Hanwha Vision has joined the United Nations Global Compact (UNGC), one of the world’s largest corporate sustainability initiatives.
The UNGC says it encourages companies to integrate 10 key principles – covering human rights, labour standards, environmental protection and anti-corruption – into their core operations and strategies.
With over 20,000 participants in 167 countries, the UNGC provides a framework for businesses to contribute to a more sustainable future.
“Joining the UNGC strengthens Hanwha Vision’s commitment to upholding the highest global standards for sustainable management,” said Soonhong Ahn, President and CEO of Hanwha Vision.
“We believe that our corporate activities, investments and solution development, aligned with the UN Sustainable Development Goals, can contribute meaningfully to the goals of the United Nations and the international community.”
Through its UNGC membership, Hanwha Vision reports it will strengthen its ESG (environmental, social and governance) efforts and embed the organisation’s 10 principles into its day-to-day business practices and corporate culture.
Additionally, Hanwha Vision will demonstrate its progress through annual communication on progress (CoP) reports, ensuring transparency and accountability to stakeholders.
Last year, Hanwha Vision published its sustainability report and has been actively communicating its ESG progress and future plans to external and internal stakeholders, including customers, employees and strategic partners.
By joining the UNGC, the company aims to become a leader in fostering a more sustainable video surveillance industry.
“As a global leader in the video surveillance industry, we applaud Hanwha Vision’s membership in the UNGC and believe it will have a valuable impact on fostering a more sustainable domestic and international video surveillance industry,” said Yeonchul Yoo, Executive Director of the UNGC Network Korea.
“We look forward to supporting Hanwha Vision as it accelerates its ESG journey.”
