Doosan Corporation established ‘Doosan Way’ in 2012 to make ‘Proud Global Doosan’ and it stands firmly on its will to practice social responsible management. Furthermore, we established the corporate CSR strategy to respond preemptively to the demands and evaluations about diverse, domestic and foreign social responsible management; the CSR strategy includes CSR goal, mission, 3 strategy directions, 7 CSR prioritized agendas and enablers. Doosan Corporation Industrial Vehicle practices CSR management based on its CSR strategy. For a more effective CSR management, Doosan Corporation Industrial Vehicle established a task force and built an operation system to conduct its strategic agendas in 2013.
As our top decision-making body in relation to CSR management, the CSR Committee of Doosan Corporation is responsible for setting strategic CSR directions, reviewing CSR-related business operations, identifying possible improvements and examining executional plans. The committee is chaired by the leader of Doosan Corporation Business Division, and is attended by the leaders of respective Business Groups/Business Units and the Administration Center as well as key executives from respective business areas. There are five subcommittees – HR, EHS, R&D, Supply Chain and Corporate Community Involvement – that are led by executives from relevant areas. Our Business Group/Business Unit leaders are engaged in the committee’s operation to offer momentum to the CSR initiatives undertaken in each of our Business Groups/Business Units. Members of the five subcommittees are authorized by the CSR Committee to undertake improvement tasks in each of their subcommittees, and report their achievements and future plans through the CSR Committee on a half-yearly basis.
The CSR Team is dedicated to systematically executing our CSR operation, along with the subcommittees that consist of working-level staff from respective Business Groups/Business Units. The CSR Team performs annual economic, social, environmental assessments to identify our economic, environmental and social risks and opportunities, and reports outcomes to the CSR Committee. In so doing, the CSR Team and subcommittees identify improvement tasks and set action plans while members of the five subcommittees report to the CSR Committee their respective operational status and action plans. Furthermore, we publish our CSR reports to communicate with our internal/external stakeholders in relation to our annual achievements and plans that are reported through the CSR Committee. Our CSR reports undergo review and approval by the CSR Committee prior to their publication.
We perform annual CSR assessments in the 2nd half of e ach year to effectively undertake and manage CSR initiatives across the board. Such assessments consist of preliminary paper-based questionnaires and on-site interviews. Assessment outcomes are used to identify and prioritize areas with substandard management criteria and to define and undertake improvement tasks concerning major issues. Furthermore, these assessments and on-site interviews are also performed in our overseas worksites in 2016 as part of our endeavors to gradually expand CSR management.
Since our CSR operational system was established in 2013, we have been voluntarily conducting CSR assessments and identifying improvement tasks so as to continuously elevate our CSR performance. These endeavors enabled us to be listed on the Dow Jones Sustainability Index Asia Pacific Class in the Industrial Conglomerates category for two years in a row in 2014 and 2015. We were also rated A in the ESG evaluation performed by the Korea Corporate Governance Service in order to recognize sustainable companies that meet their social responsibility among domestic listed companies.