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Man of Many Becomes First Australian Publisher to Achieve 100% Carbon Neutral Status

SYDNEY, Sept. 28 (Korea Bizwire) — Australia’s Largest Men’s Lifestyle publication Man of Many — https://manofmany.com — has become the first dedicated digital publisher in the country to achieve a 100% carbon neutral certification under the Federal Government’s Climate Active standard. Man of Many achieved the certification by establishing a carbon offsetting strategy while further cementing its commitment to [...]

Carbon Neutral Goals Pose Heavy Cost Burden on Firms: Poll

SEOUL, March 22 (Korea Bizwire) — South Korea companies with huge carbon emissions have formulated ambitious goals to achieve carbon neutral operations, but are having difficulty implementing such goals primarily due to high costs, a business lobby group said. The Korea Chamber of Commerce and Industry (KCCI) conducted a survey of 346 local companies that [...]

Moon Encourages Private Firms to Go Carbon Neutral

SEOUL, Dec. 12 (Korea Bizwire) — President Moon Jae-in on Friday encouraged private firms to go carbon neutral, pledging the government will provide financial and regulatory support for their efforts to reduce greenhouse gas emissions. Moon made the remarks at a meeting on carbon neutrality with chief executives of some 40 big and medium-sized companies, [...]

JD.com Aims to Build China’s First Carbon-neutral Logistics Industrial Park in Xi’an

BEIJING, Dec. 10 (Korea Bizwire) – JD.com is making progress in its construction of the first carbon-neutral intelligent industrial park for China’s logistics industry, with the Xi’an Asia No.1 logistics park expected to be carbon-neutral on the operations level by early 2022. At nearly 300,000 square meters, JD’s Asia No.1 logistics park in Xi’an has deployed 100,000 [...]

Korean Air Introduces Carbon Neutral Jet Fuel

SEOUL, Sept. 7 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, is accelerating efforts to transform into an eco-friendly airline by introducing carbon neutral jet fuel for the first time among domestic airlines. The company announced on Monday that it had formed a tie-up with refiner SK Energy Co. for the introduction [...]

Cement Industry Beefs Up Eco-friendly Investment to Achieve Carbon Neutral Goal

SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s cement industry is increasing investment in eco-friendly areas, including the recycling of resources, to keep abreast with the global trend of pursuing carbon neutral policies. Sampyo Group, the parent of Sampyo Cement Co., announced on Monday that it will invest a total of 200 billion won (US$171 [...]

SK Energy to Release Carbon Neutral Oil Product

SEOUL, Aug. 18 (Korea Bizwire) — SK Energy Co., a major oil refinery and gas station operator, will become the first South Korean company to release carbon neutral oil product to achieve SK Group’s ‘Net Zero’ initiative, a part of the group’s environment, social and governance (ESG) management plan. Carbon neutral oil product is produced [...]

POSCO Buys 64,000 Tons of Carbon-neutral LNG to Fulfill ESG Vows

SEOUL, March 30 (Korea Bizwire) — South Korean steelmaker POSCO announced Monday that it had recently purchased approximately 64,000 tons of carbon-neutral liquified natural gas (LNG). Carbon-neutral LNG emits zero carbon by canceling all carbon dioxide emitted throughout all phases of production and supply of natural gas with carbon credits earned through forestry or other [...]

S. Korea to Increase Number of Eco-friendly Cars to 7.85 mln by 2030

SEOUL, Feb. 18 (Korea Bizwire) — South Korea said Thursday the accumulated number of eco-friendly cars running in the country will reach 7.85 million by 2030, in line with its vision to go fully carbon-neutral by 2050. The target will mark a sharp rise from 820,000 units tallied in the previous year, according to the [...]

Shares of Solar and Wind Power-related Companies Skyrocket Thanks to ‘Carbon-neutral’ Drive

SEOUL, Oct. 6 (Korea Bizwire) — Shares of solar and wind power companies in South Korea have more than doubled thus far this year, the local bourse operator said. The Korea Exchange announced that on the basis of closing prices on Sept. 29, the share prices of the 11 companies recommended by more than three securities [...]