Amorepacific has become the first Korean beauty company to join the global RE100 initiative with a goal to source 100 per cent renewable energy to power all of its production sites and offices by the year 2030. RE100 is a global collaborative initiative among companies committed to using 100 per cent renewable energy. The program was launched by the international non-profit organization, The Climate Group, in partnership with CDP, in 2014. As of March 2021, over 290 companies, including Google, Microsoft, and Apple, have joined the initiative.
Amorepacific began addressing environmental issues by setting its sustainable management goals in 1993. The company started voluntarily tracking its GHG emissions inventory in 2008 and has made continuous investments to begin its transition to renewable energy sources. To participate in climate action, it has improved energy efficiency for its buildings, reduced per-unit GHG intensity, and created an internal ‘Energy Innovation’ task force.
In 2020, Amorepacific sourced 5 per cent of its electricity from renewable sources, including solar power and geothermal heat. It plans to further add renewable energy generation facilities on the rooftop of its production plants and idle surfaces to increase renewable energy supply.
To achieve this goal Amorepacific will also utilize third party PPAs and green contracts operated by the Korean government. In February 2021, Amorepacific purchased the Green Premium policy, which will replace 30 per cent of the 2021 estimated power demand for its production center in Osan with renewable energy.