Climate Change Data

Daewoong Pharmaceutical Co., Ltd

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:54,814 tCO2eq/year (2022)
Scope 1 Emissions:14,528 tCO2eq/year (2022)
Scope 2 Emissions:40,286 tCO2eq/year (2022)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,156,894 GJ/year (2022)
Water Consumption:550,067 tons/year (2022)
Waste Generated:18,293 tons/year (2022)
Carbon Intensity:2.98 tCO2eq/100 million KRW (2022)

ESG Focus Areas

  • Research and Development and Innovation
  • Drug Safety and Quality Enhancement
  • Securing Talent and Improving Organizational Culture
  • Climate Change Response
  • Environmental Impact Minimization
  • Eco-friendly Products
  • Human Rights
  • Ethical Management in the Medical Industry
  • Sustainable Supply Chain Management
  • Workplace Safety and Health
  • Environmental Conservation around the Workplace
  • Environmental Resource Management
  • Stakeholder Communication and Disclosure Enhancement

Environmental Achievements

  • Reduced energy consumption costs by approximately 6.6 billion KRW from 2012 to 2022.
  • Achieved 100% LED lighting conversion in factories.
  • Reduced energy consumption by 5% year-on-year.
  • Reduced water usage by 26.50 ton/100 million KRW compared to 2021.
  • Improved water reuse rate by 6.53% in 2022.
  • Reduced CO2 emissions by 2.98 tCO2eq/100 million KRW in 2022.
  • Achieved 95% recycling rate for hazardous waste in 2022.
  • Reduced HPDE plastic emissions by 1.85 tons in 2022.

Social Achievements

  • Zero findings in the Korea Ministry of Food and Drug Safety's GCP inspections for product approvals and changes in 2022.
  • Achieved 100% compliance in submitting reports on time in 2022.
  • Won a silver award at the 2022 National Quality Control Circle Competition.
  • Implemented a job-based pay system in 2017.
  • Employee engagement increased for three consecutive years (2020-2022).
  • Received GPTW's Best Workplace certification in 2022.
  • Selected as the top family-friendly company in the pharmaceutical industry in 2022.
  • Donated 831 million KRW worth of medicines and health functional foods in 2022.
  • Consistently increased the recycling rate of hazardous waste for three consecutive years.

Governance Achievements

  • Acquired ISO 37001 certification for anti-corruption management system in 2018 and renewed in 2021.
  • Acquired ISO 27001 and ISO 27701 certifications for information security and personal information protection management systems in 2022.
  • Board attendance rate of 83.3% for inside directors and 81.3% for outside directors in 2022.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Securing talented professionals.
  • Climate change response.
  • Strengthening drug safety and quality.
  • Human rights.
  • Ethical management in the medical industry.
  • Sustainable supply chain management.
  • Workplace safety and health.
  • Environmental conservation around the workplace.
  • Environmental resource management.
  • Stakeholder communication and disclosure enhancement.
  • Eco-friendly drug production and packaging.
Mitigation Strategies
  • Continuous recruitment of new and experienced employees.
  • Implementation of a job-based pay system.
  • CDP system for diverse experience opportunities.
  • Establishment of an energy-saving TF.
  • Implementation of ISO 14001 certification.
  • Development of eco-friendly materials with partners.
  • Establishment of a drug surveillance system.
  • Implementation of a quality management system.
  • Establishment of human rights policies and guidelines.
  • Implementation of an anti-corruption management system (ISO 37001).
  • Establishment of a supplier risk management process.
  • Implementation of ISO 45001 certification.
  • Regular inspections and improvements of hazardous chemical handling facilities.
  • Implementation of a Green Supply Chain management system.
  • Development of eco-friendly drug materials.
  • Reduction of waste through removal of cushioning materials, simplification of containers, and removal of paper inserts.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Fair and transparent supplier selection process.
  • Regular audits to ensure quality and minimize risks.
  • Collaboration with suppliers on eco-friendly materials.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards 2021, SASB Standards, UN SDGs

Certifications: ISO 14001, ISO 45001, ISO 37001, ISO 27001, ISO 27701

Third-party Assurance: Korea Standards Association

UN Sustainable Development Goals

  • Goal 3: Good Health and Well-being
  • Goal 8: Decent Work and Economic Growth
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action
  • Goal 17: Partnerships for the Goals

Initiatives aligned with these goals are described throughout the report.

