Climate Change Data

Ottogi Co., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:89,711 tCO2-eq/year
Scope 1 Emissions:43,505 tCO2-eq/year
Scope 2 Emissions:46,211 tCO2-eq/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:3,630.61 TJ/year
Water Consumption:1,292,211 tons/year
Waste Generated:29,661.33 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change Response
  • Supply Chain ESG Management
  • Sustainable Packaging
  • Human Rights Management
  • Food Safety and Quality Management
  • Ethics and Compliance Management

Environmental Achievements

  • Reduced GHG emissions by 4,544.80 tCO2-eq in 2023 (Ottogi separate basis)
  • Reduced energy consumption by 67.85 TJ in 2023
  • Achieved 81.90% waste recycling rate in 2023
  • Reduced plastic usage by 16 tons per year and carbon emissions by 40% through the use of CR-PET bottles
  • Reduced ink/organic solvent use by 1,600 tons per year and greenhouse gas emissions by 50% through the application of green FLEXO printing

Social Achievements

  • Launched Ottogi Friends, a subsidiary-type standard workplace for people with disabilities, employing 24 people with severe disabilities
  • Received the Minister Prize for the private enterprise sector at the 24th Human Rights Awards
  • Celebrated the 6,000th sponsorship of children with congenital heart disease
  • Maintained a 65% female employment rate and 23% female managers in 2023
  • Provided 1,640 days of vacation and KRW 145 million as vacation bonuses to 238 long-serving employees in 2023

Governance Achievements

  • Established a provision stating that material ESG issues should be designated as agenda items or reports to the BOD for sustainability management
  • Completed ethics and compliance training by 100% of employees
  • Implemented the Delivery Price Indexation System for entrustment and consignment transactions

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve a 30% female employment rate among managers by 2030
  • Increase the proportion of RSPO-certified palm oil to 30% by 2030
  • Achieve 20% of total agricultural products purchases through contract farming by 2030
Short-term Goals:
  • Increase the proportion of RSPO-certified palm oil to at least 5% by 2025
  • Increase the rate of contract farming for rice to 50% by 2025
  • Raise the proportion of animal welfare-certified eggs to 10% by 2025

Environmental Challenges

  • Climate change impacts on agriculture, water, and the environment
  • Water stress levels at some business locations
  • Supply chain risks related to climate change, forced labor, and occupational safety
  • Risks caused by food and food products incidents
  • Potential risks that may damage corporate reputation due to incorrect information
Mitigation Strategies
  • Promoting the use of eco-friendly raw materials, improving energy efficiency, and reducing greenhouse gas emissions
  • Reducing water consumption and improving wastewater quality
  • Conducting ESG assessments for suppliers and establishing a Code of Conduct
  • Operating a safety management system across the production process, including raw material quality
  • Operating and monitoring the information protection system and conducting training and education involving cyber security

Supply Chain Management

Supplier Audits: 48/year in 2023

Responsible Procurement
  • Human rights management policy
  • Annual evaluations for existing and new suppliers
  • ESG management consulting for suppliers
  • Code of Conduct for suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting production and distribution
Transition Risks
  • Increased environmental requirements from customers, investors, and governmental institutions
Opportunities
  • Development of energy-efficient products and sustainable raw material procurement

Reporting Standards

Frameworks Used: GRI Standards of 2021, SASB Standards for the Processed Foods sector

Certifications: ISO 14001, ISO 45001, MSC, ASC, RSPO

Third-party Assurance: DNV

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Jin Ramen Veggie
  • Hello Veggie products
  • Low Sugar Ketchup
  • Light Sugar Jam
  • Low-calorie Dressings
  • OZ Kitchen World Cuisine Sauce
  • Cup Noodle Maratang
  • Gapunhanki (Light Meal) products
  • Whole Wheat Burrito
  • Chicken Ham

Awards & Recognition

  • Sponsor Prize at the 2023 Korea Packaging Expo Awards
  • Top Prize at the 2023 Excellent Packaging Material and Structure Company Contest
  • Grand Prize in the Concept Category at the 28th Korea Best Design Awards