Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved GHGs emission target (3.4% compared to BAU)
• Expanded EHS Committee activities
• Developed various eco-friendly products (bio-based spandex yarn, recycled polyester yarn, recycled nylon yarn, etc.)

Social Achievements

• Launched C-Cube activities to internalize customer-centric strategies
• Improved GBIS system for systematic VOC management
• Implemented 8-step quality inspection for construction projects
• Operated customized VOC management system
• Implemented Skill-up training program at Ulsan Plant
• Published VOC Letter to share best practices
• Joint participation at global trade fairs with client companies
• Implemented shared growth programs with suppliers
• Provided cash payment for outstanding suppliers
• Supported overseas training for suppliers
• Improved working environment for field workers
• Supported sales bond insurance for business agencies
• Implemented various programs for employees and their families
• Earned Family-friendly Management Certification
• Operated in-house daycare centers
• Implemented flexible working arrangements
• Implemented Refresh Day and Designated Holiday System
• Conducted employee opinion surveys
• Conducted Smile Expedition in Vietnam
• Supported overseas child sponsorship

Governance Achievements

• Strengthened board independence and transparency
• Established Board subcommittees for efficient operation
• Implemented Board evaluation and reward system
• Protected shareholder value through transparent communication
• Established a group-wide risk management system
• Implemented COVID-19 risk management strategies
• Established a sustainability risk management TFT
• Established an ethical management system
• Implemented a compliance program
• Conducted ethical management training
• Implemented internal monitoring and follow-up procedures
• Established information security regulations and operating standards
• Implemented document centralization system (ECM)
• Implemented personal data expiry system
• Conducted information security training

Climate Goals & Targets

Environmental Challenges

• Aggravated global business environment and COVID-19 pandemic
• Decreasing orders in power facility industry due to global economic slowdown and competition
• Difficult situation in construction industry due to government regulations
• Intensifying competition in the textile industry
• Growing trade barriers due to global trade protectionism
• Uncertainties in business environment due to trade protectionism and social/environmental threats

Mitigation Strategies

• Operated a TFT at the group level to address ESG improvements
• Improved risk system focusing on safety and health risks from COVID-19
• Implemented customer-centric management strategies
• Expanded overseas production bases
• Developed customer-tailored solutions
• Improved product quality through global standards and Smart Factory system
• Developed eco-friendly products and technologies
• Implemented shared growth programs with suppliers
• Established a group-wide risk management system
• Implemented COVID-19 risk management strategies
• Established a sustainability risk management TFT
• Implemented various safety and health activities

Supply Chain Management

Responsible Procurement

• Shared growth agreement with suppliers
• Fair trade guidelines
• Code of Ethics for Shared Growth Management
• Supplier ethical management practices for making contracts
• Supplier selection process
• Internal deliberation committee
• Written proof of subcontracting
• Fair business trade education
• Non-retaliation guidelines
• Supplier monitoring and production support
• Support for overseas training
• Improving working environment for suppliers
• ICT-QC support activities
• Cash payment monitoring
• Supporting shared growth of first & second-tier suppliers
• Supplier risk management
• Supplier communication
• Compliance program
• Code of Conduct for suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Third-party Assurance: Networks-Y

Sustainable Products & Innovation

• regenⓇ
• creoraⓇ eco-soft
• Bio-based spandex
• MIPANⓇ Regen
• creoraⓇ Regen
• Eco-friendly transformer
• 170kV eco-friendly GIS
• Lyocell Tire Cord
• Eco-friendly dip
• Bio-PET
• Steel cords made from scrap-steel
• Recycled floormat
• High-strength recycled polyester yarn
• TANSOMEⓇ
• POKETONE™

Awards & Recognition

• Best Organizational Communication Blog Award (2018)