Doing more with less
Doing more with less
KIC firmly believes that a clean and safe environment is the basic human need,
as well as the responsibility of KIC
as well as the responsibility of KIC
WHAT IS ESG?
Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria consider how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, and profit sharing.
HOW HAS KIC BEHAVED IN TERMS OF ESG?
Environmental
Over the years, KIC has been working with its supply chain to decrease the material weight per unit usage. KIC was the pioneer in this era and introduced the lightest weight per unit usage for our products in Korea market. Not only the polymer materials, KIC also worked with paper core vendors and paper materials in order to use the half weight paper core for PP strapping.
We believe PP strapping is an ultimate way of packaging to reduce the packaging materials because of its non adhesive characteristics and 100% recyclable when it is used for the packaging with the boxes compared with the OPP adhesive tape.
KIC is working on reducing the fresh water usage amount in plastic cooling after extruding. By using air and increasing its efficiency by altering the pipeline, KIC continues to develop the manufacturing process and cut the electricity energy.
Recently KIC launched Carbon Neutral strapping and has supplied to one of renowned multinational electronics companies since November 2020.
Social
KIC prioritizes the hiring of neighboring society resources. We value our community's growth and develop the internship program with the high school and university. KIC firmly believes that a clean and safe environment is the basic human need, as well as the responsibility of KIC.
Supply Chain Management: Assessing and managing social risks and impacts within the supply chain, including supplier diversity, labor practices, and human rights considerations.
Employee Well-being and Work-Life Balance: Supporting employee well-being and work-life balance through benefits, wellness programs, flexible work arrangements, and resources for mental health and stress management.
Governance
KIC has the labor-management council and profit sharing for the job invention compensation.
Public Hearings: KIC may conduct public hearings to gather input from customers and end users on KIC's service and products.
Transparency and Disclosure: Providing transparent reporting on ESG performance through disclosures such as sustainability reports owing to Small and Medium Business Venture Promotion Corporation Dept.
Training and Education: Providing training and education for employees and middle logistic buyers on ESG principles, goals, and best practices to promote awareness and understanding throughout the organization.
