Dongwha Group
Climate Impact & Sustainability Data (2010, 2023)
Reporting Period: 2010
Environmental Metrics
ESG Focus Areas
- Human Resources
- Ethical Management
- Environmental Sustainability
- Community Engagement
Environmental Achievements
- Developed energy foam that raised the temperature of emitted heat by 5.1 degrees Celsius, making laminate floors warmer.
- Developed water-resistant laminate flooring with eco-friendly coating, significantly boosting water resistance.
- Launched 'Ecorean campaign' promoting eco-friendly furniture and materials, with over 33,000 participants.
Social Achievements
- Launched 'Star of the Month Award' to recognize employee achievements and foster a culture of appreciation.
- Organized 'exciting dates' for employees to improve communication and camaraderie.
- Organized a 3-day, 2-night strategy review and leadership workshop for team leaders in Penang, Malaysia.
- Held a family trip to Mallipo Beach for employees and their families.
- Organized a 'Local Fruit Planting Program' at the Kulim plant in Malaysia to instill ownership in employees.
Governance Achievements
- Daesung Wood was recognized by the government for its strong labor-management relations.
- Dongwha signed a contract with Yellow Hat to dominate Korea’s auto accessory and service market, opening its first store in Gangnam.
Climate Goals & Targets
Medium-term Goals:
- Become the number one wood board manufacturer in Asia within 10 years.
Short-term Goals:
- 2013 sales target of 2 trillion won.
Environmental Challenges
- Global financial crisis impacting business performance.
- Competition in the wood board and interior materials markets.
Mitigation Strategies
- Expansion into overseas markets (Vietnam, Malaysia, Middle East).
- Investment in new technologies and product development (e.g., energy foam, water-resistant flooring).
- Strengthening partnerships with key suppliers and distributors.
- Focus on talent development and employee engagement.
Supply Chain Management
Responsible Procurement
- Use of eco-friendly materials.
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Eco-friendly particle boards (PB)
- Water-resistant laminate flooring
- Energy foam for warmer laminate floors
Awards & Recognition
- Daesung Wood recognized for strong labor-management relations.
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainability
- Innovation
- Environmental Responsibility
- Employee Well-being
- Social Contribution
- Governance
Environmental Achievements
- Development of eco-friendly materials and construction methods
- Development of E0 board and exterior MDF using tannin resins
- Development of Super E0 board with exclusive cylinder technology
- Obtained Finland's eco-friendly M1 certification for Dongwha Nature Flooring
- Development of SE0 eco-friendly flooring manufacturing technology
- Development of low-emission eco-friendly TEGO Film for Europe
Social Achievements
- Establishment of Dongwha Culture Village, a premium training facility
- Commitment to cultivating core talents and developing global leaders
- Contribution to enriching society by expanding presence in culture and contents
- Support and promotion of Korean culture, arts, and talents
Governance Achievements
- Acquisition of Hankookilbo and The Korea Times, upholding unbiased journalism
- Commitment to delivering reliable and balanced news in the digital era
- Expansion into lithium-ion battery materials through the acquisition of Panax Etec (now Dongwha Electrolyte)
Climate Goals & Targets
Environmental Challenges
- Numerous challenges and uncertainties in the global economic shifts
Mitigation Strategies
- Bold innovation and unwavering pioneering spirit
- Proactive and bold R&D investments
- Strategic expansion into global markets
- Commitment to sustainable growth
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Eco-friendly materials and construction methods
- E0 board
- Exterior MDF
- Super E0 board
- Eco-friendly flooring
- Low-emission TEGO Film