Hanwha Ocean Co Ltd

Common Name
Hanwha Ocean
Country
South Korea
Sector
Industrials
Industry
Aerospace & Defense
Employees
8,276
Ticker
042660
Exchange
KOREA EXCHANGE
Description
Hanwha Ocean Co. Ltd. is a prominent player in the shipbuilding and offshore engineering industries, primarily engaged in the design, construction, and maintenance of a wide array of maritime vessels ...

Hanwha Ocean Waste Data Preview

In 2023, Hanwha Ocean conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2024202320222021 - 2017
Total Waste Generated
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Total Waste Recovered
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Total Hazardous Waste Generated
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Non-Hazardous Waste Disposed
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This table provides a simplified preview of selected waste data points. To access the complete dataset with full disclosures and structure, create a free account to purchase the full dataset.

Insights into Hanwha Ocean's Waste Treatment Practices

In 2023, Hanwha Ocean generated a total of 41,493 metric tonnes of waste.

Of this amount, 60.96% of Hanwha Ocean's total waste generated was recovered through methods such as recycling, reuse, or composting, while 37.2% was disposed of through landfilling, incineration, or combustion. The remaining 1.84% was either treated using unspecified methods or not clearly categorized.

Hanwha Ocean's Waste Recovery Rate

61%

How much of Hanwha Ocean's waste is recycled or recovered?

In 2023, Hanwha Ocean reported a total waste generation of 41,493 metric tonnes, of which 60.96% was recovered through recycling, reuse, or composting. This moderate level of recovery indicates that Hanwha Ocean is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.

Has Hanwha Ocean reduced its environmental waste footprint over time?

Since 2020, Hanwha Ocean's total waste generation decreased by 17.96%, yet rose by 14.42% in 2023, potentially indicating a temporary operational shift or inconsistency in waste management outcomes.

Over the same period, Hanwha Ocean's waste recovery rate increased by 12.62%, including a 3.5% rise in 2023, indicating growing emphasis on circularity and improved operational practices for diverting waste from disposal.

Overall, Hanwha Ocean has reduced its waste footprint over time and continues to strengthen its recovery efforts, despite a recent uptick in waste output. This may reflect short-term operational shifts rather than a long-term reversal.

Hanwha Ocean’s Waste Recovery vs. Disposal Over Time

2020202120222023015 k30 k45 k60 ktonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into Hanwha Ocean’s Generation of Hazardous and Non-Hazardous Waste

In 2023, Hanwha Ocean generated a total of 41,493 metric tonnes of waste.

Of this amount, 9.18% of Hanwha Ocean's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 90.82% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.

Hanwha Ocean’s Hazardous vs Non-Hazardous Waste Over Time

2020202120222023015 k30 k45 k60 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Hanwha Ocean reduced the environmental impact of its waste?

Since 2020, Hanwha Ocean's total waste generation fell by 17.96%, but rose by 14.42% in 2023 , potentially reflecting a temporary surge in activity or inconsistency in waste control strategies.

Over the same period, the share of hazardous waste in Hanwha Ocean's total output increased by 13.41%, including a further 13.99% rise in 2023, suggesting a troubling upward shift toward more environmentally harmful waste streams that could raise compliance costs and environmental risks.

Overall, Hanwha Ocean had previously reduced its waste generation, but recent increases in both volume and hazardousness suggest potential reversals or emerging operational risks that warrant further investigation.

How does Hanwha Ocean treat its hazardous waste?

In 2023, Hanwha Ocean reported that 3,807 metric tonnes of its total waste output were classified as hazardous. This represents 9.18% of its overall waste generation.

The company treated this hazardous waste using a combination of methods. A majority (59.73%) was diverted from disposal through recovery-oriented treatments such as recycling or reuse. This suggests that Hanwha Ocean has established processes to reduce the environmental burden of its most harmful waste streams.

Breakdown of Hanwha Ocean's Hazardous and Non-Hazardous Waste by Treatment Method

Hazardous WasteRecovered(5.6%)Non-Hazardous WasteDisposed(34.1%)Non-Hazardous WasteRecovered(56.5%)
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