informants shall not suffer any disadvantages due to the content of their report.
    3. Fair Trade Counseling
    • Tel: +82-44-850-3421
    • Fax: +82-44-850-3429
    • E-mail: airsupply78@hanwha.com
    • Executive Office of Fair Trade Voluntary Compliance , Hanwha Energy Corporation, 411,
      Hannuri-daero, Sejong-si, Republic of Korea

02. Environment, Safety and Health

  • Vision of Hanwha Energy

    From preserving the environment and protecting people??s health, to keeping nature green for the enjoyment of future generations, to carrying out voluntary,future-oriented activities, Hanwha Energy is challenging the paradigms of tomorrowwhile keeping our promises today.
    ECO-YHES Emblem
    ECO-YHES consists of the Y in "yes" and HES representing "health,
    environment and safety." Designed in the shape of a forest
    (symbolizing the environment), ECO-YHES is an over arching value
    pursued by the Hanwha Group to fulfill its social responsibilities
    and to achieve sustainable growth.
    ECO-YHES Prioritizes environment, safety and health
    As the first in Korea, Hanwha Group began implementing "ECO-2000" program, the group-level
    environment & safety activities, in 1991. In 2000, Hanwha Group selected environment,
    safety and health as its major management mandate and subsequently announced "ECO-YHES,"
    as the group-level environment, safety and health policy. .

    Based on ECO-YHES, Hanwha Energy has established and is currently implementing mid- to long-term
    improvement goals.
    Environment, Safety and Health Policy
    To fulfill its social responsibilities and to achieve sustainable growth, Hanwha Energy has acknowledged
    the environment, safety and health as being part of the company's core values and therefore will exert
    its utmost efforts as follows, to achieve its growth into a leader of the energy industry.
    • To promote pollution prevention and continuous environmental improvement in all stages of
      corporate management in order to provide eco-friendly energy and services.
    • To increase safety and health by scientifically preventing potential elements of risk and pursuing continuous
      improvement, thereby creating a pleasant work environment.
    • To recognize and strictly observe all environment, safety and health-related laws and stakeholder requirements
      and to continuously improve management standards.
    • To strive for efficient use and preservation of resources and energy through the fundamental control of
      all resources and energy required in all processes of corporate management.

    ECO-YHES Guideline

    • Compliance with Legal Requirements: We will not only comply with the regulations on environment, safety and health of the national and local governments, but also establish and observe stricter internal standards. We will also take proactive measures towards various international regulations so as to voluntarily fulfill our corporate social responsibility.
    • Settlement of the Line Responsibility System: We are responsible for carrying out environment, safety and health regulations. The primary responsibility is on individuals and the management responsibility is on the corresponding Management Line. Therefore, the managers shall clearly define the roles and responsibilities by systematizing the organization and operating system. The performance shall be reflected in the individual and organizational assessment based on objective assessment methods and criteria.
    • Establishment of Emergency Response System: We will clearly define our response procedures to all possible environmental, safety, and health-related accidents and emergencies. We will minimize the effects of emergencies through continuous regular emergency trainings and make an effort to build pleasant, safe local communities by actively cooperating with the communities.
    • Establishment of Environment Management System: We will broaden our perspective from one-dimensional thoughts such as cost control and response to the environmental regulations, and integrate our environmental management system into every aspect of our corporate management. Furthermore, we will establish and operate organized and effective audit procedures to enhance the environmental standards.
    • Eco-friendly Production and Services: We will review the environmental impact in every aspect of our management activities in advance, including development, design, purchasing, production, sales, use, and disposal to provide eco-friendly products and services in consideration of the possible problems and their solutions.
    • Preservation of Global Environment and Prevention of Pollution: We will minimize emitting environmental pollutants through the reduction and effective treatment of pollutants from the entire business activities.
    • Resource and Energy Source Management: We will evaluate the appropriateness of all the physical resources applied to the entire processes of our business activities and practice the recovery, reuse, and recycling of resources for efficient energy use and reduction of energy consumption.
    • Eradication of Serious Accidents: Injuries and property losses should clearly be reported regardless of how serious they are, and the analysis of the causes and preventive measures should be carried out.
    • Reinforcement of Preventive Safety Activities: We will detect and evaluate any hazards in our work places through regular inspections and trainings, and remove them or improve safety facilities to prevent injuries or property damages.
    • Enhancement of the Safety Level of Partners: For the safety management of partners, we will disseminate our safety management system, and instruct and support our partners on safety improvement to maintain mutually beneficial partnerships. With this purpose, we will build a partner safety management system that can be operated properly and effectively according to business category and size.
    • Products and Services Safety: We will build a system to secure the safety and health of customers and communities who use our products and services, and make an effort to improve safety through continuous research and development.
    • Maintenance of Comfortable Work Environment: To create a healthy, efficient work environment, we will continuously improve our work facilities and carry out organized health management for individual workers.
    • Occupational Diseases Prevention: We will build a rational management system to prevent occupational diseases and all workers must actively participate in this system. When any work-related injuries or occupational diseases are identified, the jobs of workers must be adjusted and rationally operated.
    • Health Improvement Programs: We will operate systematic programs to improve the health of workers and prevent the manpower losses of the company through preemptive and follow-up management.
  • Basic Safety Rules

    Hanwha Energy  puts the highest priority on the safety of our employees and partners who work in our facilities. We have established 11 basic safety rules and thoroughly comply with them.
    Compliance with Safety Rules

    Comply with safety rules and work procedures.

    Inspection of Closed Spaces

    Measure the oxygen and gas concentrations
    before working in closed spaces.

    Management of Protective Gears

    Wear specified protective gears and manage
    them thoroughly.

