Sustainability
Environment
INVENI has a fundamental responsibility to protect the environment as a member of society. We will protect our home from environmental problems, and further build a sustainable eco-friendly ecology.
01
Environmental Management Policy
1
INVENI is fully committed to reducing greenhouse gas emissions and taking decisive action to combat climate change to achieve Net Zero 2050.
2
INVENI remains committed to building an ESG management framework that factors in the environment and integrating ESG principles.
3
INVENI continues to make ESG value investments for all stakeholders and future generations.
4
INVENI ensures the transparent disclosure of ESG-related information, including environmental aspects, to all stakeholders and maintains open communication.
5
INVENI fully engages in ESG-related policies, including environmental aspects, and strictly complies with the standards required under environmental, safety, and health regulations.
02
Environmental Management Strategy
Net-Zero 2050
INVENI is actively participating in the achievement of 'Net-Zero 2050' that minimizes any environmental issues from all business and challenges the climate-neutral goal.
1
Compliance of Eco-friendly Codes and Conventions
2
Investment for Environmental Management
3
Expanded to use low-carbon and ecofriendly energy
03
Environmental Management Outcome
1
GHG emissions status
(Annual Avg, tC02eq)
Alternative Investments
Stocks
9.4% emissions based on the GHG & Energy Target Management Companies of the ME(Ministy of Environment)
2
GHG emissions reduction activities
INVENI and its subsidiaries continue to draw nearer to carbon neutrality through a variety of external activities, in addition to their own greenhouse gas reduction activities.
Social
We are continuously promoting social contribution activities to develop the local community for the future generation.
01
Strategies of the Social Contributions
Improved the local environment and a bright and safe future for the next generation
1
Concentrated on children from economic and socially vulnerable classes
2
Prime supporter of the environment and safety according to the CRC (UN Convention on the Rights of the Child)
3
Discovered and promoted social contributions linked to key business
02
Social Contribution Activities
We are carrying out various social contribution activities to improve the safety of children and the environment.
1
Development of classroom forests
1
In an effort to foster emotional well-being and enhance the classroom environment for children, we are undertaking a classroom forest development project.
2
Fundraising activities
1
Every child should have equal rights under the UN Convention on the Rights of the Child. To uphold these rights, we engage in fundraising activities on an annual basis.
Governance
We consider 'business ethics' as the top priority in company management and corporate activities, pursue transparent and fair business practices, and strictly comply with laws and ethics.
01
Stakeholders
Major Shareholder and Related Parties
40.4%
Treasury Stocks
28.7%
Foreigners
9.1%
Domestic Institutions
0.7%
Domestic Individuals and Others
21.1%
※ As of December 31, 2024, In Stocks, %.
02
BOD
Executive Director
Koo Cha-Chul
Director (Chairman of BOD)
Assignment
Chairman of BOD
Date of Appointment
2020.05.08.
Date of Completion
2026.03.28.
Koo Bon-Hyuck
Director (CEO)
Assignment
CEO
Date of Appointment
2020.05.08.
Date of Completion
2026.03.28.
Choi Se-Young
Director (CFO)
Assignment
CFO
Date of Appointment
2021.03.30.
Date of Completion
2027.03.20.
Lee Jung-Chul
Director (CCO)
Assignment
CCO
Date of Appointment
2022.03.29.
Date of Completion
2028.03.20.
Lee Chang-Woo
Director (CHO)
Assignment
CHO
Date of Appointment
2025.03.20.
Date of Completion
2028.03.20.
Independent Director
Yoon Jong-Su
Director
Assignment
Members of the Outside Director
Audit Committee
Date of Appointment
2020.03.30.
Date of Completion
2026.03.28.
Shin Yoo-Chul
Director
Assignment
Members of the Outside Director
Date of Appointment
2022.03.29.
Date of Completion
2028.03.20.
Choi Joon-Hyuk
Director
Assignment
Members of the Outside Director
Audit Committee
Date of Appointment
2023.03.28.
Date of Completion
2026.03.28.
Joo Jae-Hyeong
Director (Chairman of audit committee)
Assignment
Audit Committee Chair of the Independent Directors
Date of Appointment
2024.03.20.
Date of Completion
2027.03.20.
