2024-05-30 14:15:03
Samsung BioLogics publishes its 4th ESG report
Numerous international disclosure tips, together with pure capital, are mirrored.
“We are going to scale back greenhouse gasoline emissions by 32% by 2030.”
Proceed to strengthen security and board independence, together with with companions
Samsung BioLogics introduced on the thirtieth that it revealed the 2024 ESG report containing final 12 months’s ESG (environmental, social, and governance) administration efficiency and sustainable administration standing. That is the fourth publication of the ESG report, and efforts have been made to replicate international ESG disclosure traits corresponding to GRI (World Reporting Initiative) requirements, ESRS (European Sustainability Reporting Requirements), and IFRS (Worldwide Monetary Reporting Requirements) necessities.
Particularly, this 12 months’s report options an expanded utility of the twin materiality evaluation newly launched final 12 months. Amongst them, the materiality analysis is alleged to be an analysis that considers each instructions, together with the corporate’s affect on society and the surroundings and the monetary affect of sustainable administration on the corporate. Samsung BioLogics mentioned it has additional strengthened the completeness and accuracy of the analysis by including new international ESG disclosure indicators, buyer necessities, international ESG analysis indicators, and the standing of regulatory authorities to this 12 months’s report. The reason is that the report incorporates detailed environmental-related achievements and objectives, together with ‘carbon neutrality (Web Zero)’, which is the primary difficulty derived via the analysis.
First, the outcomes and future objectives of constructing a sustainable, low-carbon, eco-friendly enterprise web site had been disclosed. The achievement price of RE100 (100% of company electrical energy utilized by renewable power) in comparison with final 12 months’s projected greenhouse gasoline emissions (BAU, Enterprise As Common, calculated primarily based on the case the place no measures are taken to cut back greenhouse gases) was 24.8%. It was introduced that it was calculated as . Future objectives embrace lowering greenhouse gasoline emissions by 32% and 36%, respectively, throughout enterprise websites and your complete provide chain by 2030, and reaching a water recycling and reuse price of 20%.
New methods and duties to reply to pure capital (TNFD, Taskforce on Nature-related Monetary Disclosure) disclosures had been additionally included within the report for the primary time. TNFD is an initiative that views biodiversity, forests, and nature as pure capital and focuses on how loss and destruction of nature can result in monetary dangers for corporations. It is usually an environmental difficulty that has not too long ago obtained consideration from the angle of biodiversity conservation. In keeping with this, Samsung BioLogics emphasised that it has established key duties and methods for every nature-related space primarily based on TNFD, corresponding to water sources, waste, pollution, and biodiversity.
We’re additionally finishing up actions to create a protected and sustainable society. Samsung BioLogics has established a roadmap together with mid- to long-term security administration and well being administration objectives and implementation duties by 2030 in order that its members and companions can work in a protected and wholesome surroundings. As well as, it was reported {that a} associate administration and operation system has been established and is at present in operation for sustainable provide chain administration. Moreover, with a view to improve companions’ understanding of ESG administration and encourage implementation, they defined that the variety of corporations collaborating in ESG analysis was elevated by about 3.7 occasions from 46 in 2022 to 171 final 12 months. We’re additionally working an ESG enchancment marketing campaign that shares the analysis outcomes with our companions to assist them verify potential dangers for every firm and determine enchancment duties to make them higher.
For accountable enterprise actions (Governance 0), the corporate introduced that it’s specializing in enhancing the independence and transparency of the board of administrators whereas strengthening ESG administration. Sustainability administration dangers had been added to the prevailing areas consisting of finance, enterprise, and operations. By way of this, company-wide inside and exterior administration dangers had been added. The plan is to reinforce danger administration capabilities by appointing greater than half of the board of administrators (4) as exterior administrators and introducing a senior exterior director system to reinforce independence from administration.
Jon Lim, CEO of Samsung BioLogics, mentioned, “By way of this report, Samsung BioLogics expects to additional strengthen its place as a number one ESG firm within the pharmaceutical and bio business,” including, “We are going to create a sustainable bio business ecosystem primarily based on constant and clear ESG administration.” “We are going to construct a basis to understand a greater life for humanity,” he mentioned.
Kim Min-beom, Donga.com reporter [email protected]
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2024-05-30 14:15:03