Cheil Worldwide
Climate Impact & Sustainability Data (2013, 2014, 2023)
Reporting Period: 2013
Environmental Metrics
Total Carbon Emissions:2316 tCO2e/year
Scope 1 Emissions:940 tCO2e/year
Scope 2 Emissions:1376 tCO2e/year
Water Consumption:610 m3/year
Waste Generated:4.36 tons/year
ESG Focus Areas
- Client Value
- Sharing Value
- Employee Value
- Environmental Value
- Mutual Growth Value
Environmental Achievements
- Reduced greenhouse gas emission by 2.1% compared to 2012
- Reduced water intake by 4.7% compared to 2012
- Saved KRW 85 million through energy efficiency
Social Achievements
- Launched various social contribution programs, including Love Bazaar, Broadcasting Academy, Love Design, and pro bono projects
- Increased volunteer participation rate to 85%
- Implemented employee wellbeing initiatives such as Sarang Sarang Committee, Stress Care Center, and i-Cheil Childcare Center
Governance Achievements
- Established a Sustainability Committee
- Implemented a compliance management system with a dedicated team and legal information portal
- Established a risk management system covering financial and non-financial risks
Climate Goals & Targets
Environmental Challenges
- Global economic instability
- Diversification of media and expansion of global marketing solution companies
- Addressing social issues and environmental concerns
Mitigation Strategies
- Providing systematic solutions and creative ideas
- Actively acquiring overseas companies to strengthen global capacity
- Implementing CSV strategies through GCSC, and engaging in various social contribution activities
Supply Chain Management
Responsible Procurement
- Business Rule on Supplier Management
- Knowledge Sharing Seminars
- Web Portal for Suppliers
- Electronic contract system
- Online order system
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI G3.1, ISO 26000
Third-party Assurance: DNV GL Business Assurance Korea Ltd.
Reporting Period: 2014
Environmental Metrics
Total Carbon Emissions:2120 tCO2e/year
Scope 1 Emissions:898 tCO2e/year
Scope 2 Emissions:1222 tCO2e/year
Total Energy Consumption:35.4 TJ/year
Water Consumption:25345 m3/year
Waste Generated:4.19 tons/year
ESG Focus Areas
- Client Value
- Sharing Value
- Employee Value
- Environmental Value
- Mutual Growth Value
Environmental Achievements
- Reduced GHG emissions from 2,316 tCO2e in 2013 to 2,120 tCO2e in 2014. Reduction of 154 tCO2e in Scope 2 and 42 tCO2e in Scope 1 in 2014 through conversion and reinforcement of equipment and other measures.
- Won a special prize in the CDP disclosure in October 2014 for excellence in target setting and management of GHG emissions.
- Selected as a Company of Excellence in Eco-Mileage in the 2nd Half of 2014 by the Seoul Metropolitan Government.
Social Achievements
- Launched the ‘Univoca’ (South Korean-North Korean translator) application to resolve language barriers for North Korean student defectors; won a Bronze at the Cannes Lions.
- Increased employee volunteer participation rate and hours significantly year-on-year.
- Improved return and retention rates for female employees after parental leave.
- Various social contribution programs including 'Look At Me' app for autistic children and 'Power Sleep' app donating idle smartphone CPUs for research.
Governance Achievements
- Included in the Dow Jones Sustainability Index (DJSI) Asia Pacific and DJSI Korea, the first advertising agency to be included.
- Established the Compensation Committee and Insider Trading Committee to enhance transparency in corporate management.
- Implemented a robust compliance management system with training and a legal portal system.
Climate Goals & Targets
Short-term Goals:
- Increase employee volunteer hours by 5%.
Environmental Challenges
- Prolonged economic downturn at home and abroad.
- Global uncertainties in the marketing environment.
- High number of abandoned dogs in Korea.
- Environmental impact of discarded analogue TVs.
- Global consumption and waste production.
Mitigation Strategies
- Developed wide-ranging advertisers in major global markets.
- Provided optimal solutions to clients amid global uncertainties.