Sub committee
Audit Committee
Chairman
Joo Jae-Hyeong
Independent director
Member
Yoon Jong-Su
Independent director
Choi Joon-Hyuk
Independent director
Official Authority
Independent supervision of the director’s work
ESG Committee
ESG Committee
Chairman
Yoon Jong-Su
Independent director
Member
Koo Bon-Hyuck
CEO
Shin Yoo-Chul
Independent director
Choi Joon-Hyuk
Independent director
Authority
Approval of ESG Strategy Direction and Policy and others
External Auditors
PwC
Date of Appointment
2024.1
Period
2024.01.01 ~ 2026.12.31
Recent Audit Opinion
Unqualified opinion
03
ESG Evaluation
ESG Evaluation in 2024
General Rating
종합등급
B
Environment
C
Social
B
Governance
B+
04
A Code of Ethics
INVENI’s employees have to maintain and develop this ethical value and standards.
Code of Ethics
Practice Guidelines
Practice Programs
(Preamble)
INVENI established this ‘Code of Ethics and Practice Guideline’ as the standards for proper actions and value for all employees of INVENI based on integrity, the foundation of the management philosophy and promotes active implementation and continuous development thereof.
Chapter 1 Responsibilities and Obligations for the Customers
Customer Respect
Listen and respect the customer opinions and always believe the requests of the customers to be correct.
Customer satisfaction shall be the utmost standards in all determinations and actions.
Providing Genuine Information
Only genuine information shall be delivered to the customers and shall not distribute or provide false information.
Information shall not be concealed from customers and shall not slander competitor’s products nor make baseless comparisons.
Responding to Customers
Promise made with customers shall be kept at all times.
Shall respond quickly to customer’s proper requests for exchanges or returns.
Providing Value to Customers
Shall have ethics and sense of ownership and shall try to provide true and actual value to the customers based on mutual respect, consideration and trust.
Shall provide products and services that fit the requests of customers at reasonable prices and shall respond quickly and accurately to the customers’ proper requests.
Shall implement strict quality management in order to provide products that satisfy the customers’ expectations and requirements on quality reliability and safety.
Protecting the Customer Interests
Shall protect the properties of the customers as my own and shall not use without permission.
In case of acquiring customer information, such information shall not be used without permission nor disclosed.
Shall not conduct unethical actions that infringe on the interests and safety of customers.
Chapter 2 Fair Competition (Competitor)
Obtaining and Using Proper Information
Shall not acquire information or business secrets of competitors using improper methods.
Shall not improperly disclose information of competitors, even if acquired properly.
Any acquired information shall be used properly to not cause loss to consumers or competitors.
Securing Competitiveness Properly
Shall not appropriate nor improperly infringe on tangible and/or intangible assets owned by competitors.
Shall not slander nor make baseless comparisons another party through advertisements, etc. in order to secure competitiveness against competitors.
Prohibition on Improper Collusion
Shall not collude with competitors on retail price, retail conditions, local distribution to cause damage to customers.
Shall not create nor become a member of improper association or collusion groups with businesses in same industry.
Respecting the Laws and Commercial Practices
All business activities in Korea and overseas shall comply with all the laws of the concerned country and respect the commercial practices.
Shall comply with the OECD Convention on Combating Bribery of Foreign Public Official in International Business Transactions and Korea’s Act on Combating Bribery of Foreign Public Officials in International Business Transactions.
Chapter 3 Fair Transaction (Partner Companies)
Selecting Clients Based on Fair Procedures
Shall establish and implement ‘Regulations and System on Client Selection Procedure’ to select and register clients based on fair evaluation standards.
Specific evaluation criteria and evaluation method for the client selection procedure shall be selected by considering the characteristic of each business.
Personal relationships, such as blood relations, regionalism and school relationships and pressure and requests shall be excluded in selecting clients.
Fair Transactions and Evaluation
Win-win cooperation and mutual growth shall be realized through partnership with the partner companies.
Information necessary for transactions shall be mutually provided in timely manner and security measures shall be taken in advance to avoid damages from exposing the information to the outside.
Evaluations shall be conducted on a regular basis based on fair standards, and the evaluated transaction results shall be notified to the client and reflected on the following transactions.
Sound opinions proposed to improve the transactions shall be reflected on the work.
Must obtain approval of the client when using the client’s technologies or other assets.
Shall make fair compensation when a client incurs damages at the fault of the company.
