Dongkuk CM Co., Ltd.
Climate Impact & Sustainability Data (2023-06-01 to 2023-12-31)
Reporting Period: 2023-06-01 to 2023-12-31
Environmental Metrics
Total Carbon Emissions:285,000 tCO2e/year (2023)
Scope 1 Emissions:115,000 tCO2e/year (2023)
Scope 2 Emissions:170,000 tCO2e/year (2023)
Renewable Energy Share:6.7% (2023)
Total Energy Consumption:6,152,534 GJ/year (2023)
Water Consumption:3,012,000 m3/year (2023)
Waste Generated:8,000 tons/year (2023)
Carbon Intensity:0.20 tCO2e/t (2023)
ESG Focus Areas
- Climate action
- Eco-friendly workplace
- Green products and services
- Labor and human rights
- Safe workplace
- Shared growth with customers and partner companies
- Transparent governance
- Ethical management, compliance management
- Stakeholder engagement
Environmental Achievements
- Reduced GHG emissions by 7.7% compared to 2018 baseline.
- Obtained ISO 50001 (energy management system) certification in 2023.
- Obtained EPD (Environmental Product Declaration) certifications in the US, Europe, and domestically in 2023.
Social Achievements
- Direct employment of 400 subcontractor employees in 2024.
- Achieved 'Zero Serious Accidents' in 2023.
- Won top prize at the Presentation on Best Practices of Safety and Health Win-Win Cooperative Activities among Large Enterprises and SMEs in 2023.
Governance Achievements
- Established a robust ESG management system.
- Implemented the DKCM Compliance Program.
- Improved BOD oversight with regular reporting of business performance and risk management.
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050.
Medium-term Goals:
- Achieve GHG emission reduction targets outlined in their roadmap.
- Transition to low-carbon materials and environmentally friendly facilities.
- Expand overseas network to eight bases in seven countries by 2030.
- Achieve KRW 2 trillion in pre-coated steel sales and 1 million tons of global production and sales capacity by 2030.
Short-term Goals:
- Reduce GHG emissions from fixed combustion facilities.
- Triple Luxteel+ sales by 2025.
Environmental Challenges
- Climate-related physical risks (e.g., typhoons), transition risks (e.g., stricter carbon emission regulations, transition to renewable energy), and supply chain ESG issues.
Mitigation Strategies
- Established a roadmap for reducing GHG emissions by 2050.
- Developed countermeasures for climate-related risks based on TCFD framework.
- Implementing specific tasks for cutting back on energy consumption.
- Considering plans to transition to low-carbon materials and environmentally friendly facilities.
- Conducting supply chain ESG assessments and due diligence.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct covering human rights, safety and health, environment, ethical and fair trade, quality management, shared growth, and social contribution.
Climate-Related Risks & Opportunities
Physical Risks
- Decrease in on-site production capacity due to typhoons
Transition Risks
- Increase in costs due to compliance with stricter carbon emission regulations
- Increase in costs stemming from the transition to renewable energy
- Increase in R&D costs for the development of green products
Opportunities
- Increase in sales from eco-friendly products
- Reduction in operational costs through the introduction of green energy sources
Reporting Standards
Frameworks Used: GRI Standards 2021, SASB Index, TCFD
Certifications: ISO 14001, ISO 50001, EPD
Third-party Assurance: Korea Management Registrar (KMR)
Sustainable Products & Innovation
- Re-born Green PCM (recycled waste PET paint)
- CELADON (laminated steel product)
- Digital Printing 2.0 (solvent-free)
Awards & Recognition
- Prize from the President of the National Institute of Chemical Safety
- Top prize at the Presentation on Best Practices of Safety and Health Win-Win Cooperative Activities among Large Enterprises and SMEs