- 'Adopt me' campaign to facilitate the adoption of abandoned dogs.
- 'TV Road' campaign to upcycle discarded TVs into eco-friendly paths.
- 'Reversible Barcode' campaign to offset environmental impact of purchases.
Supply Chain Management
Responsible Procurement
- Fair Trade Commission’s ‘Supplier Selection and Management Guideline’
- ‘Supplier Management Rules’
- ‘Web Portal for Suppliers’
- Guideline on Sustainable Management for Suppliers
- CSR Training for Suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI G4 (Core option)
Third-party Assurance: DNV GL
Awards & Recognition
- Special prize in the CDP disclosure
- Company of Excellence in Eco-Mileage
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1940 tCO2e/year
Scope 1 Emissions:775.153 tCO2e/year
Scope 2 Emissions:1157.438 tCO2e/year
Scope 3 Emissions:8.005 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:38 TJ/year
Water Consumption:23731 tons/year
Waste Generated:59 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Achieved an 'A' in the 'KCGS overall rating' for two consecutive years. Environment rating improved from B+ to A.
- Installed solar power generation facilities on the rooftop of the company building.
- Achieved three consecutive years of accident-free workplaces since 2021.
- Became the first in the advertising industry to obtain certification for the safety and health management system (ISO 45001:2018) in 2023.
Social Achievements
- Achieved an 'A+' in the 'KCGS overall rating' for Social for two consecutive years. Social rating improved from A to A+.
- Launched 'Green Cheil', an internal eco-friendly organizational culture campaign.
- Implemented a paperless office initiative, saving approximately 190,000 sheets of paper per year.
- Maintained a 20% telecommuting rate to improve work flexibility and reduce carbon emissions.
- Implemented AI-related training to enhance employee growth and work efficiency.
- Created branded goods in collaboration with local businesses, minimizing environmental impact and maximizing community impact.
- Introduced the ‘senior outside director system’ to enhance board independence and transparency.
- Live-streamed general meetings of shareholders online since 2022 and implemented an electronic voting system since 2021.
Governance Achievements
- Introduced the ‘senior outside director system’ for the first time to enhance the independence and transparency of the board of directors.
- Live-streamed general meetings of shareholders online since 2022.
- Implemented an electronic voting system since 2021.
Climate Goals & Targets
Long-term Goals:
- Achieve complete carbon neutrality by 2050.
Medium-term Goals:
- Reduce greenhouse gas emissions by 25% by 2030.
- Introduce 100% new/renewable energy in the medium to long term.
Short-term Goals:
- Reduce greenhouse gas emissions and energy usage by 2% annually.
Environmental Challenges
- Increased energy usage due to the end of the COVID-19 pandemic and a 32% increase in the average number of employees in the office compared to 2022.
- Higher greenhouse gas emissions due to increased energy usage.
Mitigation Strategies
- Developed and implemented a plan to reduce greenhouse gas emissions and energy usage through facility efficiency improvements (e.g., cleaning boilers, repairing pipe insulation, installing automatic doors, replacing air conditioners and lighting with LED).
- Installed solar power generation facilities.
- Implemented a lights-out policy, reduced elevator use, and encouraged the use of staircases.
- Adjusted indoor temperatures to save energy.
- Implemented a paperless workplace campaign and encouraged the use of tumblers.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Environmentally Friendly (ESG) Practices Agreement with 96 partner businesses.
- Preferential treatment for SMEs with outstanding ESG business practices.
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters (storms, floods, wildfires, high temperatures)
Transition Risks
- Increased costs of complying with stricter environmental standards.
Opportunities
- Cost savings from reducing energy use.
- Income growth from sustainability-focused marketing campaigns.
Reporting Standards
Frameworks Used: GRI Standards 2021, SASB’s Advertising & Marketing standard
Certifications: ISO 45001:2018
Third-party Assurance: British Standards Institution (BSI)
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Cultural Heritage Protection Corporate Award
- A rating from KCGS for two consecutive years