Climate Change Data

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