PI Advanced Materials Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:85,349 tCO2e/year
Scope 1 Emissions:17,770 tCO2e/year
Scope 2 Emissions:67,581 tCO2e/year
Total Energy Consumption:1,450 TJ/year
Water Consumption:338,930 m3/year
Waste Generated:18,611 tons/year
Carbon Intensity:3.92 tCO2eq/KRW billion in 2023
ESG Focus Areas
- Climate Change
- Circular Economy
- Energy Efficiency
- Renewable Energy
- Health and Safety
- Risk Management
- Supply Chain Sustainability
- Stakeholder Engagement
- Ethical Management
- Corporate Governance
- Employee Well-being
- Product Responsibility
Environmental Achievements
- Achieved a DMF recycling rate of 97.3% in 2023.
- Reduced greenhouse gas emissions (Scope 1 and 2) from 104,865 tCO2eq in 2022 to 85,349 tCO2eq in 2023.
- Implemented energy conservation initiatives and facility investments to reduce carbon emissions.
- Upgraded facilities to reduce air pollutants.
Social Achievements
- Received the Family-Friendly Enterprise Certification in 2022.
- Reported zero industrial accidents in 2023.
- Implemented various employee well-being initiatives, including family care leave, parental leave, and childcare leave with 100% salary coverage.
- Engaged in community assistance projects, including donations to ChildFund and participation in Kimjang.
Governance Achievements
- Appointed three outside directors to ensure independent decision-making.
- Implemented a robust internal accounting management system.
- Received the Presidential Award for Exemplary Taxpayer in 2023.
- Received an Excellent Disclosure Award from the Korea Exchange for its commitment to accurate and timely disclosure.
Climate Goals & Targets
Environmental Challenges
- Did not meet performance targets in 2023 due to geopolitical risks and economic challenges.
- Supply chain disruptions due to geopolitical risks and trade conflicts.
- Uncertain business environment with trade conflicts and geopolitical risks.
Mitigation Strategies
- Promoting new business initiatives expected to bear fruit in coming years.
- Strengthening health and safety management systems and investing in workplace safety.
- Establishing systems that comply with domestic and international health and safety regulations.
- Preparing for supply chain crises through enhanced information security and material management.
- Diversifying supply chain and fostering strategic partnerships with high-performing suppliers.
Supply Chain Management
Supplier Audits: 34/year
Responsible Procurement
- Code of conduct for partner companies
- Green procurement guidelines
- ESG criteria implemented since December 2023
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards 2021
Certifications: ISO 14001, ISO 9001
Third-party Assurance: Korea Management Registrar (KMR), AA1000AS v3
Sustainable Products & Innovation
- Green PI varnish
- Soluble PI for CCUS applications
Awards & Recognition
- KCGS B+
- Sustainvest A
- $100 Million Export Tower Award
- Presidential Award for Exemplary Taxpayer
- Excellent Disclosure Award by the Korea Exchange