    Inspection of Work in Elevated Places

    Install safety facilities and connect belts for
    working in elevated places.

    Issuance of Work Permits

    Prohibit work before issuance of work permit
    and place the work permit at the site.

    Blocking of Dangerous Materials

    Block the power supply and remove dangerous
    materials before starting work.

    Prohibition of Single Person Work

    Work by single person is prohibited.

    Prohibition of Unauthorized Access

    Prohibit unauthorized access to danger-marked

    Inspection for Electrical Work

    Always perform voltage detection and
    grounding before electricity work.

    Prohibition of Smoking

    Strictly prohibit smoking except in
    the specified areas.

    Prohibition of Arbitrary Operation

    It is prohibited to arbitrarily remove danger tags
    or operate the equipment.

  • Public Info

    Hanwha Energy, we are continuously seeking to strengthen our competitiveness and harmonize with safety, environment and health.
    Goals of Safety and Health
    • Achieved PSM P grade in 2020
    • Safety and Environment accident Zero
    • LTIR(Lost Time Injury Rate)
    • Uninjury record
    How we make
    • Hanwha Energy established HEARs, its own safety, environment, and health system,
      to establish a continuous accident-free and accident-free management system for all business sites.
    • HEARs-M

      • Observe basic safety rules
      • Self-inspection of Safety and Environment
      • Conduct of emergency drill
      • Operation of Health Promotion programs


      • Operation of Safety Education programs
      • Operation of Safety Culture Settlement programs
    • In addition, we strive to raise awareness about safety and establish a safety culture in the workplace
      by sharing cases of safety accidents and the operation status of HEARs at each factory every month
      through the holding of the Safety and Environment Committee.
    Goal of National Greenhouse Gas Reduction
    • Total Emissions of Greenhouse Gas by 2030 5.36 billion tons (37% reduction compared to BAU in 2030)
    How we make
    • Hanwha Energy is leading the elevating Energy efficiency, reducing Greenhouse gas emissions through operating
      cogeneration facilities which have high efficiency to produce heat and electricity to meet national emission goal.

      In addition, We do our best to reduce CO2 by using Biomass fuel, operating Solar power plants and also doing
      Clean Development Mechanism which certify reducing amount of CO2.
    • Cogeneration is a structure that produces heat and electricity at the same time as compared
      to general power generation.
      The energy use efficiency is more than 30%, which saves more energy than the individual supply method.
      As a result, the energy saving is 15.8% compared to individual supply methods.
    [Pic.] Comparison between General generation and Cogeneration Efficiency Graph

    [Pic.] Comparison between General generation and Cogeneration Efficiency

    [General generation]
    Energy efficiency 49.9%
    Electricity??49.9%, Fuel Energy(100%), Loss??50.1%
    Energy efficiency 80.7%
    Electricity??42.1%, Heat??38.6%, Fuel Energy(100%), Loss??19.3%

    [Department of Industry_ 4th Plan of CHP Energy distribution]

    • Hanwha Energy has a duty to follow emission trading system in accordance with the Law on Allocation
      and Trading of Greenhouse Gas Emissions.
      So we are trying to achieve the national greenhouse gas reduction target through systematic greenhouse gas
      management, and also we are making every effort to be a company that contributes
      to the national green growth policy.

      To this end, we have continued to invest in renewable energy businesses and solar power plants
      which are under construction and in operation are in all over the world like Japan, USA, Australia, Europe.

      In addition, We built the world's first and largest 50MW hydrogen fuel cell power plant
      in Daesan Industrial Complex.

03. Growing Together

Hanwha Energy  has various partner support programs to promote mutual growth with our partners so as to enhance our competitiveness and practice win-win management under
                    the motto
Partner Support Programs
Financial Support
  • We have formed and operate the win-win fund to
    provide loans at low interests to our partners.
Technical Support & Quality Improvement
  • Provide guidance at partner sites when quality
    problems occur.
  • Provide technical support through quality meetings.
Better Payment Conditions
  • Cash payment and shorter term of bills.
  • Early payment of funds for national holidays.
Support for manpower education and training
  • Provide online/offline training to improve the job
    abilities of partner employees.
  • Carry out support programs.
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04. Complance Manangement

We established an ethics charter that will be our guide for the values to uphold and the conduct we are accountable for, as employees.
All of us at Hanwha Energy do our best to comply with the ethics charter in all of our activities

Doing the Right Thing
Ethics Charter

Ethics Charter

  • Faith and fairness
  • Fair trade
  • Improving corporate value
  • Trust and loyalty
  • Use of eco-friendly products
  • Ethical values

Compliance management begins with taking all the necessary steps to implement the right systems and following the established guidelines to ensure corporate ethics at all levels: personal, professional, and corporate, without compromise. At a macro level, it requires adherence to every national and international standard to fulfill not only economic and legal responsibilities, but also ethical ones-be it written or unwritten, as a fundamental obligation. And as professionals and individuals, we know what is right and wrong and we choose to do what is right. We have built a comprehensive system to ensure that our business operates in full accordance with global standards. We have also developed and implemented a suite of compliance management initiatives that

focuses on driving the satisfaction of our customers, shareholders and employees while building equity and synergy with our partner companies. In April of 2020, Hanwha Energy introduced an outside director system and established an Internal Transaction Committee, the first among unlisted companies affiliated with Hanwha (excluding financial companies). By building a transparent structure and implementing a robust compliance management system that adheres to global standards, we're on a fast trajectory to become a leading global energy company. Our Internal Transaction Committee has oversight across all of our affiliates' internal transactions, to prevent unfair transactions and the decisions are ultimately made by our own Hanwha Energy directors.