Shall not conduct unfair acts prohibited by fair transaction related laws.
Maintaining Clean and Transparent Transaction
Shall not receive or request economic benefits, such as money, services, entertainment and other accommodations, etc. from clients.
Shall not make requests using special relations, such as blood relations, regionalism or school relations, nor exercise outside pressure using work positions in relation to transactions.
Shall not interfere with the partner company’s business activities by using information or technology of the partner company acquired during the process of transactions without prior approval of the partner company.
Supporting Partner Companies
Shall establish and comply with guideline to nurture partner companies in order to actually nurture the partner companies.
The aforementioned guideline shall stipulate the qualifications, rights and obligations of the partner companies and shall include operating standards to actual training, such as technical support and management guidance, etc.
Prohibition on Unfair Actions
The following unfair actions shall not be taken during the transactions with the partner companies and interested parties:Act of unfairly coercing purchase of other goods or products while providing goods or services;
Act of unfairly prohibiting transaction between the client and a competitor or act of unfairly restricting a transaction region or partner;
Act of increasing the selling price or decreasing purchasing price without discussion with the client;
Act of refusing proper request for return by the client or acts of refusing to accept ordered products or unfairly delaying or failing the product inspection;
Act of not fulfilling legal obligations on the payment conditions;
Act of unfairly treating transaction price, terms and conditions by discriminating specific clients;
Act of unilaterally changing or discarding contractual obligations with a client; and
Other unfair transaction acts prohibited by fair transaction related laws.
Chapter 4 Employee’s Basic Ethics
Maintaining Dignity as Employees of INVENI
Shall not conduct amoral and unethical acts that can damage the company honor and personal dignity.
Shall practice good manners necessary within the workplace and respect the privacy of others.
Shall not cause a trend of mutual distrust within the organization, such as creating or distributing various rumors and scandal.
Shall not conduct acts that cause reduced morale and damage the organizational culture, such as using abusive languages and demeanor, etc.
Shall not create factions or private groups according to school, gender, religion, familiar relationship, region, age, disability, marital status, nationality, race, etc.
Protection of Company Property and Important Information
Any occurrence or possibility of important and urgent situation that may cause loss to the company property shall be reported immediately and necessary measures shall be taken.
Company’s physical property, intellectual property rights and business secrets, etc. shall be protected strictly and shall not be used unfairly for personal reasons.
Shall not seek private benefits using one’s position and shall not conduct unfair transactions using undisclosed information obtained from the company.
Confidential information of the company shall be maintained securely pursuant to relevant regulations, and any disclosure of company information to the outside shall be approved by the company in advance.
Shall not unfairly disclose nor use important documents or information of the company through social network (Facebook, blog, café communities, etc.) or the internet.
Fair Performance of Duties
The following actions shall not be taken for fair performance of duties:
Act of receiving consideration from a stakeholder;
Act of joint investment, joint acquisition of property or cash loan with a stakeholder;
Act of illegally using company assets;
Act of neglecting duties, supervision or abuse of authority;
Act of promoting personal benefit using duties;
Act of fabricating documents or figures; and
Act of unfairly ordering work unrelated to duties.
Shall not receive consideration from a stakeholder related to work, and when consideration is received inevitably, it must be reported to the company.
Honest and Fair Reports
Shall not mislead a decision making of a superior or related departments by fabricating or falsely reporting documents and/or figures.
Shall record all transactions on a ledger pursuant to the principals of reliability and objectivity as the basis of accounting.
Prohibition on Unfair Acts Using Position or Duty
Shall not receive promises or request employment after retirement from a stakeholder related to duties during employment.
Shall not execute contract for a personal business with a stakeholder related to duties nor conduct transactions, such as leasing of assets or cash loans, etc.
A superior shall not impose nor impliedly request personal duties to the organization or subordinates.
A superior shall not order work unfitting under the law or company regulations to his/her subordinates. An employee receiving such order from the superior may refuse to perform the work, and he/she shall not be disadvantaged for informing the company of such fact.
Avoiding Conflict of Interest with the Company
Shall not directly manage or invest in an external company that may be in conflict of interest with the company.
Shall not be employed by a company in competition with the company nor provide consultation or advice against the interest of the company.
When employed by another company or performing work similar to the current duties at another company, such shall be approved by the company in advance.
