Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Established greenhouse gas inventory. Total greenhouse gas emissions for 2023: 24,797 tCO2eq (Scope 1 & 2)
• Net-zero by 2050 strategy established
• ISO 14001 (Environmental Management System) Certification for a total of 5 establishments as of 2023

Social Achievements

• Joined UNGC (UN Global Compact) (in January 2024)
• IATF 16949 (Quality Management System) Certification for all business establishments including global establishments (9 in total)
• ISO 45001 (Occupational Health and Safety Management System) Certification for a total of 6 business establishments as of 2023
• Selected as an outstanding partner. Outstanding partner of GM for 3 consecutive years

Governance Achievements

• Establishment of ESG dedicated organizations (December 2023): ESG Committee, ESG Management Council, Climate Change Response Council established
• A total of 15 regulations and guidelines related to ESG management revised or established

Climate Goals & Targets

Environmental Challenges

• Global geopolitical conflicts and unstable supply chains
• Fierce competition in the global auto parts industry
• Global economic slowdown and stagnant economic recovery
• Uncertainty and rapid change in the automotive industry
• Heightened demand for action from customers, investors, and stakeholders regarding climate change
• Calls for acceleration of mandatory climate-related disclosure
• Escalated EU CBAM
• Frequency of extreme weather events
• Accelerated rate of sea level rise

Mitigation Strategies

• Developed a strategy and vision for ESG management
• Established an ESG Committee, ESG Management Council, and Climate Change Response Council
• Joined the UNGC and created a plan to reach the goal of net-zero emissions by 2050
• Actively participating in the CDP and responding to EcoVadis assessments
• Updated policies across all sectors within the company to oversee ESG management initiatives
• Prioritized increasing sales through newly produced items and expanding revenue from overseas subsidiaries
• Pursued cost-saving measures by recycling old facilities and continued company-wide cost-reduction efforts
• Transparency in climate-related disclosure
• Participating in global initiatives such as CDP
• Joining RE100
• Pursuing carbon neutrality 2050
• Encouraging participation from partner companies in climate change response efforts
• Review and preparations of disclosures according to international reporting criteria
• Activation of communication channels for stakeholders
• Life Cycle Assessment (LCA) for product evaluation across all stages
• Practical measures for reducing greenhouse gas emissions
• Climate change monitoring
• Creating emergency response manual
• Enhancing safety within the workplace
• Continued monitoring of sea level rise
• Flood prevention solutions devised

Supply Chain Management

Responsible Procurement

• Partner Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding

Transition Risks

• Acceleration in competition for the technological development of eco-friendly auto parts
• Increase in market share through the endorsement of the technology
• Heightened demand for action from customers, investors, and stakeholders regarding climate change
• Calls for acceleration of mandatory climate-related disclosure
• Escalated EU CBAM

Opportunities

• Increase in market share through the endorsement of the technology
• Increase in sales due to the growing EV market
• Enhancement of brand image and securing investments through proactive disclosure and response to climate change information
• Enhanced brand image, secured investments, and attraction of new customers through proactive disclosure and response
• Generating revenue through the sale of emission allowances
• Securing price competitiveness through an increase in overseas purchases
• Attracting potential customers through support for climate change adaptation for the local community

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, IATF 16949, ISO 45001

Third-party Assurance: Sustainability Lab

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 10
• Goal 11
• Goal 12
• Goal 13
• Goal 17

Various activities both domestically and internationally, supporting the improvement of the quality of life for marginalized groups in the community and promoting humanitarian activities

Sustainable Products & Innovation

• Environmentally friendly car seat frames (SEAT FRAME)
• Battery plates (BATTERY PLATE)
• Door inners (DR INR)
• Environmentally friendly vehicle parts
• Future automobile parts
• BATTERY FRAME for HEV
• BATTERY BASE PLATE for HEV
• SEAT CROSS MEMBER for HEV
• BATTERY MODULE PLATE for EV
• BATTERY PACK SIDE MEMBER for EV
• Aluminum Door Frame (DR FRAME)
• Aluminum Bumper Beam (BUMPER BEAM)
• Aluminum Door Impact Beam (DR IMPACT BEAM)

Awards & Recognition

• GM's 'Excellent Partner' Award (3 consecutive years)
• Appreciation plaque for supplying A/S parts to Hyundai Mobis