Samsung C&T Corporation Csr Report 2016
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SAMSUNG C&T CORPORATION CSR REPORT 2016 About This Report This Corporate Social Responsibility (CSR) Report is the first regarding the newly combined Samsung C&T since the merger in 2015. It de- scribes our annual achievements and activities in CSR management as a combined company to our external stakeholders. Reporting Standard This report is based on the Global Reporting Initiative (GRI) G4 Guide- lines and industry sector disclosures. In terms of the ‘accordance’ prin- ciples set forth in the G4 Guidelines, this report adheres to the ‘Compre- hensive Option.’ Reporting Period This report covers economic, environmental, and social achievements and activities from January to December 2015, with parts of qualitative description including board composition covering performances up to June, 2015. In terms of quantitative performance, data for the last three years is presented for time series analysis. Reporting Scope This report covers all sites and buildings in which our operations take place — both domestic and overseas. Samsung C&T Corporation and its subsidiaries’ financial performance reporting is based on a consolidated methodology, compiled in accordance with Korean version of Interna- tional Financial Reporting Standards (K-IFRS). Quantitative social and environmental data of 2013 and 2014 are reported based on aggregated data of the combined Samsung C&T (Engineering and Construction, Trading and Investment, Fashion, Resort). Queries and Comments about the Report Corporate Strategy Office Planning & Management Team, Samsung C&T Tower2, 145, Pangyoyeok-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea E-mail: [email protected] Tel: (82) 02- 3459-3012 Contents About This Report 02 Our CSR Letter to Stakeholders 04 Our Approach 06 Building Our CSR 07 Our Action 08 Act Developing the Community 12 Importance of Safety 14 Supporting Our People 17 Caring for Customers 18 Sharing Growth with Partners 20 Protecting the Ecosystem 22 Fair Operation 24 Creating Opportunity 25 Performance Economic Values Economic Performance 28 Governance 30 Social Values Increasing Customer Value 32 Fostering Employees 34 Responsible Partnership 37 Safe Work Environment 39 Compliance Management 41 Supporting the Local Community 43 Environmental Values Environmental Risk Management 45 Reducing Environmental Impact 46 Appendix Company Profile 49 Stakeholders Engagement 50 Materiality Test 52 Independent Assurance Report 55 Independent Assurance Report on 57 Greenhouse Gas Emissions GRI G4 Index 58 ISO 26000 61 Awards and Association Memberships 62 CSR Glossary 63 4 SAMSUNG C&T CorporatioN Letter to Stakeholders Message from the CSR Chairman We greatly appreciate your unwavering trust and support in Samsung C&T Corporation. With the vision of fulfilling our corporate social Third, we will create synergy across our business groups responsibilities and to enhance communication with to promote corporate social responsibility throughout various stakeholders such as shareholders, customers, Samsung C&T. By setting up a comprehensive CSR partners and employees, the CSR Committee at Samsung system and sharing exemplary cases of CSR activities C&T was established under the Board of Directors in within Engineering and Construction Group, Trading and October 2015, and consists of three independent directors Investment Group, Fashion Group and Resort Group, we and a single executive director. shall promote CSR and ultimately improve the level and awareness of CSR across Samsung C&T as a whole. The CSR Committee, as a contributor to society by creating economic, environmental, and social value, aspires to Lastly, we will actively seek out business opportunities enhance Samsung C&T by strengthening accountability that align with the environment and local communities. and sustainability through responsible CSR management. Our efforts will contribute towards creating social value, environmental value and economic value simultaneously. In order to meet our purpose, we have specifically set out four key strategies which we believe will foster the process We hope this report serves as a valued communication to reach our vision of ‘Achieve sustainable development channel through which we share our CSR management through corporate social responsibility.’ achievements and activities with our stakeholders. First, we will further enhance communication with our Dear respected shareholders, the CSR Committee will stakeholders. To live up to the expectations and needs endeavor to fulfill the social responsibilities of Samsung of our stakeholders, we will do our best and cooperate C&T in 2016. with external professionals and experts in various fields including social contribution, environment and safety Your continued support and involvement will be greatly among others. appreciated. Thank you. Second, we will increase our CSR risk management capability and future competitiveness for sustainable growth. We are well aware of the responsibilities we carry as a global corporate citizen and we will continue to establish business operation systems that consider people and the environment throughout our entire value chain. CSR Committee Chairman, Hyun Soo Lee CSR Report 2016 5 Our Approach 1 In order to grow sustainably and increase com- petitiveness, we have laid the foundation for CSR Vision and mid- and long-term CSR management activi- Strategic Tasks ties through our CSR Vision, the four strategic goals and according tasks. Building Our CSR Samsung C&T 2 CSR CSR Framework Within the CSR Committee under the Board of Directors, which was newly established Our in 2015, we discuss and decide upon material CSR issues and Action implement CSR led by manage- ment. 3 We strive to promote sustainable growth while fulfilling our social responsibilities by aligning Implementation of our strategic CSR goals to the on-going mid- CSR Strategies and long-term business plans of the four Sam- sung C&T groups. 6 SAMSUNG C&T CorporatioN Our Approach CSR Vision & Strategic Tasks Changes in the business environment, Intensified competition, Profitability decrease, Increase in CSR risks Need for new growth CSR Increased momentum management sustainability Competitiveness reinforcement, Balance between short-term performance and long-term vision, Balance between financial performance and social contribution Achieve sustainable development through corporate social responsibility Vision Core Values Authenticity Responsibility Synergy Innovation Strengthen Communication Increase Synergy for CSR Across Manage CSR Risks Create CSR Opportunities with Stakeholders the Business Groups • Respond to stakeholders’ • Establish management • Establish an integrated CSR • Discover future growth engines interests and demands for social systems for health and safety, system to share and spread CSR by considering social and responsibilities environment, and compliance best practices among business environmental impacts Strategic Goals • Ensure trust by reinforcing that meet global standards and groups • Pursue both economic profit and communication expectations social benefits Engage with stakeholders and Reinforce CSR risk management Establish CSR operational Create business opportunities diversify communication channels within general business process framework which hold shared value • Enable communication for internal • Establish a supplier CSR risk • Increase employees’ awareness • Find business models that create and external stakeholders within management system, integrate of CSR management, build shared value, etc. Strategic Tasks the business value chain, publish the management of business and an integrated framework to a CSR report which combines all CSR risks, etc. implement CSR, etc. four business groups, etc. Supporting Our People (p.17) Importance on Safety (p.14) Developing the Community (p.12) Creating Opportunity (p.25) Caring for Our Customers (p.18) Fair Operation (p.24) Protecting the Ecosystem (p.22) Sharing Growth with Partners (p.20) Activities and Reported Pages CSR Report 2016 7 Building Our CSR CSR Framework CSR Committee Constituents • 3 independent directors, 1 executive director Members • Hyun Soo Lee (Chairman), Sung Bin Chun, Jae Choul Kwon, Bong Yung Kim • Non-executive Advisors (external experts to proceed with CSR advisory and research projects) Role • Establish CSR strategies and monitor their execution • Conduct CSR related studies and consider their adoption into the company’s CSR policy Operation • Report meeting results to the Board of Directors • Held in October and December of 2015 Committee Activities • The first CSR Committee Elected Hyun Soo Lee, an independent director, as Chairman Reported activities of business groups on CSR management and reviewed future operation plans Selected first research project (Assessing our company's current CSR level and future plans) • The second CSR Committee Reported results on first research project (Assessing our company's current CSR level and future plans) and established directions for strategies Reported plans for publishing 2016 CSR report integrating four business groups CSR Implementation Roadmap 2015 2016 2017~ • Launch CSR Committee • Publish 2016 CSR Report • CSR management roll-out • Conduct research project on “Assessing our • Raise CSR awareness • Generate opportunities through creation of company's current CSR level and future plans” • Strengthen ties with stakeholders shared value • Train persons in charge of CSR within each Group Various efforts are necessary for Samsung C&T’s CSR management to be globally recognized as