Korea Cosmetic Association: ESG Guidelines 2024

 ESG Guidelines for the Cosmetics Industry: Focus on Environmental and Social Value 

This document outlines   Environmental, Social, and Governance (ESG)  guidelines for the cosmetics industry, with a focus on creating   environmental and social value  . Key highlights include:

• Greenhouse Gas Management  : Strategies for reducing emissions and promoting sustainability.
• Sustainable Packaging : Emphasis on eco-friendly packaging solutions to reduce environmental impact.
• Product Safety and Sustainable Sourcing: Guidelines for ensuring safety in products and sourcing materials responsibly.
•  Water Resource Management : Importance of managing water usage effectively, with reference to the   Water Management Basic Law   and   ISO 14046   for evaluating water footprints based on life cycle assessment (LCA) principles.
• Chemical Management : Best practices for safely managing chemicals within the production process.
•  Structured Governance and Legal Compliance : Emphasis on strong governance frameworks and compliance with laws like the   Water Environment Conservation Act  , to ensure sustainable operations.
•  Innovative Tools : Use of tools such as the   Aqueduct Water Risk Atlas  , employed by major Korean cosmetics companies, to assess global water risks and ensure responsible water management.

These guidelines aim to support   sustainable supply chain management   in the cosmetics industry, focusing on key areas such as   water resource management, environmental compliance, and integrating legal frameworks to guide responsible practices.

Region: South Korea

Source: https://kcia.or.kr/inc/down.php?dir=BOARD&file_name=202411_173215761721486_1.pdf&rename=%E2%98%85%EB%8C%80%ED%95%9C%ED%99%94%EC%9E%A5%ED%92%88%ED%98%91%ED%9A%8C+%EA%B0%80%EC%9D%B4%EB%93%9C%EB%9D%BC%EC%9D%B8+%EC%B5%9C%EC%A2%85%EB%B3%B8+%E2%98%85.pdf