Climate Change Data

Gaon Cable Co., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:9,413 tCO2e/year (Gunpo Plant)
Scope 1 Emissions:529 tCO2e/year (Gunpo Plant)
Scope 2 Emissions:8,884 tCO2e/year (Gunpo Plant)
Renewable Energy Share:0%
Total Energy Consumption:194 TJ/year (Gunpo Plant)
Water Consumption:48,039 m3/year (Gunpo Plant), 15,002 m3/year (Jeonju Plant)
Waste Generated:1,213 tons/year (Gunpo Plant), 692 tons/year (Jeonju Plant)
Carbon Intensity:0.63 tCO2e/billion won (Gunpo Plant)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced greenhouse gas emissions by 42% at Gunpo Plant (power)
  • Reduced energy consumption by 41% at Gunpo Plant (power)
  • Invested ₩845,087,808 in eco-friendly facilities at Gunpo Plant (power) and ₩172,430,800 at Jeonju Plant (telecom)
  • Achieved an 89% recycling rate for waste

Social Achievements

  • Zero industrial accidents
  • Held 4 labor-management council meetings (quarterly)
  • Provided financial support of ₩1,340 billion and non-financial support of ₩185 billion to partner companies
  • Strengthened external training for directors
  • Advanced the shareholder meeting announcement by 7 days (15 days → 22 days)

Governance Achievements

  • Established an ESG committee
  • Zero violations of laws and regulations
  • 100% completion rate of ethics training
  • 100% resolution rate of complaints

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero emissions by 2050
Medium-term Goals:
  • Achieve 80% recycling rate for waste
  • Reduce greenhouse gas emissions to 15,000 tCO2eq
Short-term Goals:
  • Reduce waste by 1153.21 tons at Gunpo Plant and 704 tons at Jeonju Plant
  • Increase recycling rate to 80%

Environmental Challenges

  • Supply chain disruptions
  • Climate change risks
  • ESG-related regulatory changes
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Established a 2050 Net Zero roadmap
  • Strengthened ESG management systems

Supply Chain Management

Supplier Audits: 5 partner companies and 4 subsidiaries

Responsible Procurement
  • Code of conduct
  • Supplier sustainability requirements
  • Fair trade practices

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: GRI Standards 2021, AA1000AP

Certifications: ISO 9001, ISO 14001, ISO 45001, TL 9000, KS Certification, Environmental labeling certification, CE Certification, CPR Certification, TUV SUD Certification, UL and cUL Certification, ETL Certification, AEIC Certification, KEMA Certification, Japan Type Approval, JIS Certification, TR CU Certification

Third-party Assurance: Korea Standards Association (KSA)

Sustainable Products & Innovation

  • Eco-friendly PP cable
  • Solar PV cable