Climate Change Data

BGF Co., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:7,586 tCO2e/year (BGF Ecomaterials)
Scope 1 Emissions:47.1 tCO2e/year (BGF Ecomaterials)
Scope 2 Emissions:76.7 tCO2e/year (BGF Ecomaterials)
Renewable Energy Share:0% (BGF Ecomaterials)
Total Energy Consumption:57.1 GJ/year (BGF Ecomaterials)
Water Consumption:848.1 m3/year (BGF Ecomaterials)
Waste Generated:426 tons/year (BGF Ecomaterials)
Carbon Intensity:0.2 tCO2e/billion won (BGF Ecomaterials)

ESG Focus Areas

  • Climate Change
  • Resource Use and Environmental Impact
  • Supply Chain Management
  • Partner Growth and Symbiosis
  • Community Contribution
  • Human Rights
  • Occupational Health and Safety
  • Providing Healthy and Correct Food
  • Customer Value
  • Data Protection and Information Security

Environmental Achievements

  • Reduced waste by 13.2% in 2023 compared to 2022 (BGF Ecomaterials)
  • Achieved 37.9% waste recycling rate in 2023 (BGF Ecomaterials)
  • 15.1% carbon emission reduction through LCA evaluation of automotive fuel door parts (BGF Ecomaterials)
  • GRS certification obtained for some products using recycled materials (BGF Ecomaterials)
  • Conversion of diesel forklifts to electric forklifts (BGF Ecomaterials)
  • Replacement of general injection molding machines with low-power hybrid injection molding machines (BGF Ecomaterials)
  • Replacement of general burners with low-NOX burners (KNW)

Social Achievements

  • Launched BLP (BGF Leader Program) for core talent development
  • No reported human rights complaints in 2023
  • Maintained 100% safety incident rate in 2023 (BGF Ecomaterials)
  • Various employee wellbeing initiatives (BGF Ecomaterials)
  • CU brand expansion into Kazakhstan

Governance Achievements

  • Established ESG Management Committee
  • 100% attendance rate at board meetings in 2023
  • Implementation of electronic voting system
  • Revised ethics code in July 2022
  • No reported compliance incidents in 2023

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions (BGF)
Medium-term Goals:
  • Achieve 30% renewable energy (BGF Ecomaterials)
Short-term Goals:
  • Reduce water consumption (BGF Ecomaterials)
  • Reduce waste (BGF Ecomaterials)

Environmental Challenges

  • Supply chain disruptions
  • Climate change risks
  • ESG regulatory changes
Mitigation Strategies
  • Development of alternative sourcing strategies
  • Implementation of TCFD guidelines
  • ESG management committee and risk assessment processes

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2021, ISO 26000, UN SDGs, UNGC

Certifications: ISO 14001 (BGF Ecomaterials, KNW), IATF 16949 (BGF Ecomaterials), GRS (BGF Ecomaterials), OK Compost Industrial (BGF Ecosolution), BPI (BGF Ecosolution), CMA (BGF Ecosolution)

Sustainable Products & Innovation

  • Bioplastics
  • PCR plastics

Awards & Recognition

  • 28th Korea Distribution Awards Presidential Citation (BGF Retail)
  • iF Design Award (BGF Retail)
  • 2023 YouTube Works Awards (BGF Retail)
  • Korea Design Award (BGF Ecomaterials)