Daewoo Engineering & Construction

No leading practices were identified for the company in the governance and strategy area.

No leading practices were identified for the company in the ecosystems and biodiversity area.

No leading practices were identified for the company in the social inclusion and community impact area.

Sustainability strategy and accountability 

Daewoo Engineering & Construction discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy. The company does not disclose group-wide targets on key sustainability topics for the most material parts of its value chain.  

Although Daewoo Engineering & Construction has an environmental strategy, no evidence that the company has a social strategy and that the company discloses the implementation and oversight responsibility of the strategy. No evidence was found that the company links performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. The company does not disclose whether its highest governance body has expertise regarding nature-related topics. 

Stakeholder engagement 

Daewoo Engineering & Construction does not disclose an overview of the issues raised during its stakeholder engagement activities. The company discloses how often and through which channels it engages with various stakeholder groups. 

Lobbying 

Daewoo Engineering & Construction discloses a list of trade associations of which it is a member wherever it operates. However, the company does not disclose a clear and detailed framework for assessing alignment of its trade associations with nature-positive policies. The company does not report (potential) misalignment between the lobbying activities of its trade associations and nature-positive policies. 

Impact and dependencies assessment 

Daewoo Engineering & Construction has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies. 

Key areas and species 

Daewoo Engineering & Construction does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency. 

Ecosystem conversion and restoration 

No evidence was found regarding Daewoo Engineering & Construction’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets. 

Resource exploitation and circularity 

No evidence was found regarding Daewoo Engineering & Construction’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets. The company does not disclose efforts to improve soil health. 

Water 

No evidence that Daewoo Engineering & Construction reduces water withdrawal across the company’s own operations was found. The company does not disclose a time-bound target to reduce water withdrawal across its own operations. The company does not report how much water is withdrawn for its own operations in water-stressed areas. The company does not engage with suppliers to reduce water withdrawal.  

Daewoo Engineering & Construction reports a decrease in water pollution by disclosing its practice of sewage treatment method to remove nitrogen and phosphorus. The company does not disclose its processes for managing and monitoring discharge water quality. The company does not regularly report on water pollution. The company does not disclose targets to reduce water pollution. The company does not disclose a commitment to respect the right to water. The company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations. 

Solid and air pollution 

Daewoo Engineering & Construction does not disclose relevant information related to pollution in its operations or supply chains.  

GHG emissions 

Daewoo Engineering & Construction is reducing its scope 1 and 2 greenhouse gas emissions compared to the previous year. However, the company does not disclose any other information on scope 1, 2 and 3 greenhouse gas emissions, nor has it set a time-bound reduction target. The company must immediately set a reduction target aligned with the Paris Agreement’s 1.5-degree trajectory. 

Invasive species 

Daewoo Engineering & Construction has not identified any activities that could lead to the introduction of invasive alien species in its own operations. 

Safe, clean, healthy and sustainable environment

Daewoo Engineering & Construction does not disclose a commitment to respecting local communities’ right to a safe, clean, healthy and sustainable environment or to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders. 

Indigenous peoples’ and land rights 

Daewoo Engineering & Construction does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities. 

While Daewoo Engineering & Construction conducts a materiality/risk assessment to identify the main risks to the business, it has an opportunity to specify that it conducts human rights due diligence that includes a process for identifying human rights risks and impacts through its business relationships. The company has an opportunity to describe a process for assessing the human rights risks it has identified and to disclose what it considers to be its salient human rights issues. A description of this process would include how relevant factors are considered, such as geographical, economic and social factors. No evidence was found that the company has a global system to act on its salient human rights issues.  

While Daewoo Engineering & Construction discloses the categories of stakeholders it engages with generally on sustainability issues, it is not clear if these stakeholders are those whose human rights have been or may be affected by its activities. No evidence that the company provides examples of its engagement with stakeholders whose human rights have been or may be affected by its activities was found. 

There is no evidence that Daewoo Engineering & Construction has a publicly available policy statement committing it to respect the health and safety of workers. The company has an opportunity to disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage. The company has an opportunity to describe how it determines a living wage for the regions where it operates.   

While Daewoo Engineering & Construction provides the rate of total labor union, no evidence that the company discloses the coverage of collective bargaining agreements. No evidence that the company describes how it works to support the practices of its suppliers in relation to freedom of association and collective bargaining was found.  

No evidence that Daewoo Engineering & Construction has a publicly available global tax strategy was found. No evidence that the company describes the process for identifying its bribery and corruption risks and impacts in specific locations or activities covering its own operations was found. The company includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships. No evidence that the company has a publicly available policy statement or policy setting out its lobbying and political engagement approach was found. The company states that it does not make political contributions but does not formalise this commitment in a public policy document.