Overview of Sustainability Management
PI Advanced Materials connects people, society, and the world by realizing the potential of Polyimide
through creative innovation technology.
Overview of ESG management
Furthermore, in order to effectively promote ESG management, we identified key ESG issues related to PI Advanced Materials' sustainability
and disclosed the responses and performance for each issue in the sustainability report.
ESG Vision and Direction
PI Advanced Materials has established an accident-free and eco-friendly workplace through ESG management as well as financial growth in order to survive as a sustainable management company for future generations.
In addition, with the goal of strengthening communication with stakeholders, we are striving to achieve our goals by establishing slogans and strategies in each field of environment, society, and governance.
business environment
through risk factor management
with all stakeholders
Strategies
- Establishing a foundation for response to climate change
- Establishment of an environmental conservation system at business sites and local communities
- Technology development for resource recycling
- Development of eco-friendly products
- Compliance with the Severe Accident Punishment Act
- Family-friendly workplaces
- Non-financial risk management such as information security and supply chain
- Shared growth with partners and local communities
- Board Independence and Diversity
- Shareholder-friendly dividend policy
- Sharing goals with stakeholders
- Strengthening the internal control system
ESG-focused initiatives
PI Advanced Materials developed a company-wide ESG management vision and strategy, as well as prioritized key tasks to create a sustainable management system.
The ESG strategies and tasks of PI Advanced Materials are reflected in the work processes of all members, and efforts are being made to ensure that the ESG vision is established within management activities.
PI Advanced Materials' key ESG tasks include responding to climate change, building an eco-friendly workplace, shared growth with partners and the local community, and activating stakeholder communication. To complete the task, members will build an environmentally friendly workplace, develop eco-friendly products, manage safety risks, and communicate with stakeholders. PI Advanced Materials will continue to pursue sustainable management based on ESG key tasks in the future.
PI Advanced Materials ESG Key Tasks
Development of materials for new and renewable energy
Promote reduction of chemical emissions
Establishment of waste recycling system
Compliance with fair trade based on ethical management
Social contribution activities that communicate with local residents
Safety and health risk management through risk assessment, etc.
Safety and health support for partners
Activation of various communication channels
Implementation of an ethical management training program for all employees
ESG Management Strategy
The PI Advanced ESG strategy and slogan were developed by PI Advanced Materials to communicate the goals, values, and benefits of ESG management
to all stakeholders, including employees, customers, shareholders, and the local community. Through this, we will strive to realize the company's business goal of 'Polyimide connecting tomorrow,'
which connects tomorrow's society through polyimide.
ESG Slogan
To achieve a successful ESG management strategy, PI Advanced Materials has developed three slogans. Eco-friendly to build an eco-friendly workplace,
save the life to pursue a happy life through shared growth and risk management, and Go together to share the company's goals, values, and profits with stakeholders and work together to achieve the goals.
The world is experiencing severe environmental pollution and climate change.
PI Advanced Materials strives for sustainability by developing eco-friendly processes/technology/products and contributing to environmental conservation in local communities at a time when changes in the global business environment are required, such as response to climate change and carbon neutrality.
Shared growth with stakeholders such as companies, partners, and local communities is critical for sustainable management.
For the mutual growth of members and stakeholders, PI Advanced Materials is creating a safe workplace by managing risk factors that may arise in various fields such as safety/environment/security. Furthermore, by creating a stable business environment, we are creating a workplace where PI Advanced Materials and all stakeholders can live happy lives.
In order to achieve sustainable growth, the company's goals must be shared not only with its members, but also with all stakeholders.
PI Advanced Materials shares its goals with various stakeholders and strives to ensure that the values and benefits achieved are also shared in various forms with members and all stakeholders.
ESG Drive System
To achieve ESG management objectives, PI Advanced Materials has formed a dedicated ESG team. Furthermore, we are attempting to create a sustainable management environment by establishing an organic cooperation system with working departments
in order to achieve goals in each ESG sector, including environment and safety, human resources, management, purchasing, and research.
ESG Evaluation Results
| Year | Scale Rating | Overall Rating |
|---|---|---|
| Second half of 2022 | AA | A |
| Year | Integrated Rating | Environment | Society | Governance |
|---|---|---|---|---|
| 2021 | B+ | B+ | B | B+ |
| 2020 | B | C | B | B+ |
| 2019 | B | C | B | B+ |
| 2018 | B | B | C | B+ |
Materiality Assessment
Selection of major issues
Materiality Assessment Process
Pool configuration
- Analysis of corporate activities
- Peer Group Issue Analysis
- Domestic and international ESG standards (GRI, SASB), evaluation criteria, certifications and initiatives
(CDP, UNGC, ISO26000) Analysis of indicators, setting goals for each team according to ESG management strategy
Analysis
- Identify the scope and timing of influence for each issue
- Domestic/global regulations and guidelines
Connection
Evaluation
- Survey of internal executives and employees of partner companies
- Quantitative evaluation on a 5-point scale
including interest and business impact
- Determination of priorities through consultation with working team and stakeholders
- Presentation of response measures for each indicator
Results of Materiality Assessment
PI Advanced Materials has set 10 major issues with a high average of materiality.
The ESG material issues selected by PI Advanced Materials included ‘Safety and Health’, ‘Hazardous Chemical Management’, ‘Supply Chain Management’, and ‘Compliance Management’.
PI Advanced Materials plans to continue to proactively respond to major issues and transparently disclose its response plans for each issue.
Matrix of Materiality Assessment
Materiality Issue Ranking
| Ranking | Fields | Issues | GRI |
|---|---|---|---|
| 1 | S (Society) | Safety and health | 403-1~7 |
| 2 | E (Environment) | Reduction of hazardous chemicals and advancement of chemical management system | - |
| 3 | E (Environment) | Air pollutant reduction and management | 305-7 |
| 4 | S (Society) | Supply chain management | 308-2, 414-1 |
| 5 | S (Society) | Information protection | - |
| 6 | E (Environment) | Reduce and manage energy usage | 302-1,3 |
| 7 | E (Environment) | Reduce waste generation and manage resource circulation | 306-2 |
| 8 | G (Governance) | Communication with stakeholders and disclosure of information | 2-16,29 |
| 9 | G (Governance) | Compliance management | 2-27 |
| 10 | G (Governance) | Operating a board of directors with independence and expertise | 2-10,11,14 |