Samyang Packaging Corp

Lobbying Governance

AI Extracted Evidence Snippet Source

Enhancing ESG Management Effectiveness in Alignment with Global Standards Long-term ESG management strategies and comprehensive organizational systems are imperative to foster a business that aligns with elevated global ESG standards. Led by the ESG Committee, Samyang Packaging will set ESG management strategies and goals and establish task details by step to grow permanently. Furthermore, the company will enhance its responsiveness to societal expectations by integrating ESG considerations into performance assessments and amplifying execution capabilities. At the same time, we will make our utmost effort to ensure that all corporate ecosystem members, from raw material suppliers to clients, grow together with Samyang packaging. [...] Establishment of ESG Committee We organized the ESG Committee in 2023 to manage and supervise internal and external ESG issues and make administrative decisions. The ESG Committee plays the role of the body that reviews and analyzes environmental, social, and governance strategies and major administrative strategies to lead the company to make sustainable growth in the long term and manages and supervises the performance and problems of sustainable management. The ESG Committee holds a semiannual regular meeting while holding provisional meetings frequently. The first ESG committee meeting in 2023 reviewed the materiality assessment and approved major ESG management policies (environment, safety and health, human rights, code of conduct for suppliers, green purchasing, and biodiversity) after review.

https://www.samyangpackaging.co.kr/resources/kr/local/file/esg/report/%ED%8C%A8%ED%82%A4%EC%A7%95_%EC%A7%80%EC%86%8D%EA%B0%80%EB%8A%A5%EA%B2%BD%EC%98%81%EB%B3%B4%EA%B3%A0%EC%84%9C2022_%EC%98%81%EB%AC%B8.pdf