Songwon demonstrates environmental stewardship with its first Sustainability Report
• Songwon’s Sustainability Report fully complies with GRI (Global Reporting Initiative)
Ulsan, Korea – September 5, 2013 – Songwon Industrial Group (songwon.com) is pleased to announce it has completed its first Sustainability Report. The Songwon Sustainability Report is an organizational report that gives information about economic, environmental, social and governance performance and is part of a systematic sustainability reporting initiative that gives comparable data, with agreed disclosures and metrics.
By delivering this Sustainability Report, Songwon has recognized that true leadership in the industry requires stewardship both in terms of economic as well as ethical values. Sustainability, as well as safety, is interrelated with other key performance metrics such as innovation and operational effectiveness.
In achieving its growth aspirations, Songwon is committed to producing and selling products that use less of the Earth’s resources, a process that it considers and implements throughout the full value chain. Top level operational effectiveness is based on top level performance in terms of cost and quality as well as service, safety and environmental impact and, in most cases, the performance of these metrics is interrelated.
The Report fully complies with the stringent guidelines of GRI (Global Reporting Initiative), a non-profit organization that promotes economic, environmental and social sustainability. It is widely recognized that GRI provides a key platform for communicating positive and negative sustainability impacts and provides all companies and organizations with a comprehensive sustainability reporting framework that is widely used around the world.
Jongho Park, Chairman, CEO and Head of the Songwon Industrial Group Executive Committee said: “Measuring and communicating our sustainability performance to our stakeholders is of primary importance. For that reason Songwon has decided to incorporate a GRI based Sustainability Report into the 2012 Annual Report.
The Sustainability Report covers all Songwon majority owned manufacturing and business entities and we are committed to maintaining sustainability reporting as part of our vision to be Salient in Additives by achieving sustainable and profitable growth. A key sustainable feature of our operations is our proprietary technology and being fully back-integrated in combination with recycling waste, reducing our water usage and eliminating transport and packaging from outside suppliers. This has also influenced our choice of partners who share the same values.”
About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is a leading producer and seller of Songnox® Antioxidants, Songnox® One Pack Systems, SABO®STAB, Hindered Amine Light Stabilizers, Songsorb® Ultraviolet Light Absorbers, Songstab™ Acid Scavengers, Songstab™ PVC Stabilizers, Songcat™ Tin Intermediates, Songcizer™ Plasticizers for the plastics industry, as well as lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals. The Songwon Group of Companies includes Songwon Industrial Co., Ltd., Songwon Holdings AG, Songwon International AG, Songwon International – Japan K.K., Songwon China Ltd., Songwon Industrial Co. Ltd. Representative Office Bahrain, Songwon Additive Technologies AG, Songwon Additive Technologies-Americas Inc., Songwon ATG GmbH, Songwon International – Americas Inc., Songwon International – India Pvt. Ltd., Songwon Trading Co. Ltd, Songwon Chemicals Co. Ltd. and Songwon Baifu Chemicals (Tangshan) Co., Ltd., Songwon Additive Technologies - Middle East FZE, Polysys Additive Technologies – Middle East LLC and Chemservice Asia Co. Ltd.
Songnox and Songsorb are registered trade marks of Songwon Industrial Co., Ltd.
Songcat, Songcizer and Songstab are trade marks of Songwon Industrial Co., Ltd.
SABOSTAB is a registered trade mark of Sabo S.p.A.
Salient in Additives
Salient from the Latin Verb ‘salire’ to leap or leaping. As an adjective, meaning the most noticeable, prominent or important. Salient Songwon, leaping ahead in the world of Polymers; a prominent global supplier of chemical additives.
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