Climate Change Data

LocknLock Co.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:22,123 tCO2e/year (Scope 2)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:22,123 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:462 TJ/year
Water Consumption:342,274 m3/year
Waste Generated:5,519 tons/year
Carbon Intensity:0.04 tCO2eq/KRW million (2021)

ESG Focus Areas

  • Climate Action
  • Responsible & Safe Management
  • Sound Governance

Environmental Achievements

  • Reduced GHG emissions (Scope 2) from 26,092 tCO2eq in 2019 to 22,123 tCO2eq in 2021
  • Reduced water consumption and intensity
  • Achieved 100% waste recycling rate
  • Collected 1,027 kg of old food containers (cumulative data from 2020)
  • Developed ECO Lock containers made from recycled polypropylene
  • Introduced eco-friendly single-use kitchen items with 25% of raw materials from sugarcane
  • Reduced disposable cup usage by 323,000 at the Seoul Headquarters

Social Achievements

  • Appointed the first female outside director in 2022
  • Established a labor union in 2021, achieving a 60% membership rate
  • Reached an agreement on 125 items in collective bargaining
  • Invested KRW 496 million in social contribution activities
  • Provided humanitarian assistance for war refugees in Ukraine (KRW 450 million worth of items)

Governance Achievements

  • Established an ESG Task Force
  • Established a Code of Conduct for Suppliers in 2022
  • Operates a Cyber Reporting Center for ethical concerns
  • Operates an Information Security Management System (ISMS)

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050
Medium-term Goals:
  • Increase renewable energy share to 30% by 2031
Short-term Goals:
  • Reduce water consumption
  • Reduce styrofoam usage by 50% by 2024
  • Expand eco-friendly products to 50% of total portfolio by 2027

Environmental Challenges

  • Supply chain disruptions due to the COVID-19 pandemic
  • Managing GHG emissions and achieving carbon neutrality
  • Reducing plastic waste
  • Ensuring responsible and transparent supply chain management
  • Maintaining information security and protecting personal data
Mitigation Strategies
  • Established company-wide carbon reduction goals and strategies
  • Developed green products and packaging materials
  • Expanded the use of renewable energy
  • Implemented energy-saving activities
  • Established a Code of Conduct for Suppliers
  • Implemented an Information Security Management System (ISMS)

Supply Chain Management

Supplier Audits: 45 suppliers conducted ESG assessments in 2022

Responsible Procurement
  • Code of Conduct for Suppliers
  • ESG management process for suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards (Core Option), UN SDGs, SASB Standards

Certifications: ISO 9001, ISO 14001, GMP (Good Manufacturing Practice)

Third-party Assurance: Korean Standards Association (KSA)

UN Sustainable Development Goals

  • Goal 3
  • Goal 5
  • Goal 7
  • Goal 8
  • Goal 12
  • Goal 13
  • Goal 16

LocknLock's initiatives contribute to these goals through various ESG activities.

Sustainable Products & Innovation

  • ECO Lock containers
  • Eco-friendly single-use kitchen items
  • Biodegradable plastic airtight containers (research stage)

Awards & Recognition

  • Numerous K-BPI awards
  • German Design Award
  • Red Dot Design Award
  • iF Design Award
  • KS-WEI awards