Environmental, Social, and Governance
PSM is committed to building effective, socially responsible, and environmentally sustainable corporate governance in all facets of our business. Our ESG statement reflects a commitment to improving how our business decisions and policies address opportunities for sustainability. As we develop our ESG policy, we expect all PSM employees and partners to uphold them. PSM will ensure our efforts are clearly defined and focused on expanding our sustainability efforts and update our ESG progress and accomplishments as they happen.
PSM is committed to developing and expanding our eco-friendly energy solutions technology to assist our customers worldwide in reducing their carbon footprint. We are dedicated to operating in an environmentally responsible manner to reduce our effect on climate change, preserve natural resources, and work in compliance with environmental regulations.
PSM is committed to being a socially responsible employer by fostering an environment of diversity and inclusion throughout our business, focusing on empowering women and minorities. We commit to operating ethically and supporting our local communities.
PSM is committed to fostering a system dedicated to ethical business behavior and responsible corporate practices. We make sure to follow ethical procedures, as we believe strong corporate governance is the foundation for building and delivering on our commitments.
Key ESG Activities
- Gas turbine retrofits and optimization for hydrogen and other clean fuels.
- Reduce greenhouse gas emissions through decarbonization & energy-efficient solutions.
- EHS certified - ISO 45001 & OSHA.
- Diversity, equity and inclusion through equal opportunity and prohibiting discrimination and violence.
- Provide our workforce with Compensation, benefits, professional development and community engagement.
- Business conduct to comply with intellectual property laws and prevent conflicts of interest.
- Risk management Code of ethics to reduce operational risks and provide customer data security.
- Provide vendor due diligence and responsible business practices.
PSM’s Support for the United Nations’ Sustainable Development Goals (SDGs)
PSM and our parent company Hanwha are firm supporters of the UN SDGs, particularly those we can directly address through our business, technology, and social impact activities. Our business activities cover the entire ESG spectrum, and PSM remains committed to working together to achieve a sustainable future for humankind.
Some of the ways PSM contributes to the SDGs include:
Health and welfare benefits are provided to all regular, full-time PSM employees. These benefits include, but are not limited to, medical, vision, and dental coverage. These benefits contribute to the goal of ensuring healthy lives and promoting well-being for all at all ages.
As a global full-service provider of gas turbines and a leading organization in hydrogen turbine technology, we provide our customers support to build resilient, utility-scale power. These capabilities also play a crucial role in supplying individuals and communities with efficient, reliable, and clean energy sources.
At PSM, we offer our employees the opportunity to enhance their skill sets and build cross-cultural capabilities through our global transfer program. We also provide specific learning competencies and skill development training that align with individual roles.
Together with our parent company, Hanwha, we are leading the decarbonization transition through dedicated and innovative technology across the globe. We collaborate to commission notable projects such as the world’s largest industrial hydrogen-fuel-cell power plant, located in South Korea –producing 50 MW of clean and reliable energy.
Our vision is to provide innovative clean energy solutions for future generations. This spirit is supported by our growing and diverse technology portfolio that allows our customers to improve efficiency, increase reliability and reduce their impact on the environment and climate change.
In collaboration with Hanwha, we are proud not only to help fight desertification in South Korea, China, and Mongolia through a partnership with Tree Planet but also to support clean energy community development projects. PSM’s Q-Cells have facilitated the transition of Jukdo Island in Korea to 100% self-sufficient solar energy.
PSM not only contributes to economic productivity by offering jobs that support the clean energy transition, but we are proud to partner with local organizations, such as The Learning Academy, that promote educational and professional growth for students on the autism spectrum.
We are dedicated to conducting an environmentally and socially impactful business in collaboration with our major partners, including Hanwha and Thomassen Group. These collective practices are showcased through our developments in solar and hydrogen energy.