KT&G has established a climate change risk management process to cope with climate change. We are planning to improving the risk management process by integrating it with the business strategy.
Climate Change Risk Management Process
ESG Planning Team & relevant departments Executive Board of Directors
Identify Risks & Opportunities
KT&G annually conducts climate change risk management process to ensure that climate change issues are considered in all management decisions. We create a long list for climate change risks and opportunities to establish short, medium and long-term approach through internal evaluation, executive review and external consultation.
Manage and Respond
The executive reviews the climate change risks and opportunities approach and their linkage to company’s business strategy. By reviewing the necessary mid- to long-term investment expenditures or financial resources, the executive will consider them in the overall business plan.
Monitoring and Evaluation
To efficiently manage the impact of climate change risks and opportunities, we are considering to establish monitoring and evaluation system. Also, we will include those in KPIs and organizational management performance.