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2020 Jpdc Sustainability Report Jeju Province Development Co

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2020 Jpdc Sustainability Report Jeju Province Development Co Registration no. of publication 2129-11-2020-245 2020 JPDC SUSTAINABILITY REPORT JEJU PROVINCE DEVELOPMENT CO. DISCOVER THE VALUE This Report can be downloaded in a PDF format from JPDC’s website : www.jpdc.co.kr. 2020 JPDC Sustainability Report (DISCOVER THE VALUE) Publisher : Kim Jeong-hak Head of productions : Lee Kyung-ho Department in charge : Business Innovation Team Head Office : Namjo-ro 1717-35, Jocheon-eup, Jeju-si, Jeju Special Self-governing province Tel : +82-64-780-3300 Homepage : www.jpdc.co.kr/eng This report is printed in soybean oil on eco-friendly paper. CONTENTS About OUR report Period and Cycle of the Report This report is JPDC’s first report drafted based on activities from January 2019 to September 2020. Sufficient data is provided for the stakeholders. Scope of the Report We are disclosing information on JPDC's performance in sustainability management. Data on major ESG issues such as financial performance, GHG emissions, current status on health and safety are from our corporation’s temporary office complex as well as 3 business sites. Reporting Principles This report is the first publication of JPDC which includes the company’s execution of social responsibility management and is based on the Core Option of the Global Reporting Initiative (GRI) Standards, an international guideline for sustainability management. We have organized our 4 sustainable management topics based on the material issues selected through our analysis on current internal management, external environment, and stakeholder engagement. Please note that the selection of reported topics, our approach, major achievements and plans are described in the form of MA (Management Approach). Verification of the Report In order to transparently deliver JPDC's performance in sustainability management to its stakeholders, this report has been verified by KMR (Korea Management Registrar). Based on DISCOVER THE VALUE AA1000AS (2008), the principles of Inclusivity, Materiality and COVER STORY (Drawing future values) Responsiveness were applied and was assessed in accordance with The cover page symbolizes the bedrocks of Type 2 Moderate standards of verification. For more information, Jeju’s volcanic island and its groundwater please refer to pages 100-101 of this report. that lies underneath. Using Jeju’s natural resources of volcanic rock water, ‘Jeju Samdasoo’ has grown into South Korea's Navigator Button Number One brand and has contributed to the regional community. Similarly, we are Cover page Previous page Next page presenting our goal to contribute to the regional community through sustainable management that leads the future of Jeju. Contents Homepage Pure Jeju, where people and nature co-exist We pay attention to Jeju’s today. We think of Jeju's tomorrow. Jeju Island, land teeming with nature and resources The beautiful Jeju Island is loved by not only our nation but by people worldwide. Its exquisite natural environment and geographical location, unique ecology and distinctive culture makes Jeju Island even more special. Thanks to the well-preserved natural environment created uniquely from volcanic activity, UNESCO has designated and listed Jeju Island as a World Heritage site, a Biosphere Reserve, and a Global Geopark. As Jeju's residents and all mankind’s precious asset, the nature of Jeju must and deserves to be preserved. Jeju Island, an island that dreams of sustainable development Jeju Island is a Free International Capital City that is stepping forward as a world-renowned city. As of the end of 2019, the current population of Jeju island is 650,000 with about 10 million tourists visiting each year. As a result, Jeju Island's living and economic environment are also facing significant changes. In order to create a satisfying community of Jeju, we must find a way to preserve the nature of Jeju and co-prosper with the residents. It is time to establish a new vision that seeks harmony between growth and preservation as well as sustainable development. 