Shall not trade company stocks using inside information and shall not recommend transaction of company stocks to others.
Shall not select a company managed by a family or relative a transaction partner company nor exercise influence to conduct transaction.
Prohibition on Workplace Sexual Harassment
Shall not make jokes that cause sexual seduction or sexual shame nor acts that infringe on personal human rights and reduce work motivation through physical contact within the workplace.
Always be aware and careful that one’s acts and words can cause mental and physical damage to others.
Shall make sure to not cause interference with company life and infringe on another’s personality from workplace sexual harassment, without regards to one’s position within the company.
Prohibition on Political Activities
The company respects personal political rights and political opinions, but shall not be involved in politics as an employee of the company.
Shall not provide illegal contributions or funds to political organizations, political parties or candidates.
Compliance with Code of Ethics
Shall diligently comply with the code of ethics and be responsible for any violations thereof.
Shall report to the company’s value management team, a department responsible for ethical management, when forced to act against the code of ethics or become aware of unfair acts.
Chapter 5 Company’s Responsibilities for the Employees
Human Resources Development
The company shall establish, support and vitalize a system necessary to train the employees as independent and creative talents.
A superior shall provide necessary advice and guidance to train his/her subordinates as challenging and strong talents by considering their aptitude and temperaments.
Treatment for Ability and Performance
The company shall not discriminate employees based on school, gender, religion, region, age, disability, marital status, nationality, race, etc. in providing opportunities to improve their abilities (training, transfer, change of duties, promotions, etc.).
The company shall establish and disclose a clear evaluation standards on performance and ability and shall create a fair competitive environment through strict compliance.
Guarantee of Sound Expression of Opinions
The company shall establish a system, and create an atmosphere, necessary for the employees to freely express suggestions, recommendations and complaints.
Activities for specific religion or political party shall not be recommended nor forced and shall respect individual’s religious and political opinions.
Responsibilities on Health and Safety
The company shall take necessary and proper measures for the employees’ health and safety in performing their duties.
Safety measures necessary in workplace with harmful, hazardous or dangerous elements shall be taken.
Improving the Quality of Life of Employees
The company shall create a work environment where the employees can work autonomously and creatively.
The company shall actively support all activities for the employees to develop and improve his/her abilities.
Chapter 6 Responsibilities for the Country and the Society
Reasonable Business Operation
The company shall respect the social ethical values and shall not act in ways to damage the national economy nor create disharmony. The company shall operate business that fits the national sentiment.
The company shall respect the social value of the concerned region, both domestic and overseas, when operating its businesses.
Shall exclude all acts that hinder proper and reasonable corporate activities.
Contributing to the Development of the Country and Society
Shall give equal employment opportunities to everyone, without discriminating based on school, gender or region.
Taxes shall be reported and paid properly.
Shall accept any proper requests from all class of people and local residents and shall exert best efforts to resolve such requests.
Shall guarantee and recommend employees volunteering in healthy social activities.
Shall continuously improve business activities and improve the corporate value through sustainable management.
Shall mutually collaborate and grow with business partners based on ethical business management and contribute to the development of the country.
Protecting the Rights and Interests of Shareholders
Shall respect shareholders’ right to know, proper requests, proposals and official determinations.
Shall not trade stocks using inside information or information of another company acquired during the performance of duties.
Shall not infringe on the interest of minority shareholders to protect the interest of majority shareholders.
Shall secure transparency in accounting through accurate accounting and disclosure.
Shall avoid transaction with untransparent individual, client or country and shall not conduct illegal, false or irregular transaction under the general commercial practices.
Environmental Protection
Shall prohibit business activities against environmental protection and shall make proper investments to prevent pollution and contamination.
Shall conduct active environmental protection activities and shall comply with environmental protection related international standards, relevant laws and internal regulations, etc.
Environmental protection shall be considered first in all business activities of product development, manufacturing, distribution, sales and disposition.
05
Compliance Program
Compliance Program is an internal compliance management system to voluntarily comply with fair trade-related laws and regulations. It provides clear behavioral standards for employees, and plays a role in preventing legal risks in corporate activities in advance.
1
Commitment and support for compliance from the C-suite
2
Establishing and enforcing CP standards and procedures
3
Appointing a compliance administrator
4
Creating and utilizing compliance manuals
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