Sustainable Manufacturing at Hanwha Vision Strengthens ESG Initiatives.
Environmental, social, and corporate governance (ESG) concerns are increasingly affecting customer perceptions of brands, influencing their propensity to invest and stay loyal. According to PwC, more than 60% of consumers make purchasing decisions based on a brand’s sustainability and ethics.This percentage rises by 10% annually.
Tight ESG rules provide several financial benefits and necessitate a complete strategy for the entire organisation. Every decision, particularly in the areas of security and video technologies, must consider society and the environment.
Choosing the Right Vendors
Hanwha Vision uses sustainable manufacturing to promote ESG. Supplier and supply network decisions have a significant impact on a company’s ESG performance. Unlike producers that just rename products manufactured elsewhere, Hanwha Vision supervises the entire design and production process, ensuring supply chain stability and quality consistency.
Sustainable In-House Manufacturing
Hanwha Vision’s Vietnam-based smart factory manages all manufacturing settings and equipment efficiently. Solar panels generate sustainable electricity while minimising energy use. The company prioritises green purchasing, choosing materials that are easily disassembled and recycled. Device authentication is included in each product to ensure cybersecurity.
According to the company’s sustainability report, energy consumption will decrease while renewable energy use will increase between 2021 and 2022. Water usage, wastewater generation, and air pollution emissions have all decreased.
Global Initiatives
The primary company, Hanwha Group, collaborates with the World Economic Forum’s Centre for Nature and Climate. It takes part in the First Movers Coalition, Circular Transformation of Industries, and 1t.org projects, which aim to decarbonise heavy-emitting sectors, create a circular economy, and plant a trillion trees by 2030.
Continuous Environmental Gains
Hanwha Vision’s commitment to ESG also extends to its customers, who benefit from innovative environmental solutions. Edge AI, low-light technology, and energy-efficient SolidEDGE cameras are among the most recent innovations.
Cybersecurity and Compliance
A robust cybersecurity strategy is critical for ESG reporting. Hanwha Vision’s products are certified and compliant with standards such as UL CAP and the US National Defense Authorization Act (NDAA). The company is prepared for the upcoming NIS2 legislation and the EU’s Cyber Resilience Act (CRA), ensuring products remain cyber-secure even at the end of their lifecycle.
Future of ESG in Security
As climate change and AI heighten scrutiny on environmental and social practices, the security industry’s ESG efforts will face increasing examination. Companies must gather information on their supply chain’s ESG efforts to demonstrate their positive impact on society and the world.