SPC "520 Billion Won Investment in Safety and Health After Bakery Factory Employee Death"

Report on Last Year's Safety Management Performance at the 9th Regular Meeting
Acquisition of International Standard Safety Certifications Including ISO45001

SPC Group announced on the 20th that it has invested a total of 52 billion KRW to improve workplace safety following the employee fatality accident at its affiliate SPL Pyeongtaek bakery plant in 2022.

The SPC Safety Management Committee held its 9th regular meeting on the 19th at the Shani Seongnam plant, where it reviewed last year's safety management activities and safety investment performance, and checked this year's implementation plans.

On the 19th, the SPC Safety Management Committee held a meeting at the Shani Seongnam Factory to listen to production site employees about safety improvements and work difficulties. (Second from the right, Jeong Gap-yeong, Chairman of the Safety Management Committee)

According to SPC Group's plan to invest 100 billion KRW in the safety and health sector over three years until 2025, it has invested 52 billion KRW as of last month. This investment pace is 20% faster than originally planned.

The SPC Safety Management Committee also reviewed the status of acquiring international standard safety certifications promoted last year. Established after the Pyeongtaek plant accident, the SPC Safety Management Committee recommended that SPC Group obtain international safety certifications such as ISO45001 and FSSC22000 for major production facilities to establish a global-level safety management system.

Following the committee's recommendations, SPC Group completed ISO45001 certification for 16 major production centers including affiliates Paris Croissant, SPC Samlip, SPL, and Baskin Robbins by the end of last year, as well as FSSC22000 certification for all 30 factories. The remaining production facilities, such as some central kitchens of Dunkin' that are still pursuing ISO45001 certification, will also complete the certification promptly.

Jung Gap-young, Chairman of the SPC Safety Management Committee, said, "SPC Group's active implementation of the committee's recommendations and acquisition of international safety standard certifications for workplaces will serve as a stepping stone for the company to become a global-level enterprise equipped with a world-class safety system."