Climate Change Data

DRB Industrial Co., Ltd.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:12,810.25 tCO2eq/year
Scope 1 Emissions:6,398.01 tCO2e/year
Scope 2 Emissions:6,412.24 tCO2e/year
Renewable Energy Share:0%
Total Energy Consumption:258,651.19 GJ/year
Water Consumption:92,632 m3/year
Waste Generated:1,485.35 tons/year
Carbon Intensity:33.51 tCO2eq/KRW billion (2022)

ESG Focus Areas

  • Climate Change
  • Supply Chain Management
  • Ethics and Compliance
  • Health and Safety
  • Human Rights
  • Community Engagement

Environmental Achievements

  • Replaced outdated air dryers, reducing daily power use by 90.6% and saving roughly KRW 5 million in annual power expenditures.
  • Developed an energy-saving conveyor belt, lowering power consumption by 25.6% and receiving Green Technology certification.
  • Achieved an 85.6% waste recycling rate, exceeding the target of 85%.
  • Closed groundwater wells, increasing reused water proportion from 66.8% in 2019 to 73.4% in 2022.
  • Reduced toluene solvent usage through process improvements.

Social Achievements

  • Received Gold Medal in EcoVadis ESG evaluation in 2022.
  • Obtained health-friendly company certification for two consecutive years.
  • Acquired family-friendly company certification.
  • Awarded leisure friendliness company certification.
  • Implemented a maternity protection program, including 90-120 days of maternity leave and up to one year of parental leave.
  • Operated DRB Sangdam4u, a grievance resolution channel for human rights issues.
  • Provided human rights training to all employees.
  • Maintained a labor-management council and conducted annual collective bargaining.

Governance Achievements

  • Appointed extra non-executive directors and formed an audit committee and an ESG committee.
  • Adopted a policy to strengthen ESG management in 2023.
  • Developed a Corporate Governance Charter.
  • Separated the Chairperson of the Board of Directors and the CEO.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050.
Medium-term Goals:
  • Reduce greenhouse gas emissions by 20% by 2030.
  • Increase eco-friendly raw materials used by 35% by 2030.
  • Reduce hazardous chemical emissions by 80% by 2030.
Short-term Goals:
  • Set science-based targets (SBT) by 2023.

Environmental Challenges

  • Unpredictable business climate due to global inflation, economic slowdown, rising raw material prices, and the COVID-19 pandemic.
  • Supply chain disruptions due to COVID-19.
  • Rising raw material prices impacting pricing and delivery deadlines.
Mitigation Strategies
  • Developed alternative sourcing strategies.
  • Implemented a supply chain management channel (PSM) to ensure seamless procurement.
  • Prepared emergency response scenarios for various situations.

Supply Chain Management

Supplier Audits: 34 companies in 2022

Responsible Procurement
  • Code of Conduct for External Suppliers
  • Green Procurement Policy
  • Responsible Mineral Management

Climate-Related Risks & Opportunities

Physical Risks
  • Disasters such as earthquakes, fires
Transition Risks
  • Regulatory risks related to emissions; transition to business related to physical risks
Opportunities
  • Development of eco-friendly products and technologies.
  • Entry into new eco-friendly markets.

Reporting Standards

Frameworks Used: GRI Standards, TCFD, SASB, UNGC, UN SDGs

Certifications: ISO 14001, ISO 45001, ISO 9001

Third-party Assurance: BSI Group Korea

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 12
  • Goal 13
  • Goal 16
  • Goal 17

DRB Industrial's initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

  • Energy-saving conveyor belt

Awards & Recognition

  • Gold Medal in EcoVadis ESG evaluation (2022)
  • Commendation from the Minister of Health and Welfare (2022)