To become a top global company that can ensure its survival in the future, CJ CheilJedang creates the
two core values, health
and safety and sustainable environment, across the purchase of raw materials, production, consumption, and disposal. To do so,
we aim to achieve the virtuous cycle of Nature to Nature in which we obtain resources from nature, provide food to consumers,
and return the resources to nature.
Key strategic tasks
The key strategic tasks are linked to our core values, Sustainable environment, Health and Safety.
We selected tasks as follows, based on their external priority and impact on business.
|Core Values||Category||Strategic Tasks||Task Details||UN SDGs|
|Environment||Responding to Climate Change||Respond to climate change risks and achieve carbon neutrality by 2050|
|Procurement of Sustainable Materials||Increase sourcing of material with enhanced traceability and transparency|
|Eco-Friendly Packaging||Develop reusable·recyclable packaging material and reduce waste|
|Development of Eco-Friendly Materials Solution||Develop large-scale solutions solutions including PHA using a variety of White Bio technologies|
|WELLNESS AND SAFETY||Social||Zero Human Rights Risk||Preemptively manage human rights risks human rights risks for stakeholders|
|Organizational Culture based on DEI||Establish organizational culture based on Diversity, Equity, Inclusion|
|Governance||Enhancement Of Health And Nutrition||Establish CJ Nutrient Policy and expand portfolio of health-oriented products|
|Sustainable Supply Chain||Identify and manage ESG risks of suppliers at an early stage|
Corporate Sustainability Governance
We established sustainability management governance to secure our ability to implement consistent
and comprehensive sustainability
management and preemptive risk management in order to facilitate timely ESG-related decision-making. To this end, we established
the Corporate Sustainability Committee under the BOD, the highest decision-making body, the Corporate Sustainability Council chaired
by the CEO, the Sustainability Team, and a council composed based on the core ESG agenda.
Establishment of the ‘Compliance Management System (CMS 2.0)’
CJ CheilJedang established its CMS (Compliance Management System) 2.0 to forecast risks and take effective measures against them. To enhance existing compliance management, the new system identifies and categorizes potential risks that may occur in each organization. It establishes control measures for each risk and clarifies the R&R of the department in charge (designing, managing, and supervising essential control activities for each risk) and the lead department (conducting activities according to the design of the department in charge) so that the Compliance Team can act as the company-wide risk control tower to organically manage risk across the lead departments, departments in charge, as well as the BOD and its committees.
ISO 37301 (compliance
CJ CheilJedang obtained the standardized ISO 37301(compliance management system) certification in December 2020 and is maintaining the certification through regular post management assessments. The most recent post assessment was conducted in October 2021.
With the expansion of its global business, CJ CheilJedang’s compliance issues outside of the country have also increased. In response to the need to strengthen the legal and compliance management and response of overseas subsidiaries, we identified 54 global compliance obligations based on the global ethical management policy. In addition, we plan to continuously advance global compliance management by setting priority global compliance obligations and directions.
Situation Supervision Team CJ CheilJedang takes a three-step approach to potential risks in 16 categories, covering the environment (including climate change), industrial safety, quality, and processes, according to severity. We operate a company-wide risk management system to swiftly report and take countermeasures, within 24 hours, through the Risk Response Division whenever a risk is determined to be a major risk. In addition, we utilize an integrated risk management process to prevent any potential confusion or delays that may arise from a risk occurrence, initial recognition of the risk, or response measures.
CJ CheilJedang is working to identify and preemptively respond to potential risks that can occur in its Food and BIO industries.