Samsung SDI



Sustainability

  • Value & SystemValue & System

    • For SustainabilityFor Sustainability

    • ValueValue

    • Paradigm for SustainabilityParadigm for Sustainability

    • Hope and ChallengesHope and Challenges

    • GovernanceGovernance

    • Risk ManagementRisk Management

    • Ethical ManagementEthical Management

  • Interest Group ParticipationInterest Group Participation

    • SDI & StakeholdersSDI & Stakeholders

    • Stockholders & InverstorsStockholders & Inverstors

    • CustomersCustomers

    • EmployeesEmployees

    • SuppliersSuppliers

    • CommunitiesCommunities

    • Stakeholders EtcStakeholders Etc

  • Climate Changes & EnvironmentClimate Changes & Environment

    • Eco-value CreationEco-value Creation

    • Environmental Management SystemEnvironmental Management System

    • Supply Chain Environmental ManagementSupply Chain Environmental Management

    • Cleaner ProductionCleaner Production

    • Environmentally Conscious DesignEnvironmentally Conscious Design

    • Green CommunicationGreen Communication

    • Environmental Status by SiteEnvironmental Status by Site

  • Results & ReportsResults & Reports

    • Performance IndexesPerformance Indexes

    • CasesCases

    • AwardsAwards

    • Sustainability Report Sustainability Report

    • Listening to youListening to you

  • Sustainability report
  • 6년 연속 DJSI 선정

Risk Management

Risk management, which involves taking actions to reduce the uncertainty of business activities, is essential to a company’s sustainable growth and survival in today’s complex business environment. Samsung SDI has implemented a risk management system aimed at preventing key risks in advance, and minimizing damage through prompt actions in case of an accident.

BCM (Business Continuity Management)

Considering that the battery business requires thorough risk management, Samsung SDI began to build the Business Continuity Management System(BCMS) throughout its domestic and overseas battery operations in 2008. BCM is a management system which is intended to minimize damage and shock in situations such as abrupt work stoppages by returning core business operations within a fixed target period and then bringing all other operations back to BAU(Business As Usual) status as quickly as possible. Samsung SDI became the first Korean manufacturer to obtain BCM international certification (BS25999) for all segments of its battery business in July, 2009. In 2010, we established the business continuity system at our key overseas battery production sites such as the Tianjin and Shanghai subsidiaries. In the first half of 2011, we will establish a BCM system in the new battery production line at our Ulsan plant and will acquire certification for the system and in the latter half of the year we will implement risk evaluation about the new Vietnam subsidiary (established in 2010).

BCM Life Cycle

Devising Management Strategies with Risk Factors in Mind

When devising business strategies, Samsung SDI takes into account various risk factors including ch-anges in the market pattern, exchange rate fluctuations, raw material costs and environmental regulations and calculates their potential impact on the business. At the same time, the company sets up plans to neutralize risks and puts them into action.

CRO(Chief Risk Officer) system

Natural disasters, terrorism, and conflagrations can inflict massive damages to a company which may threaten the continuation of a business. The CRO system was introduced to deploy measures to prevent and eliminate risks threatening social, environmental and safety aspects of the company. The CRO system enables the company to shift the contingency mode to a state of emergency and enables control and remediation of the situation to take place quickly so that normal business can continue as soon as possible. The Corporate Director of HR is currently co-executing the role of CRO and directly reports its activities to the CEO and the Management Committee.

Internal Control System

Samsung SDI operates its own electric and electronic system of internal control. The internal control system is devised to enhance reliability and transparency of information related to the company's business activity. The system includes the Internal Accounting Management Scheme devised to enhance the credibility of financial information, as well as other accreditation and evaluation procedures that protect the company's assets and prevent corruptive activities from taking place within the firm. Through this system the company is able to fulfill its legal certificatory obligations regarding the reasonability of accounting and management information, and proactively overlooks all general internal activities to ensure that they take place in full compliance with legalities, policies and procedures.

Plant Operation Approval System

Samsung SDI runs a Plant Operation Approval System to enable management of potential risk factors that may arise when developing new business opportUnities and making investments into the incubating businesses. The Plant Operation Working Committee is centered around nine key departments including development, purchase, quality, manufacturing, environmental safety and utility which monitor the progress of the construction of new or additional production lines and eliminates risk factors proactively from the project planning stage to the very initiation of commercial production. Samsung SDI minimizes its trial and error in the investments it makes through the Plant Operation Approval System and continuously monitors whether standards and processes applicable to investments are being followed and applied correctly.