LX Semicon Co., Ltd.
Climate Impact & Sustainability Data (2021, 2022, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced GHG emissions intensity from 0.0028 tCO2eq/(KRW million) in 2019 to 0.0019 in 2021
- Installed EV charging stations at Daejeon and Yangjae Campuses.
- Achieved ISO 14001 certification at Daejeon and Yangjae Campuses.
Social Achievements
- Launched a safety awareness campaign.
- Provided self-test kits for COVID-19 prevention.
- Implemented a company-wide healthcare system.
- Provided various employee benefits including housing loans, educational expenses support, and health care programs.
Governance Achievements
- Established an ESG management system.
- Held an ESG vision declaration ceremony.
- Appointed a CISO and established an Information Security Management System (ISMS).
- Established a compliance risk management system.
Climate Goals & Targets
- Carbon neutrality by 2050
- Not disclosed
- Not disclosed
Environmental Challenges
- Supply chain disruptions due to global economic uncertainty and the COVID-19 pandemic.
- Need to enhance ESG risk management in the supply chain.
- Need to improve data collection and reporting for ESG metrics.
Mitigation Strategies
- Developed alternative sourcing strategies and strengthened supplier relationships.
- Established a Supplier Code of Conduct and implemented ESG evaluations for suppliers.
- Improved data management systems and processes for more accurate and reliable reporting.
Supply Chain Management
Supplier Audits: ESG evaluations conducted for new and existing suppliers.
Responsible Procurement
- Supplier Code of Conduct based on RBA principles.
- Conflict mineral management in accordance with OECD Due Diligence Guidance.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards 2021, UN Global Compact (UNGC), AA1000AP
Certifications: ISO 14001
Third-party Assurance: DNV
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 8 (Decent work and economic growth)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
Initiatives contribute to these goals through various ESG management activities.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Obtained ISO 14001 (Environmental Management System) and ISO 50001 (Energy Management System) certifications.
- Expanded the scope of existing ISO 14001 and ISO 9001 certifications.
- Developed Low Power Solution technology.
Social Achievements
- Launched the Semicon Design Academy.
- Established diversity and inclusion policies.
- Implemented family-friendly policies such as childcare support and flexible work arrangements.
- Received the 'Family-Friendly Company' certification.
Governance Achievements
- Established an ESG committee under the board of directors.
- Obtained ISO 27001 (Information Security Management System) certification.
- Implemented a robust ethics and compliance program, including annual ethics pledges.
Climate Goals & Targets
- Carbon neutrality by 2050
- Not disclosed
- Not disclosed
Environmental Challenges
- Supply chain disruptions
- Climate change risks
- Information security threats
Mitigation Strategies
- Developed alternative sourcing strategies and implemented supplier ESG assessments.
- Established a carbon neutrality roadmap and detailed plan.
- Implemented a comprehensive information security management system (ISMS) and obtained ISO 27001 certification.
Supply Chain Management
Supplier Audits: 20 major suppliers audited in 2022
Responsible Procurement
- Supplier Code of Conduct, ESG assessments, conflict minerals policy
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards 2021, UNGC Ten Principles, SASB, TCFD, UN SDGs
Certifications: ISO 14001, ISO 9001, ISO 45001, ISO 27001
Third-party Assurance: BSI
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Low Power Solution technology
Awards & Recognition
- 2022 ESG Excellent Company Award (KCGS)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Human Rights
- Supply Chain Management
- Occupational Safety and Health
Environmental Achievements
- Installed a 100kW solar power system at the Daejeon Campus, expected to reduce electricity usage by about 10%
- Joined the K-RE100 initiative (2024)
- Renewed ISO 14001 (Environmental Management System) certification
- Obtained ISO 50001 (Energy Management System) certification
- Established and disclosed a 2050 net-zero roadmap
Social Achievements
- Established and disclosed a Human Rights Management Policy
- Conducted pilot due diligence and ESG consulting for 3 domestic suppliers
- Implemented various employee wellbeing initiatives, including flexible working hours, working from home, and childcare support
- Achieved 0% lost-time injuries for employees
- Increased average employee training hours to 42 hours per year
Governance Achievements
- Established an ESG Committee under the Board of Directors
- Held 6 Board of Directors meetings in 2023
- Strengthened Jeong-Do Management (ethical management) practices
- Implemented company-wide information security training
- Obtained ISO 27001 (Information Security Management System) certification
Climate Goals & Targets
- Achieve carbon neutrality by 2050
- Achieve carbon neutrality by 2050
- Further expand renewable energy purchases (PPAs) and certificate purchases (RECs)
Environmental Challenges
- Global economic downturn and intensified competition impacting 2023 performance
- Managing GHG emissions and meeting increasing stakeholder demands for climate action
- Managing ESG risks within the supply chain
- Ensuring occupational safety and health across all business sites
Mitigation Strategies
- Developed a 2050 net-zero roadmap and implementation plan
- Joined K-RE100 and introduced renewable energy sources
- Implemented supplier ESG assessments and pilot due diligence
- Strengthened safety and health management systems and obtained ISO 45001 certification
- Implemented various employee wellbeing initiatives and safety training programs
Supply Chain Management
Supplier Audits: 22 companies/year
Responsible Procurement
- Supplier Code of Conduct
- Conflict Minerals Reporting Template (CMRT)
Climate-Related Risks & Opportunities
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards 2021, UN Global Compact Ten Principles, SASB, TCFD, UN SDGs, ISSB IFRS S1
Certifications: ISO 14001, ISO 50001, ISO 45001, ISO 9001, ISO 27001
Third-party Assurance: BSI
Awards & Recognition
- 12th Intellectual Property Rights Award