CJ CheilJedang’s Goals
CJ CheilJedang pursues core shared values of ‘Health and Safety’ and ‘Sustainable Environment’ across the overall business
management activities to achieve the virtuous circle of ‘Nature to Nature’.
Establish a Sustainable System to Achieve
Strengthened ‘Health and Safety’ Value
Health and safety is our top priority across all processes from
procurement to development, production, sale, and disposal. We
will build processes to thoroughly check and prevent economic,
social, and environmental risks within the company throughout the
entire supply chain.
Establish a Sustainable Environment System
CJ CheilJedang recognizes that the manufacturing and use of
products have a potential impact on the environment. To fulfill our
responsibility, we will establish our own environmental management
system to create environmental values regarding the plastic
recirculation system, carbon emissions, and food waste reduction.
Business Department for Sustainability Management
For systematic sustainability management, we organized the cooperation department of each division, the Business Department for Sustainability
Management that integrates these cooperation departments, and the committee for policy suggestions and joint discussion for each issue..
CJ CheilJedang implements company-wide joint discussion over each agenda to enhance its sustainability. In 2018,y
we established the Social Contribution Committee to ensure the transparency of purposes and processes regardingy
the use of donations and contributions. The committee members include CEO, CFO, compliance officer and CSRy
director. Under the Company-wide Risk Response Operating Committee, we run a company-wide risk system to takey
measures promptly for major risks and the committee is composed of On-site Response Team, External Responsey
Team, and Internal Operating Support Team.
CJ CheilJedang identifies financial and non-financial risks that affect its business management activities and defines potential risks that are
expected to have a major influence on its business in the future. Based on that, we conduct a thorough analysis and come up with countermeasures
to minimize their impact by running the dedicated management group.
Definition and Management of Major Risks
|Risks||Definition and Impact||Management Group||Management Method|
|Risks arising across the overall business management
activities regarding environment, industrial safety,
quality and process may affect reliability and profits
of the company. We thus operate the companywide
risk response division against the occurrence of
|Information security risks including threats to
cybersecurity undermine trust with consumers and
affect company profits. We thus operate the
in-house group that protects personal information
of consumers and confidential data of the company.
|Taxation||Since CJ CheilJedang runs business all around
the world, any compliance risk regarding local tax
regulations and institutions directly affects company
profits. We thus implement CJ CheilJedang Tax
Policy based on local tax policies and regulations.
Definition and Management of Emerging Risks
|Emerging Risk||Definition and Impact||Management Group||Management Policy|
|Risk of rapid
changes in the
price of raw
|Supply and cost risks may arise due to suddend
changes in the price of major raw materials andd
ingredients, which may have an impact on profit andd
|Exchange rate fluctuations may result in increased
uncertainty and changes in profit and loss.
|Risk of changes
|Inadequate response to changes in environmental
and safety regulations and policies that apply to our
business sites may cause legal risks, affecting the
operation of business sites.
|Environmental disasters, fire, industrial (severe)
accidents, health hazards, and electricity-related
factors are defined as the five major risks that may
occur in manufacturing sites. These risks may affect
the credibility of the company among employees and
|Changes in the population structure, such as an
increase in single-person households and female
workers, affect the overall food business and require
the introduction of new products that reflect customer
needs based on changing trends.