Sustainable Products & Innovation

  • Eco-friendly drug materials
  • Eco-friendly packaging

Awards & Recognition

  • 2022 GPTW Best Workplace
  • 2022 Top Family-Friendly Company
  • 2022 THE ESG Award
  • 2022 Korea PR Award
  • 2022 Social Contribution Company Award
  • 2022 Love Sharing Social Contribution Award
  • 2022 National Quality Control Circle Competition Silver Award

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:32,971 tCO2e/year (Scope 1+2)
Scope 1 Emissions:9,675 tCO2e/year
Scope 2 Emissions:23,296 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:723.8 TJ/year
Water Consumption:327,819 tons/year
Waste Generated:1,126 tons/year
Carbon Intensity:2.57 tCO2e/100 million KRW (2023)

ESG Focus Areas

  • Climate Change
  • Product Safety and Quality
  • Sustainable Supply Chain Management
  • Research and Development
  • Work-Life Balance
  • Workplace Safety and Health
  • Responsible Marketing and Customer Satisfaction
  • Ethical Management and Fair Trade
  • Human Rights and Labor-Management Communication

Environmental Achievements

  • Reduced HDPE plastic use by 1.680 tons through container simplification.
  • Achieved zero exceedances of hazardous substance exposure standards.
  • 100% LED lighting conversion in all factories.
  • Successful completion of Brazilian ANVISA audit with zero findings.

Social Achievements

  • Launched 'Happiness Festival' for employee communication.
  • Implemented industry-first job-based pay system.
  • Established Little Bear company daycare.
  • Achieved 90% return rate for parents on parental leave.
  • Won five awards related to being a great workplace (GPTW).

Governance Achievements

  • Established a group-level ESG committee.
  • Conducted a double materiality assessment.
  • Maintained ISO 27001 (Information Security Management System) and ISO 27701 (Privacy Information Management System) certifications.
  • Maintained ISO 37001 (Anti-bribery Management System) certification.
  • Maintained ISO 45001 (Occupational Health and Safety Management System) certification.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate change risks (physical and transition risks)
  • Supply chain disruptions
  • Increasing stakeholder demands for climate action
  • Strengthening environmental regulations
  • Potential for reputational damage due to insufficient climate action
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Established a climate change risk and opportunity management process
  • Implemented various energy-saving measures (e.g., high-efficiency equipment, renewable energy)
  • Developed waste reduction and recycling initiatives
  • Strengthened chemical management systems
  • Developed a comprehensive emergency response plan

Supply Chain Management

Supplier Audits: 323 supplier risk assessments in 2024

Responsible Procurement
  • Vendor Qualification
  • Quality Risk Assessment (QRA)
  • Quality agreements
  • PSCI principles

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (typhoons, heavy rain, heat waves)
Transition Risks
  • Regulatory changes
  • Market shifts towards sustainable products
Opportunities
  • Development of energy-efficient products and processes
  • Expansion into renewable energy sources

Reporting Standards

Frameworks Used: GRI Standards 2021, SASB, TCFD, UNGC, UN SDGs

Certifications: ISO 14001, ISO 45001, ISO 27001, ISO 27701, ISO 37001

Third-party Assurance: Korea Management Certification Institute (KMR)

UN Sustainable Development Goals

  • Goal 3: Good Health and Well-being
  • Goal 7: Affordable and Clean Energy
  • Goal 8: Decent Work and Economic Growth
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 10: Reduced Inequalities
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action
  • Goal 17: Partnerships for the Goals

Initiatives contributing to these goals are described throughout the report.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • 2023 대한민국 신약개발상 (Envlo)
  • 2023 GPTW 일하기 좋은 기업 5관왕
  • 2023 고용평등 공헌포상 산업포장