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ESG

Protecting environment and adding social value for a sustainable future. We aim to grow together with all stakeholders based on transparent and fair trading.

Sustainable management of Kyungbu Resources

Sustainable Development

We pursue a balance between economic growth and environmental sustainability in order for future generations to enjoy a better life quality. Social inclusion is also what we do care about much. We put various social inclusion efforts for the community and the less privileged.

Sustainable growth

Sustainable Growth

Sustainable growth follows the principle that economic development be pursued in harmony with environment with long time perspective. It can be achieved through efficient resources management, increased use of renewable energy, reduction of environmental pollution etc.

Integrating activities to ensure sustainability

Integrating sustainability activities

Certain strategic approaches are necessary to achieve goals for the sustainable growth; most important one is to embody sustainability into a company's core values and culture, which will naturally be spillt down to operational level.

Linking the international standard ISO26000 for sustainable growth with the UN SDGs

The International Organization for Standardization (IS0) has developed ISO26000, a global international standard focusing on social responsibility (CSR) management so that companies can effectively implement the UN's Sustainable Development Goals (SDGs). By selecting and publishing 16 topics, this standard provides specific guidance and direction for companies to achieve sustainable development. ISO26000 is designed to help companies recognize and fulfill their social, environmental, and economic responsibilities. It is well linked to the broad goals of the UN SDGs and provides specific and practical action guidelines for companies to contribute to sustainable development around the world. Through this standard, companies can meet the diverse needs and expectations of the global community, achieve sustainable growth and development, and play an important role in supporting the achievement of the UN SDGs. The introduction of ISO26000 has become a key standard for companies to understand and apply how to fulfill their social responsibilities and have a positive impact.

UN announces 17 key goals for sustainable development of the international community

The United Nations announced the 2030 Agenda for Sustainable Development, which contains 17 important topics to promote sustainable development around the world. This agenda was decided at the 70th session of the United Nations General Assembly in 2015, and it aims to move away from past approaches that simply focused on developing countries and move in a more practical and comprehensive direction. Each country has the flexibility to adopt these goals according to its own characteristics, and can select detailed goals and indicators to implement individual goals in accordance with relevant laws and government policies. This is assessed as an important step in laying the foundation for countries to pursue sustainable development in line with their own social, economic, and environmental conditions. These United Nations efforts aim to respond to the diverse challenges facing the world and help move towards common goals for a better future. The international community's cooperation and commitment to achieve these goals by 2030 is more important than ever.

The meaning of ESG

Environmental

· Energy usage and greenhouse gas emissions (total, per unit) are declined in 2022 compared to the previous year
· To keep implementing efforts to reduce energy usage (limit idle time, replace electric forklifts, replace hybrid vehicles)
· Made various environmental investments for 3 consecutive years, such as building electrical equipment for forklifts, and plans for continuous improvement in the future
· Conducted environmental educations for those who are in charge. some of them obtained ESG expert certification
· Obtained an ISO 14001 environmental certification · No violations of environmental laws within the last 1 year
· To Conduct environmental inspections (management of oil emissions, dust, and pollutant by-products). These inspections are carried out in connection with ISO 14001 environmental certification
· Establishing regulations and standards for implementing ESG management and implementing environmentally friendly management
· To share the need for purchasing eco-friendly products · Strengthening energy saving initiatives such as purchasing eco-friendly vehicles and replacing light bulbs with LED light
· Actively establishing and implementing policies to respond to climate change and environmentally friendly business strategies aimed at carbon neutrality

Governance

· Preparing bylaws for implementing ESG management, trained employees.
· Having an ethical code, an ethical charter, and a code of conducts
· Excellent legal risk management ability without tracking of lawsuits and/or intellectual rights infringements
· Effective internal monitoring and compliance with the decision-making process of the board of directors and management through full-time audits
· The transparency of accounting and the legality of management are independently verified by conducting an external audit

GOOD GOVERNANCE