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Environmental Management System
Environmental
Management
Policy
We continually improve environmental management performance by systematically establishing, advancing, and executing the environmental management system effectively.
We recognize that the climate change crisis is a serious threat to the survival of humankind and make continued efforts to establish an eco-friendly ecosystem to overcome the climate change crisis, including reducing GHG emissions, minimizing the use of hazardous substances, and efficiently using resources.
At all stages of business activities including product planning, development, production, sales, and disposal, we efficiently improve the use of resources and energy consumed and minimize the harmful effects on the environment.
We safely and effectively manage harmful and hazardous substances that we handle or arise in our processes in line with relevant international standards and strictly comply with environmental laws and regulatory standards that directly apply.
We raise all employees’ environmental awareness through environmental education and make environmental preservation activities a part of our daily lives. We share our policy and support programs so suppliers can participate in eco-friendly management, thereby continually maintaining win-win relations.
Execution
Organization
To implement eco-friendly management, we operate the Working-level ESG Council, an organization dedicated to ESG, under the ESG Committee. Consisting of working-level staff in different areas, the Working-level ESG Council holds regular and irregular meetings to discuss pending matters and issues related to eco-friendliness. It professionally handles the establishment of improvement tasks by area, reports, inspections, and monitoring.
Execution
Organization
Role
| Department | Key Tasks |
|---|---|
| Quality Management Team |
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| Safety and Health Part General Affairs Part |
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| Facilities Management Team |
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| SCM Team |
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| Corporate Planning Team |
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Eco-friendly
Management Plan
for 2024
| Category | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| Eco-friendly campaigns (Campaign on refraining from using disposables, energy-saving campaign, etc.) | ● | ● | ● | ● |
| Environmental education (Spreading environmental management awareness among employees) | ● | ● | ||
| GHG monitoring (Regularly by workplace) | ● | ● | ● | ● |
| GHG reduction activities (Adopt electric vehicles, adjust indoor temperatures at workplaces, etc.) | ● | ● | ● | ● |
| Increased use of new & renewable energy (Install photovoltaic power generation facilities, etc.) | ● |
Climate Change Risk Management
Risk/Opportunity Response Process
To establish climate change response strategies and derive countermeasures, we analyze and identify transition and physical risks and opportunities in business strategy and financial impact aspects.
Risk Types and Countermeasures
The report published by the IPCC (Intergovernmental Panel on Climate Change) on climate change indicates that ‘if global temperatures continue to rise due to climate change, there will be an increase in natural disasters such as heatwaves, floods, earthquakes, and an escalation in the frequency of tropical storms, along with rising coastal sea levels on both land and sea’. To prevent cost increases that may arise from such physical risks, Koh Young Technology conducts proactive management through risk/opportunity monitoring to identify and manage the risks identified in advance.
At the 56th session of the IPCC held in April 2022, a report was adopted stating that in order to limit the global temperature increase to 1.5°C, worldwide net greenhouse gas emissions should be reduced by 43% by 2030 compared to 2019 levels and by 84% by 2050. Koh Young Technology is actively establishing and maintaining greenhouse gas reduction targets to respond to climate change.
Risk Types and
Countermeasures
| Category | Time | Financial Impact | Countermeasure | |
|---|---|---|---|---|
| Physical Risks | Acute | Short-term |
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| Chronic | Mid-Long-Term |
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| Mid-Long-Term |
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| Transition Risks | Policy and Regulation | Short-Term/ Mid-Long-Term |
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| Reputation | Short-Term/ Mid-Long-Term |
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| Market | Mid-Long-Term |
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