OVERVIEW
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2024 |
▪︎ ESG Management Policies and Strategies
| KISCO aims to become a functional chemical materials partner contributing to a happier future. With this vision, we strive to create sustainable value by promoting balanced development across the environment, society and economy through differentiated technologies and innovation. |
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▪︎ ESG Implementation System
1) CFO: Chief Financial Officer
2) CSO: Chief Sustainability Officer
3) EHS: Environment, Health and Safety
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▪︎ UN SDGs 17 goals
| Goal 01 |
End poverty in all its forms everywhere |
|---|---|
| Goal 02 |
End hunger, achieve food security and improved nutrition and promote sustainable agriculture |
| Goal 03 |
End healthy lives and promote well-being for all at all ages |
| Goal 04 |
Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all |
| Goal 05 |
Achieve gender equality and empower all women and girls |
| Goal 06 |
Ensure availability and sustainable management of water and sanitation for all |
| Goal 07 |
Ensure access to affordable, reliable, sustainable and modern energy for all |
| Goal 08 |
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all |
| Goal 09 |
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation |
| Goal 10 |
Reduce inequality within and among countries |
| Goal 11 |
Make cities and human settlements inclusive, safe, resilient and sustainable |
| Goal 12 |
Ensure sustainable consumption and production patterns |
| Goal 13 |
Take urgent action to combat climate change and its impact |
| Goal 14 |
Conserve and sustainably use the oceans, seas and marine resources for sustainable development |
| Goal 15 |
Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification and halt and reverse land degradation and prevent biodiversity loss |
| Goal 16 |
Promote peaceful and inclusive societies for sustainable development, facilitate justice for all land build effective, accountable and inclusive institution at all levels |
| Goal 17 |
Strengthen the means of implementation and revitalize global partnerships for sustainable development |
▪︎ Materiality Issues
| KISCO conducts an annual materiality analysis to identify issues of critical importance to our business. Items that are identified are incorporated into our business planning. We analyzed industry trends, international sustainable management standards, domestic ESG indicators, and constructed a significant issue pool through media research, benchmarking with similar industries, and reviewing internal conditions. We then selected the most significant issues by gathering opinions from management and other internal stakeholders. |
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| ▪︎ Materiality Issues Assessment Process |
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| ▪︎ Definition of stakeholders |
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| KISCO’s stakeholders include both internal stakeholders, such as employees and management, and external stakeholders related to KISCO’s business activities, such as customers, partner companies and shareholders. |
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▪︎ Composition of Issue Pool
| KISCO has analyzed major external indicators and industry trends to identify 15 key ESG material issues prioritized from a total of 40 major industry issues for sustainable management. |
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| Field | NO | KISCO ESG Material Issues | Overall Issue Pool |
|---|---|---|---|
| Environment | 1 |
Climate Change Response
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Climate change response (greenhouse gases), air quality improvement, effluent impact management (wastewater), water resource management (water usage), waste management (generation, type, impact), circular economy (waste recycling/reuse), energy consumption (electricity/steam/LNG, etc.), eco-certifications/activities, hazardous materials management, development of eco-friendly products, ecosystem protection, product use, customer health and safety, environmental services and support |
| 2 |
Air Quality Improvement
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| 3 |
Effluent Impact Management
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| 4 |
Water Resource Management
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| 5 |
Circular Economy
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| 6 |
Energy Consumption Management
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| 7 |
Development of Eco-Friendly Products
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| Social | 8 |
Human Rights and Diversity
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Human rights and diversity (UNGC), talent acquisition and development (training, hiring), work-life balance (parental leave, employee benefits), labor-management relations (family council), employee health and safety (occupational health and safety), product and service safety (safety, labeling), information security and personal data protection, community engagement (contributions, programs), supply chain management and win-win cooperation, marketing/customer relations, technology/innovation, working conditions, child/forced labor & human trafficking, external stakeholder human rights, sustainable supply chain |
| 9 |
Talent Acquisition and Development
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| 10 |
Labor-Management Relations
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| 11 |
Employee Health and Safety
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| 12 |
Community Engagement
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| 13 |
Future Growth Drivers
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| Governance | 14 |
Compliance Management
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Corporate governance, protection of shareholder rights, transparency and independence of the board, compliance management, ethical management and anti-corruption, audit systems, risk management (financial/non-financial), anti-corruption, anti-competitive behavior, intellectual property protection and management, transparent information disclosure |
| 15 |
Ethical Management and Anti-Corruption
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▪︎ Materiality Issues Matrix
| KISCO has expanded the number of top ESG material issues for 2024–2025 |
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* 2023–2024 Key Material Issues: Energy Management, Workplace Health and Safety Management, Compliance Management (Top 3)
▪︎ Major Certifications Related to Sustainable Management
| Certificate | Site | First certification year | Certified by |
|---|---|---|---|
| ISO 9001 Quality Management System |
All site | 2005 | Lloyd’s Register Quality Assurance Limited |
| ISO 14001 Environmental Management System |
KIF1, KIF3, KIF4 | 2005 | Lloyd’s Register Quality Assurance Limited |
| ISO 45001 Occupational health and Safety Management System |
KIF1, KIF3, KIF4 | 2005* | Lloyd’s Register Quality Assurance Limited |
| Bluesign System bluesign® System Partner Solutions and services for sustainable textile industry |
KIF1, KIF3, KIF4 | 2010 | bluesign Technologies ag |
| Global Organic Textile Standard | KIF1, KIF3, KIF4, KIF5 | 2008 | Ecocert Group |
| ECO Passport by OEKO-TEX® Certification system for chemicals, colorants and auxiliaries used in the textile industry |
KIF5 | 2020 | TESTEX AG |
| FSSC 22000 Food Safety Management Systems |
JMC | 2018 | SGS United Kingdom Ltd. |
| HAS23000 Halal Assurance System |
JMC | 2020 | Fatwa Commission of MU |
*OHSAS 18001 initial certification year, transition from OHSAS 18001 to ISO 45001 successfully passed in 2021.
※ KIF: Kyung-In Factory. Incheon Factory (KIF1, KIF2)/ Ansan Factory (KIF3)/ Sihueung Factory (KIF4,KIF5)/ Iksan Factory (KIF6)/ Yesan Factory (KIF7)
▪︎ Associations and Activities for Environmental Safety and Health
| Association | Activities |
|---|---|
| Chemicals Management Association | Discuss about all laws, administrative rules, and system implementation information services related to domestic chemical substances |
| Resource Circulation Council | Support for the activities of the self-inspection council of waste treatment companies |
| Korea Fire Protection Agency | Manage legal education for fire safety managers and hazardous materials safety managers |
| Incheon Regional Safety Management Council | Discuss about changes of PSM system and checks on regular evaluation and inspection systems |
| Incheon Regional Chemical Plant Council | Share public-private relations around chemicals and related policies |
| Chemical Plant Safety Management | Council in Western Gyeonggi Province Cooperate with residences to share policies and training contents |
| Ansan/Siheung Chemicals Handling Plant Representative Council |
Raise environmental safety awareness by sharing government environmental policies to prevent chemical accidents |
| Ansan/Siheung Environmental Engineers Association | Improved job skills for environmental technicians |
| Jeonbuk Regional Chemical Plant Council | Exchange safety and health technical information including PSM roadmap in Jeonbuk region |
| Iksan Regional Safety and Health Council | Exchange health and safety technical information in Iksan area to establish health and safety systems |
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▪︎ 2024 ESG Rating
| ▪︎ Korea ESG Standards Institute |
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