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ESG

  • Governance

Governance

Governance Data

Ethical and Compliance Management

As a leading eco-friendly energy equipment company, PANASIA
emphasizes corporate social responsibility and ethical management in
pursuing low-carbon, green growth. To guide employee behavior and
values, PANASIA established the Code of Ethics, Ethics Charter, and Code
of Conduct. The company also operates a whistleblowing channel,
whistleblower protection system, and internal control system to
strengthen ethical integrity.

- Ethics Charter

Ethics Charter

Fair Management
  • We conduct all business transparently and maintain fair relationships with all stakeholders based on honesty and trust.
  • We reject any form of solicitation or unfair request related to our duties and do not offer or accept improper benefits.
Mutual Growth Management
  • We actively support our partners through development programs that enhance long-term competitiveness and promote shared growth.
  • All transactions are carried out on equal terms, and we do not make unfair demands or misuse any position of advantage.
Environmental Management
  • We take proactive measures to ensure that no harmful or prohibited substances are used in product development or manufacturing.
  • We comply with environmental laws and customer standards, striving to reduce pollutants and promote sustainable use of resources
    throughout the entire product lifecycle.
  • We also support environmental education and green management among employees and partners.
People-Oriented Management
  • We respect every employee as an individual, building a mature organizational culture based on trust and understanding.
  • We prevent workplace harassment and sexual misconduct, foster ethical awareness, and nurture creative and self-driven
    talent through systematic, long-term support.
Information Security
  • We strictly protect all confidential business and technical information obtained through our relationships with customers and partners.
  • We do not distort, damage, or disclose such information without consent.
Social Responsibility
  • We contribute to job creation, regional development, and environmental protection through active community involvement.
  • By respecting each employee’s individuality, we pursue a culture of mutual trust and social contribution as a responsible corporate citizen.

- Anti-Corruption and Integrity Training

PANASIA conducts annual integrity and anti-harassment training for all employees, including ethics sessions as part of new-hire onboarding.
Employees also sign Ethical Practice and Security Pledges, and internal ethics campaigns are carried out to strengthen awareness of ethical conduct.

Category Unit 2022 2023 2024
Participants Persons 268 293 320
Training Hours Hours 1 2 1
Training Completion Rate % 95 93 97

- ISO 37001 Anti-Bribery Management System Certification

PANASIA became the first Korean shipbuilding and marine equipment company to obtain DNV ISO 37001 certification.

About ISO 37001

ISO 37001 is an international standard for anti-bribery management systems, published by the International Organization for Standardization (ISO)—a global body of national standards organizations from 163 countries. It defines the requirements for establishing, implementing, maintaining, and improving an organization’s anti-bribery management system.

Risk Management

PANASIA identifies both financial and non-financial risks to respond effectively to rapid changes in the business environment.
The company analyzes their potential impact and establishes prevention and mitigation strategies to minimize crises.
By monitoring business conditions during mid- to long-term planning, PANASIA ensures a solid foundation for sustainable growth.

- Financial Risks

  • Internal Accounting Risk Management
    PANASIA has established internal accounting control regulations that define the policies and procedures for designing, operating, evaluating, and reporting internal accounting systems. These systems enhance the reliability of financial statements, and results of evaluations are reported at the general shareholders’ meeting.
  • Financial Risk Management
    PANASIA manages foreign exchange, credit, and liquidity risks by monitoring exchange rate fluctuations, assessing counterparties by credit grade, and planning fund operations while tracking financial market trends.

- Non-Financial Risks

  • Quality Risk Management
    Based on ISO 9001 and ISO/IEC 80079-34 systems, PANASIA operates a specialized quality management organization and conducts regular quality meetings with partners to strengthen competitiveness and manage risks.
  • Environmental and Safety Risk Management
    Through the Industrial Safety and Health Committee, PANASIA establishes and implements accident prevention measures, embedding a strong safety culture and ensuring safe working conditions for all employees.
  • Human Rights Risk Management
    PANASIA promotes human rights awareness through the Human Rights Charter and Code of Conduct, regular training, and a grievance handling system that prevents and resolves potential violations.
  • Information Security Risk Management
    The company enforces security management guidelines, provides regular employee training, requires confidentiality agreements, and conducts periodic inspections to prevent data breaches and ensure information safety.