KVK CORPORATION
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Climate Change
- Human Capital
- Governance
Environmental Achievements
- Introduced cogeneration system and solar power panels to reduce energy usage and CO2 emissions.
- Achieved ISO 14001 certification (multi-site).
Social Achievements
- Implemented work-life balance initiatives, including childcare support and flexible work arrangements.
- Provides employee stock ownership plan.
Governance Achievements
- Implemented a system of checks and balances, including regular board meetings and internal audits.
- Established a Sustainability Committee to oversee ESG initiatives.
Climate Goals & Targets
Medium-term Goals:
- Achieve 10% operating profit margin and 10% ROE by 2025.
Environmental Challenges
- Difficulty in setting specific numerical targets for diversity in key personnel due to small foreign ownership.
- Need for further improvement in gender diversity and international experience among board members.
Mitigation Strategies
- Actively recruiting mid-career professionals to strengthen technical and development capabilities.
- Continuous efforts to improve the board's composition in terms of diversity and international experience.