Daedong Releases 2025 Group ESG Report
Showcasing Core Achievements and Future Strategies
Daedong Releases 2025 Group ESG Report
- Second publication following the inaugural 2024 ESG report, reinforcing Daedong’s commitment to ESG-driven management
- Double materiality assessment conducted to identify key issues, with stronger emphasis on climate action and alignment with global ESG standards
- Mid-to-long-term roadmap for Life Cycle Assessment (LCA) unveiled to strengthen the foundation for sustainable product development
Daedong (Co-CEOs: Kim Jun-sik and Won Yu-hyun), a leader in future agriculture, announced on July 1 the release of its “2025 Daedong Group ESG Report.” The report highlights ESG (Environmental, Social, and Governance) achievements across the group’s core companies (Daedong, Daedong Mobility, Daedong Gear, and Daedong Metal).
Building on the company’s first-ever ESG report published in 2024, this second edition provides a comprehensive overview of ESG performance and strategies over the past year, underscoring Daedong’s strong commitment to sustainable and responsible growth. The report is especially meaningful as it goes beyond basic disclosure. It presents more advanced initiatives, including the establishment of a group-wide ESG management framework and enhanced measures to address environmental and climate-related risks. Through these efforts, Daedong has strengthened its sustainable management capabilities and laid a stronger foundation for long-term value creation.
A key feature of this year’s report is the application of a “double materiality assessment.” This approach considers both the impact of the company’s business activities on the environment and society, and the influence of external factors on its financial performance. Based on this assessment, Daedong identified its core ESG priorities. The results highlight climate action, workplace health and safety, and the pursuit of new growth engines as critical ESG focus areas for the group. For each of these priorities, the company has analyzed potential opportunities and risks, and developed tailored response strategies. The report also underscores the advancement of ESG management by presenting a “mid- to long-term roadmap for product Life Cycle Assessment (LCA),” laying the groundwork for sustainable product development.
It incorporates the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), offering a quantitative analysis of climate-related risks and opportunities, together with corresponding response strategies and carbon reduction targets. The report aligns with the United Nations Sustainable Development Goals (SDGs) and has been prepared in accordance with global frameworks such as the Global Reporting Initiative (GRI) Standards. Its reliability has been further reinforced through third-party assurance in line with the international AA1000 Assurance Standard. In addition, the report highlights initiatives in human rights management, ethical and compliance management, and the development of a sustainable supply chain, reflecting the company’s strong commitment to social responsibility.
Daedong is enhancing its ESG management framework not only by adopting global standards but also by strengthening transparency and independence in corporate governance. In 2024, the company established both a Nominating Committee for Outside Directors and a Compensation Committee, each composed entirely of independent directors. The Nominating Committee ensures a fair and transparent process for appointing outside directors. The Compensation Committee reviews and sets executive compensation policies, reinforcing balance and accountability in management practices.
This year’s report also unveils a mid- to long-term roadmap for “building and embedding a Life Cycle Assessment (LCA) framework” to measure the environmental impact of products across their entire life cycle. By 2030, the company aims to secure comprehensive environmental impact data for its full product lineup and build a foundation for strategic improvements. The scope of product categories subject to LCA will be expanded in phases. Through these initiatives, Daedong seeks to provide transparent data to customers and stakeholders while further strengthening the competitiveness of its eco-friendly products.