TYM Releases 'ESG Report 2022,' Highlighting key issues such as sustainable products, climate change response, and customer satisfaction
- Since declaring ESG management in 2021, this marks the third year.
- Emphasizes eco-friendly product development, partner collaboration, and expanded social contributions.
- ESG practices will be implemented at each site based on future report analysis for achieving long-term goals.
TYM kicks off management internalization for sustainable growth.
On the 19th, TYM announced the publication of its 'ESG Report 2022,' showcasing last year's ESG management achievements.
TYM annually releases ESG reports to communicate its sustainable growth and long-term vision across environmental, social, and corporate governance sectors. This year marks the third iteration since pioneering ESG management in the industry in 2021.
This report, based on the Global Reporting Initiative Standards, covers key issues including sustainable products, supply chain sustainability, climate change response, customer satisfaction, economic performance, consumer access, and product safety, outlining TYM's goals and actual activities.
Sustainable products encompass EV tractors, telematics, and autonomous driving systems. TYM established a long-term goal to expand the proportion of sustainable products to 50% last year. As such, TYM is actively advancing eco-friendly initiatives through the adoption of environmentally friendly components using hemp materials, eco-friendly transmission oil, and the introduction of eco-friendly plating methods, a first in the agricultural machinery industry.
Supply chain sustainability includes partner ESG support projects and mutual cooperation programs. TYM, in pursuit of healthy growth with partners, conducts ESG support projects in collaboration with the Shared Growth Committee. Additionally, TYM operates the Q-Academy program, sharing quality management infrastructure and expertise with key partners twice a year.
In terms of community contributions, relief aid support for the Turkish earthquake, agricultural machinery donations to Ukraine, and free tractor donations to domestic returning young farmers were carried out. TYM is dedicated to practicing various social contribution activities in global communities by reinvesting economic value into society.
The report also outlines TYM's ESG management activities, covering initiatives such as the establishment of carbon-neutral leading plants in response to climate change, as well as volunteer services for agricultural machinery maintenance and repair. The reporting period spans from January 1st to December 31st of the previous year and includes certain business activities from the first half of this year to provide timely information.
A TYM representative stated, “Based on the analysis of this report, we will confirm our achievements and long-term vision in line with value creation goals, and proceed with the internalization of ESG management and the execution of long-term goals at each facility. We will continue to share the value created by TYM through proactive and transparent communication.”