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, sharing 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 the reduction of chemical emissions
Establishment of a 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
with stakeholders
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. 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/technologies/products and contributing to environmental conservation in local communities at a time when changes in the global business environment are required, such as responses 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.
Stakeholder Communication
PI Advanced Materials operates communication channels to incorporate the opinions of all stakeholders into its business activities.
To reflect the diverse opinions and expectations of stakeholders such as employees, customers, investors, and partners,
PI Advanced Materials shares updates on the company’s business activities through its website, media outlets, and official disclosures and reports.
- Labor Union Meetings, Collective Bargaining Strengthening
- Communication Programs like ‘PICNIC’
- Employee Workshop ‘CAN’ Meetings
- Industrial safety and Health Committees and Councils
- Website Customer
- Inquiries
- Press Releases
- Public Disclosures
- General Meetings
- Regular Reports
- Sustainability Management Report
- Press Releases
- Homepage
- Supply Chain Evaluation and Management
- Safety and Health Committee
- Enhancing Safety and Health Management
- Developing Employee Capabilities Fair
- Compensation and Benefits
- Demands Eco-Friendly, High-tech New Product
- Demands for Enhanced Quality Management
- Responding to ESG Management
- Practices and Evaluations
- Disclosure of Financial Performance
- ESG Management Status Disclosure
- Enhancing Corporate Value
- Establishing a Robust Governance Structure
- Use of ECO-Friendly and Ethically Managed Products
- Strengthening Social Contribution Activities
- Strengthening Safety, Health, and Environmental Management
Employee Training
PI Advanced Materials conducts training to share its ESG management philosophy with internal employees. Employees handling chemicals receive environmental-related training, including chemical safety education, and regular emergency evacuation drills are carried out to create a safe workplace with participation from all members. For all employees, ethics and human rights training are provided to ensure that members of PI Advanced Materials fulfill their social responsibilities.
Education Status
| Category | Training Name | Frequency | Target Audience |
|---|---|---|---|
| Environment | Academic Training (All Employees) | 2 Hours/Session | All employees |
| Safety | Regular Safety and Health Training | Once a month | All employees |
| Supervisory Education | 16 Hours/Session | Supervisors | |
| Emergency Response Training | Once Per Quarter | All Employees (Including Top Management) | |
| Confined Space Emergency Response Training | Once Per Quarter | E/M Employees | |
| PSM - Process Safety Management Education | Once Per Quarter | PSM Engineering Department | |
| Ethics | Ethics Training | 6 Hours/Session | All employees |
Details of Education Progress
| Education Category | Unit | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Safety Environment | Safety Education | Cases | 12 | 12 | 12 | 12 |
| Emergency Drills | Cases | 8 | 9 | 8 | 6 | |
| Online Education Completion Rate | % | 100 | 100 | 100 | - | |
| Ethics & Information Security * | Training Conducted | Hours | 285 | 1,510 | 1,626 | 1,702 |
| Completion Rate | % | 97 | 96 | 93 | 95 | |
| Fair Trade | Training Conducted | Hours | - | - | - | 314 |
| Completion Rate | % | - | - | - | 100 | |
*Ethical training topics: Sexual harassment prevention, personal information protection, workplace harassment prevention and disability awareness improvement
Employee Training Performance
| Category | Performance Indicator | Unit | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Safety and Environment | Number of Industrial Accidents | Cases | 0 | 0 | 0 | 0 | |
| Industrial Accident Rate | % | 0 | 0 | 0 | 0 | ||
| Frequency Rate | % | 0 | 0 | 0 | 0 | ||
| Lost Time Injury Frequency Rate | % | 0 | 0 | 0 | 0 | ||
| Compliance with Safety Regulations | Number of Violations | Cases | 0 | 1 | 0 | 0 | |
| Penalty | Ten Thousand Won | 0 | 96 | 0 | 0 | ||
| Humans Rights and Ethics | Compliance with Labor Standards Act | Number of Violations | Cases | 0 | 0 | 0 | 0 |
| Penalty | Ten Thousand Won | 0 | 0 | 0 | 0 | ||
| Compliance with Fair Trade Act | Number of Violations | Cases | 0 | 0 | 0 | 0 | |
| Penalty | Ten Thousand Won | 0 | 0 | 0 | 0 | ||
| Security | Total Number of Data Breaches | Cases | 0 | 0 | 0 | 0 | |
| Number of Data Breaches of corporate and Customer Information | Cases | 0 | 0 | 0 | 0 | ||
| Fines for Violations Related to Government Data Leaks | One Thousand Won | 0 | 0 | 0 | 0 | ||
External Director Training
| Ttraining Date | Training Organization | Attending External Directors | Reason for Absence | Key Training Content |
|---|---|---|---|---|
| November 28, 2023 | Hosted by Our Company (External Instructor) |
Yang Jae-ho Lee Jae-won Oh Hyong-il |
- | Changes in Export Control Strategies and Supply Chain Management in Response to Global Trade Issues (Instructor: Cha Su-hong, Director of the Strategic Materials Management Agency) |
| April 04, 2021 | Hosted by Our Company (External Instructor) |
Lee Jeong-yeol Im Kyung-woon Oh Hyong-il |
- | Introduction to ESG Management and Its Challenges (Instructor: Professor Park Kyung-seo, Department of Business Administration, Korea University) |
Materiality Assessment
Materiality assessment process
- Analysis of corporate activities
- Analysis of peer group issues
- Review of domestic and international ESG standards (GRI, SASB), evaluation criteria, certifications, and initiatives (CDP, UNGC, ISO26000)
- Setting team-specific goals according to ESG management strategy
- Identify the scope and timing of impact for each issue
- Connect with domestic and global regulations and guidelines
- Conduct surveys with internal employees and partner company staff
- Evaluate interest and business impact using a 5-point scale
- Determine priorities through consultations with working teams and stakeholders
- Propose response measures for each indicator
Materiality Assessment Results
The company identified ten high-priority issues with the highest average materiality scores. Key ESG issues for PI Advanced Materials include ‘Product Responsibility Management,’ ‘Safety Reporting,’ ‘Talent Acquisition and Development,’ and ‘Labor Relations.’ The company plans to continue addressing these critical issues proactively and transparently disclosing response measures.
Matrix of Materiality Assessment
Materiality Issue Ranking
| Ranking | Fields | Issues | GRI |
|---|---|---|---|
| 1 | Social | Product Responsibility Management | - |
| 2 | Social | Health and Safety | 403 |
| 3 | Social | Talent Acquisition and Development | 404 |
| 4 | Social | Labor/Management Relations | 402 |
| 5 | Environment | Reduction of Hazardous Chemicals and Chemical Management System |
- |
| 6 | Social | Information Protection | 418-1 |
| 7 | Environment | Reduction and Management of Air Pollutants | 305-7 |
| 8 | Social | Human Rights | - |
| 9 | Social | Supply Chain Management | 308-2, 414-1 |
| 10 | Governance | Ensuring of Financial Soundness | - |
| 11 | Social | Stakeholder Communication and Information Disclosure |
205-2, 403-3, 417-3 |
| 12 | Governance | Compliance Management | - |
| 13 | Governance | Operation of an Independent and Professional Board of Directors |
2-9 |
| 14 | Governance | Ethical Management | - |
| 15 | Governance | Anti-Corruption and Fair Trade | 205-2, 205-3 |