Climate Change Response>Environmental>Sustainable Management

Climate Change Response

Climate Change Risk Management System

DRB Industrial manages risks in a total of four stages, beginning with climate change risk assessments and ending with reaction and improvement. We review the results from regular risk analysis, incorporate them into our management strategy, and review the performance and improvement plans in connection with specific risk management activities. Moving forward, we intend to formulate strategies grounded in the specific risks and opportunities identified at each business site through advanced analytics.

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DRB 전 법인 온실가스 배출량 Scope1, Scope2 정보 제공
1. Climate change risk analysis	2. Review of response plans	3. Risk management and response activities	4. Monitoring and improving risk response performance
Defining highly significant risks Conducting risk analysis (including risk occurrence cycle, probability, financial, geographic, and temporal impact scope)	Reducing greenhouse gases Establishing and operating business sites Products and services Technology R&D Costs for climate change response	Improving workplace energy efficiency Strengthening renewable energy Advancing GHG reduction projects Engaging in climate change initiatives Assisting external suppliers' reduction projects	Monitoring achievements Evaluating initiative results Reflecting and improving evaluation results Establishing an annual activity plan for the next year

GHG Emissions (Scope 1+2) and Intensity

DRB Industrial has set a goal to reduce its greenhouse gas emissions by 28% by 2030 compared to 2021. It pursues a reduction strategy focused on increasing energy efficiency and cutting unnecessary energy consumption. To this end, DRB Industrial has established implementation measures centered on optimization of production processes and energy savings. It strives to minimize power consumption by analyzing energy usage of each process to reduce unnecessary operations and by introducing high-efficiency motors and inverters. Additionally, further reduction effects are anticipated from converting plant lighting to high-efficiency LEDs and optimizing heating, cooling, and ventilation systems. Considering the feasibility of renewable energy transition within Korea, DRB Industrial is considering the introduction of external renewable energy purchases (PPA) and exploring ways to increase the proportion of renewable energy use in the medium to long term.

GHG Inventory Development Process

1) Applying the 'Guidelines on Reporting and Certification of Emissions under the Greenhouse Gas Emissions Trading System’

Third-Party Verification of GHG Emissions

To enhance the transparency and reliability of its sustainability management, DRB Industrial conducts regular third-party verification of its greenhouse gas emissions by external expert organizations. The verification is performed in accordance with internationally recognized standards such as ISO 14064-1 and ISO 14064-3, and we are gradually expanding the scope of verification to include Scope 1, Scope 2, and also Scope 3 emissions at our major business sites. Through this, we aim to ensure the accuracy and consistency of our greenhouse gas inventory and strengthen execution capabilities based on our climate change response strategy. The verification results are disclosed transparently through our sustainability report and various disclosure data, practicing responsible climate leadership built on the trust of our stakeholders.

Verification Target

DRB Industrial Co., Ltd., DRB Union Beltinno Co., Ltd., and DRB Healthcare Co., Ltd.

Verification Standard

ISO 14064-1:2018, ISO 14064-3:2019
WRI/WBCSD GHG Protocol
IPCC Guidelines for National Greenhouse Gas Inventories (2006)
Operational Guidelines for Reporting and Verification of Emissions under the Emissions Trading Scheme (ETS)
Verification Guidelines for the Operation of the Greenhouse Gas Emissions Trading Scheme
Operational Guidelines for Vietnam’s Greenhouse Gas Emissions Trading Scheme

Verification Frequency

Once per year (Annually)

Verification Scope and Method

Direct Emissions (Scope 1): Fixed combustion, mobile combustion, and other greenhouse gas emissions.
Indirect Emissions (Scope 2): Purchased electricity and purchased heat.
Verified Greenhouse Gases: CO₂, CH₄, N₂O, HFCs, PFCs, SF₆.

Verification Agency

Korea Quality Assurance Co., Ltd.(2022 ~ 2023)
Korea Management Registrar Co., Ltd. (2024)

2022 Greenhouse Gas Verification Statement 2023 Greenhouse Gas Verification Statement 2024 Greenhouse Gas Verification Statement

Climate Change Response Initiatives

UNGC Climate Ambition Accelerator

DRB Industrial recognizes the importance of responding to climate change and actively participates in various initiatives. We have established science-based reduction targets aligned with the 1.5°C scenario for greenhouse gas emissions throughout our overall business activities. In addition, we strive to acquire the knowledge and technology necessary to accelerate the transition to net-zero emissions.

Corporate Renewable Energy Initiatives(CoREi)

The Corporate Renewable Energy Initiative (CoREi), jointly launched in 2020 by the United Nations Global Compact Network Korea (UNGC Network Korea), World Wide Fund for Nature Korea (WWF-Korea), and the Korea Social Investment Forum (KoSIF). CoREi encourages companies to voluntarily declare a transition to renewable energy and supports them in meeting the associated targets.

Science-Based Targets initiative, SBTi

SBTi is an initiative that verifies and certifies whether the company's greenhouse gas reduction goals in response to climate change are scientifically reasonable and sustainable. It enables businesses to undertake sustainable management and solve global climate challenges, thereby speeding up practical actions.