Doosan Group declared its firm resolution to practice CSR management and create a “Proud Global Doosan” on the basis of “Doosan Credo”. Moreover, to anticipate and promptly respond to the various CSR requirements and standards within and outside Korea, a group-wide CSR strategy has been established consisting of clearly-defined objectives and missions, in four key areas and ten priority tasks. Doosan Corporation has been practicing CSR management based on Doosan Group’s CSR
value framework. In particular, as the necessity to increase business values through CSR is growing within society, we added ‘CSR Value Creation’ and expanded the CSR area, which used to focus on CSR risk management activity such as meeting legal regulations and industrial standards, to understanding and creating social values.
CSR Governance
Doosan’s CSR decision-making assembly consists of CSR Committee, CSR Subcommittees, and BG/BU level CSR Operation Meeting that is operated in accordance with the initiative body.
· CSR Committee
As Doosan’s supreme decision-making body, the CSR Committee develops CSR strategic directions, reviews CSR-related management activities, and inspects the progress of improvement tasks and implementation plans. The CSR Committee is composed of representatives from all of the company’s BG/BUs, Corporate Center, and Administration Center, as well as executives from its key departments. CEO of Doosan Corporation serves as the chairperson, with the relevant officers assuming responsibility for seven subcommittees, namely, the human rights, EHS, R&D, shared growth, ethics, personal information, and social contribution. The heads of BG/BU participate in the CSR Committee as members to enable each business division to aggressively promote CSR activities. The CSR Committee holds two meetings per year, which serve as a forum for designing improvement plans through in-depth discussion on key CSR issues.
· CSR Subcommittee
Seven CSR subcommittees are formed in categories of human rights, EHS, R&D, shared growth, ethics, personal information and social contribution, they discuss relevant CSR issues on a quarterly basis. The related matters are shared to BG/BU Operation Meeting and reported to CSR Committee.
· BG/BU CSR Operation Meeting
The entire BG/BUs of Doosan Corporation separately run operation meetings for discussing CSR issues and making decisions periodically. An operation meeting is supervised by the head of each BG/BU and carried out by the executives and relevant team leaders every quarter. During the meeting, contents discussed at CSR Committee and Subcommittees are shared, and key activities to be handled at BG/BU level are established for improvement activities.
Key CSR Activities
· Operation of the CSR team
Doosan Corporation operates a CSR team dedicated to carrying out CSR management more effectively. The CSR team diagnoses the CSR management activities in order to survey economic, environmental and social risks and opportunities, and identifies and carries out improvement tasks for each subcommittee and BG/BU based on this. In addition, the team establishes a direction of CSR operation at company level and identifies CSR trends frequently to share with the management and subcommittees.
· External Communication of CSR Performance
Doosan Corporation publishes its CSR report each year in order to transparently communicate its achievements and plans with its stakeholders inside and outside. Doosan prepares for DJSI (Dow Jones Sustainability Indices) assessment that comprehensively evaluates economic, social and environmental performance of global companies around the world, and has been included in ‘DJSI Asia Pacific’, which refers to businesses of the Asian region in the top 20%, for five consecutive years. Doosan has been rated A or above since 2011 in the ESG (Environment, Social, Governance) evaluation conducted by Korea Corporate Governance Service. In 2018, we obtained overall A+ with governance (A), environmental (A+) and social (A+).
