Daedong, First Ever Publication of Group Integrated ESG Report

ESG Performance of Four Companies Including Daedong Presented

Daedong announced on the 5th that it has published the "2024 Group Integrated ESG Report," which contains the ESG (Environmental, Social, and Governance) management performance of Daedong and its group affiliates Daedong Mobility, Daedong Gear, and Daedong Metal.

Last year, Daedong selected the promotion of group ESG management as one of its three major management tasks and established a dedicated group ESG department and an ESG committee to expand ESG management to its affiliates. Based on this, it established a mid- to long-term ESG management plan and published the first integrated ESG report in the history of Daedong Group.

The report includes the ESG activities and achievements carried out last year. In the environmental sector, Daedong Group measures and systematically manages greenhouse gas emissions through on-site inspections at each business site to respond to climate change. Additionally, to reduce emitted greenhouse gases, Daedong Mobility installed a rooftop solar power plant covering approximately 31,000㎡ at the S-Factory in April this year. Through this, Daedong Mobility reduces indirect greenhouse gas emissions by 1,508 tons annually and saves about 230 million KRW per year by using the generated electricity.

In the social sector, to create a safe and healthy workplace, Daedong and Daedong Mobility appointed Chief Safety Officers (CSO). In the governance sector, the company newly established a Nomination Committee for Outside Directors and a Compensation Committee within the board of directors to establish sound and transparent governance and lay the foundation for internalizing ESG management.

Kwon Ki-jae, Head of Group Management at Daedong, said, “Last year, we established the group-level ESG management direction and plan and gradually implemented them, leading to the publication of the first integrated ESG report for the group. Going forward, by expanding ESG management to all group companies, we will fulfill our social responsibilities and continue to grow as a trusted company.”