LIG Nex1 Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:24,367 tCO2e/year
Scope 1 Emissions:5,841 tCO2e/year
Scope 2 Emissions:18,528 tCO2e/year
Renewable Energy Share:0.49%
Total Energy Consumption:496.45 TJ/year
Water Consumption:195,001 tons/year
Waste Generated:749 tons/year
Carbon Intensity:10.56 tCO2e/KRW billion in 2023
ESG Focus Areas
- Climate Action and Energy Saving
- Waste and Pollutant Management
- Improvement in Working Conditions for Employees
- Product Safety and Quality Management
- Information Security
- Ethics and Compliance Management
Environmental Achievements
- Reduced waste discharge to 749 tons (11% decrease from 2022), exceeding the goal of 750 tons.
- Increased waste recycling rate to 86% (4% increase from 2022), exceeding the interim goal of 80%.
Social Achievements
- Achieved a ‘zero-accident record’ in safety and health in 2023.
- Selected as a government-certified ‘Korea’s TOP Job-creating Company’ in September 2023.
- Renewed family-friendly company certification in December 2022.
Governance Achievements
- Awarded the ‘Presidential Commendation’ of the Defense Quality Management Award in November 2023.
- Established five committees under the board to enhance professionalism of board operations.
- Maintained 100% attendance rate at all 12 board meetings in 2023.
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero emissions by 2050.
- Achieve 99% waste recycling rate by 2050.
- Maintain chemical substance intensity of 0.3 kg per KRW 100 million by 2050.
Medium-term Goals:
- Achieve 90% waste recycling rate by 2030.
- Maintain chemical substance intensity of 0.45 kg per KRW 100 million by 2030.
- Achieve 50% renewable energy use by 2040.
Short-term Goals:
- Reduce air pollutant emissions below 50% of legal allowance by 2025.
- Achieve 85% waste recycling rate by 2025.
- Maintain chemical substance intensity of 0.5 kg per KRW 100 million by 2025.
Environmental Challenges
- Increased GHG emissions derived from business expansion.
- Rising demands for establishment of gradual GHG reduction goals and implementation.
- Heightened investment and upkeep expenses for facilities in response to more rigorous waste discharge regulations.
- Occupational accident risks in manufacturing.
- Leakage of core technical data.
- Incidents of corruption.
Mitigation Strategies
- Established and implemented a strategy to reach Net Zero emissions by 2050.
- Developed a hazardous chemical management system that complies with legal requirements.
- Provide environmental safety training, identify and enhance potential hazard areas, and conduct regular environmental safety inspections.
- Carry out data security activities centered on the Defense Information security.
- Operate anti-corruption programs, such as pledges to practice ethics·compliance management.
Supply Chain Management
Supplier Audits: 77 companies in 2023
Responsible Procurement
- Supplier Code of Conduct
- ESG evaluation consulting
Climate-Related Risks & Opportunities
Physical Risks
- Abnormal weather events
Transition Risks
- Tightened emission standards
- Growing costs for facility investment and maintenance
Opportunities
- Expanding the use of renewable energy
- Strengthened standards for air/water pollutant discharge
Reporting Standards
Frameworks Used: GRI Standards 2021, SASB, TCFD
Certifications: ISO 14001, ISO 45001, KSQ 9100, AS9110, CMMI Level 5, KOLAS
Third-party Assurance: Korea Management Registrar (KMR)
Awards & Recognition
- Presidential commendation for defense quality management
- Korea’s Top Job-creating Company
- Excellent Workplace in Occupational Health Promotion