South Korea’s Amorepacific pledges 100% transition to renewable energy by 2030
Published 11 March 2021
Amorepacific became the first South Korean beauty company to commit to source 100 per cent renewable energy to power all of its production sites and offices by 2030 under the RE100 initiative, sending “a powerful message that renewable electricity makes good business sense”.
RE100 is a global initiative bringing together the world’s most influential businesses committed to 100 per cent renewable power. There have been 290 companies, including Google, Microsoft, Apple, joining the plan.
“We believe Amorepacific’s joining the RE100 will surely impact the consumer-facing businesses in Korea, which we hope leads to taking action,” said Ousam Jin, President of RE100 Committee of KSNRE, the RE100 Regional Delivery Partner in South Korea.
The company is the tenth largest cosmetic manufacturer in the world by revenue in 2020, with the ownership of more than 20 internationally recognized cosmetic brands such as Sulwhasoo, Laneige, Mamonde, Etude, and Innisfree.
After nearly 30 years addressing environmental issues by setting sustainable management goals, Amorepacific plans to further add renewable energy generation facilities on the rooftop of its production plants and idle surfaces to increase renewable energy supply.
Previously, it improved energy efficiency for its production centres in China and Korea via an internal “Energy Innovation” task force, reduced per-unit greenhouse gas (GHG) intensity, and improved energy efficiency for its buildings, which achieved 37.6% less energy consumption than its estimated energy demand using eco-friendly systems.
“By achieving the RE100 goal by 2030, we hope to contribute to international climate action,” said Suh Kyung-bae, Chairman and CEO of Amorepacific Group. “As a global corporate citizen, we will cooperate to reduce our carbon footprint.”
To achieve the energy goal, Amorepacific will develop more low-carbon footprint products using ingredients and packaging materials with lower GHG emissions based on LCA (Life Cycle Assessment) results. It will also utilise advanced technologies to manufacture products at lower temperatures, thus reducing the environmental impact in all of the development and production stages.
The Korean cosmetic manufacturer has started voluntarily tracking its GHG emissions inventory since 2008. In 2019, the company achieved a decrease by 7.4% in its GHG emissions.
“Amorepacific agrees that resolving the climate issue is an essential agenda not only for corporate sustainability but for the survival of humanity,” added Kyung-bae.