"We Will Continue Transparent Communication"
KCC Glass announced on July 7 that it has published the "2024/25 ESG Report," which details its achievements in sustainable management and its growth strategies.
KCC Glass considers ESG (Environmental, Social, and Governance) management as a core strategy for future growth and has been transparently disclosing key issues and achievements through annual ESG reports. Now in its fifth edition, this year's report provides detailed coverage of KCC Glass's recent key ESG initiatives, including: the alignment of ESG strategic goals with key performance indicators (KPIs); the development of innovative products to secure new growth engines; and the advancement of the double materiality assessment.
This report quantifies goals and performance by linking the three main strategic directions?corporate responsibility for the environment, respect for people, and earning trust as a company?with KPIs and related detailed action plans. Through this approach, the company aims to continuously monitor the status of implementation and manage performance in a systematic and transparent manner.
The report also discloses achievements in developing innovative products to secure future growth engines. It introduces major products that KCC Glass is developing by integrating advanced technologies to meet new market demands, such as automotive glass with transparent antennas, smart glass with adjustable transparency, and glass substrates for semiconductor packaging.
The report also includes details on the advancement of the double materiality assessment. Notably, this year's assessment newly incorporated a financial impact evaluation based on budget and cost data. In addition, a variety of perspectives were reflected through stakeholder surveys and focus group interviews (FGI) involving external experts and internal employees.
This report has enhanced the reliability and systematic nature of its information by applying the TCFD (Task Force on Climate-related Financial Disclosures) recommendations, a global sustainability disclosure standard.
A KCC Glass representative stated, "We are working to quantify relevant goals and achievements and to establish a performance-driven ESG management system so that sustainable management can lead to tangible implementation." The representative added, "Going forward, we will continue to strengthen sustainable management based on ESG strategic objectives and maintain transparent communication with stakeholders through the publication of ESG reports."
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