2020 JPDC SUSTAINABILITY REPORT REPORT 2020 JPDC SUSTAINABILITY 02 03 JPDC, Pure Jeju’s partner for growth We raise the value of Jeju. We dream of Jeju's future filled with happiness. JPDC, growing for the future and dreams of Jeju Island. JPDC was established in 1995 to create value by utilizing Jeju's pure resources and to promote the welfare of the residents as well as development of the community. To fulfill its purpose, JPDC is uncovering and pursuing businesses that are suitable for Jeju's special environment and circumstances. JPDC, which had sales of 330 million KRW, net profit of 57 million KRW with 19 employees at the start of its establishment, has been marked as a leading example of a public enterprise's successful growth by recording the sales of 297.3 billion KRW and 788 employees in 2020. Public value as a growth engine Our corporation continues to pursue regionally intimate policies and initiatives alongside the community, which is difficult for profit-seeking companies. Jeju Samdasoo, JPDC's representative product that is produced by utilizing Jeju's pure groundwater, is continuing its growth after placing 1st in market share for drinking water within 3 months of its launch. Businesses from processing Jeju’s local product of mandarin oranges is also benefiting the island's residents. Additionally, JPDC carries out Jeju's development projects through public businesses such as projects for supplying public residences, housing projects, various construction projects and actively executes community businesses for the island residents. JPDC, creating value and returning it to Jeju Island As Jeju Island's exemplary resident-oriented company and a public corporation, JPDC returns the earnings from its businesses to the local community and achieves social value. Since JPDC's founding, the company gave back 254.7 billion KRW to Jeju Island, approximately half of the 595 billion KRW it generated by 2019. JPDC is carrying out research and analysis on groundwater conservation and management, raising funds for preserving the environment around the water collection points, and ceaselessly making investments with the purpose of 2020 JPDC SUSTAINABILITY REPORT REPORT 2020 JPDC SUSTAINABILITY the public interest for a balanced growth of the community. Also, it proactively supports public businesses that underpins the environment, the society, talent development, better welfare, etc. for all residents of Jeju Island including the marginalized groups. In the future, JPDC plans to select and proceed with a variety of community-specific social contribution projects that residents can tangibly see and co-prosper with the society, including social contribution projects that reflect its business characteristics and that encourage mutual development with local small and medium-sized enterprises, etc. 04 05 JPDC's Field of Business We uncover Jeju's resources. We create new value. JPDC's business based on public interest BUSINESS FOR JEJU On top of its drinking spring water business that creates added value to Jeju’s natural resources, JPDC is carrying out beverage businesses, regional development businesses, community businesses, etc. Every business by JPDC is motivated by ‘public interest’ that can be beneficial to Jeju Island's residents. It is one of our major goals to develop Jeju Island's natural environment in sustainable, value-creating ways, and contribute to the happiness of all residents on the principles of safety and trust. While maintaining this basic ideology, achieving steady and sustainable development in business is a major goal for JPDC. Drinking Spring Water Regional Development 1 Business 3 Business Natural Mineral Water Public Housing Since its release in 1998, Jeju We pursue development projects to ensure the Samdasoo has maintained its place residents' housing welfare and to secure a growth as Number 1 in market share for engine for the future of Jeju Island. We, therefore, carry drinking water, leading the growth of out residential welfare projects for a stable housing Community Business Korea's drinking water market. environment for the residents including public rental 4 Social Contribution By taking advantage of Jeju Island's Mandarin housing projects and urban renewal projects. clean water resources, JPDC has We also implement public development businesses We pursue a variety of businesses that put the local created value and have raised Jeju 2 Processing such as building industrial complexes, developing communities' gains before the company's profit. We Samdasoo as global brand through Business public infrastructure and constructing community- support all community businesses that increase Jeju strict quality management and based facilities etc. resident's benefits including the environment, the Mandarin Processing innovative production systems. society, talent development, and welfare and actively pursue projects for talent nurturing such as scholarship Jeju mandarins are Jeju's representative businesses, contests, as well as projects for stable local product and a significant source of student housing. income for the residents. For the revitalization of the Jeju mandarin business and for creation of added value, JPDC operates a mandarin processing 2020 JPDC SUSTAINABILITY REPORT REPORT 2020 JPDC SUSTAINABILITY plant to maintain stable commercial value and support for the agricultural business. As a part of the Jeju mandarin processing business, we introduced a beverage brand of ‘Jeju Samdasoo Jeju Mandarin’ in 2011. 06 07 JPDC's Field of Business Jeju Samdasoo,
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