Environmental Management Policy
PI Advanced Materials connects people, society, and the world by realizing the potential of Polyimide
through creative innovation technology.
Environmental Management Policy
PI Advanced Materials has a social responsibility to minimize the impact of its business activities on safety, health, and the environment.
PI Advanced Materials is a company that leads environmental protection through a sense of environmental responsibility. As a result, PI Advanced Materials is constantly working to identify and minimize the direct and indirect environmental impacts of its products.
To accomplish this, management will recognize environmental protection as a major factor in management activities, management will provide all necessary resources, and all executives and employees must practice the following.
Environmental Management System Certification (ISO 14001)
we strive to achieve more than legal requirements.
improvement by improving processes and implementing
cutting-edge technology.
on the environment, we carry out 3R (Reduce, Reuse and Recycle) activities to minimize pollutant emissions and contribute to the preservation of the global environment through resource
conservation and energy reduction.
we disclose this policy internally and externally,
including stakeholders, and actively collect their feedback.
and implement a management plan, as well as set goals
and detailed goals.
and environmental management system training
in order to implement, maintain, and develop this.
Risk Management for Environmental Change
Risk Management System
PI Advanced Materials is identifying risk factors that could alter the environment at business sites and local communities, as well as developing strategies to prevent and respond to them. These risks can be divided into ‘physical risks’ caused by physical changes due to leaks of chemicals and harmful gases and ‘transition risks’ caused by policies and regulations arising during industrial transition and changes in technology, market, and reputation. We intend to establish a sustainable management system and manage the impact of each risk by analyzing its financial/non-financial impact and response direction.
Risk Management Process
PI Advanced Materials is working with the ESG team and other departments at each business site to prevent, monitor, and respond to environmental change risks. Risks are evaluated based on the time of occurrence (short-term, medium-term, long-term) and the size of risks and opportunities (financial impact, non-financial impact). Following that, we are working to establish a risk response through consultation with the working team and to derive new strategies by exploring opportunity factors.
Identify Risks
- Continuous monitoring of the impact of each field due to environmental changes
- Identify risks related to laws, regulations, market trends, etc.
Decision
- Identify the expected timing of risk impact (short-term, medium-term, long-term) and financial impact
- Assessment of identified risks and opportunities
Proposal
- Obtain feedback from working teams on identified risks.
- Establish a risk response strategy based on the ESG strategy
Opportunity Seizing
- Risk management in accordance with the response plan Assessment of progress
- Establishment of future tasks
Risk Response Strategies Related to Environmental Changes
PI Advanced Materials understands the financial and non-financial impacts of risks related to environmental changes in business sites and local communities. While responding to identified risks, we are also working to seize new opportunities. PI Advanced Materials plans to strive for sustainable growth through risk management that considers environmental changes.
| Division | Expected Risk | Potential Financial Impact | Response Direction | Duration | |
|---|---|---|---|---|---|
| Physical Risk |
Harmful gas Leakage |
External leakage of harmful gases due to accidents | Economic and physical losses result from production delays caused by workplace damage. |
Establish an emergency response system to prevent chemical accidents and conduct regular safety inspections and training | Short-term |
| Casualties occur due to inhalation of harmful gases | |||||
| Chemical substance Leakage |
External chemical leak due to accident | Economic and physical losses due to pollution in workplaces and local communities |
Establish an emergency response system to prevent chemical accidents and conduct regular safety inspections and training | Short-term | |
| Casualties caused by chemical leaks | Installation of decontamination equipment to prepare for contamination accidents within each business site |
||||
| Transition Risk |
Policies and regulations | Utilization of circular resources Regulations on waste discharge |
Increased technological investment and business costs for waste recycling facilities |
Investment in waste recovery facilities and high purity purification Cooperation with business partners |
Mid to long term |
| Chemical Regulations Increasing demand for non-hazardous chemical-free raw materials and auxiliary materials |
Conversion costs incurred as a result of increased use of non-hazardous chemicals |
Monitoring whether hazardous chemicals are added from the beginning of product development to the end product. |
Mid to long term | ||
| Strengthening environmental regulations | Fines and sanctions are imposed when illegal acts are detected | Legal review and policy reflection through ESG management system | Short-term | ||
| Markets and Technology | Increasing demand for eco-friendly products that do not use hazardous chemicals, as well as products based on new and renewable energy. |
Increased R&D costs to expand eco-friendly product portfolio |
Development of substitutes for hazardous chemicals Development of new and renewable energy materials |
Mid to long term | |
| Reputation | Call for global eco-friendly initiatives | Withdrawal of investment and loss of customers | Global initiative response and information disclosure review | Short-term | |
Environmental Goals and Performance
PI Advanced Materials sets and addresses annual environmental goals to minimize environmental impact during the production process. The company establishes environmental goals optimized for ESG management, considering the characteristics of products and equipment at each site. Performance is assessed annually based on these goals.
2024 PI Advanced Materials Environmental Goals Status
| Environmental Management | KPI | Unit | Category | 3-Year Performance | Goal | ||
|---|---|---|---|---|---|---|---|
| 2021 | 2022 | 2023 | 2024 | ||||
| Environment | Greenhouse Gas Emissions Reduction GHG* (t eqCO2) |
Ton | Total | 96,038 | 98,120 | 90,759 | 105,536 |
| Jincheon | 60,897 | 55,572 | 51,843 | 58,664 | |||
| Gumi | 35,141 | 42,548 | 38,916 | 46,872 | |||
| Energy Consumption Reduction | Kwh/Ton | Total | 65,006 | 72,452 | 96,981 | 83,684 | |
| Jincheon | 22,872 | 24,341 | 37,058 | 36,949 | |||
| Gumi | 42,134 | 48,111 | 59,923 | 46,735 | |||
| Number of Public Relations Incidents (Fines, Penalties, and Citations) NOV** | Cases | Total | 0 | 0 | 0 | 0 | |
| Jincheon | 0 | 0 | 0 | 0 | |||
| Gumi | 0 | 0 | 0 | 0 | |||
** NOV : Notice of Violation