Business
About Us
Structure of the responsible department
Operation of EHS Management Task Force
Solus Advanced Materials operates environmental and occupational health and safety (EHS) management systems based on dedicated EHS organizations and in accordance with ISO 14001 and ISO 45001 standards.
In addition, the Company systematically manages key environmental risks, such as waste and volatile organic compound (VOC) emissions, through a dedicated ESG environmental personnel.
Waste management activities
Solus Advanced Materials legally transports and treats its own waste through the legal waste disposal system (All-baro System).
In accordance with Article 38 of the Waste Control Act, we submit an annual report on waste generation and treatment to local governments, and the results of the treatment are as follows.
| Category | 2021 | 2022 | 2023 | 2024 | 2025 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research Institute | Factory | Research Institute | Factory | Research Institute | Factory | Research Institute | Factory | Research Institute | Factory | ||||||||||||||
| Target | Result | Target | Result | Target | Result | Target | Result | Target | Result | Target | Result | Target | Result | Target | Result | Target | Result | Target | Result | ||||
| General waste | Recycling(ton) | - | - | 50 | 6 | - | - | 48 | 13 | - | - | 45 | 32 | - | - | 43 | 47 | - | - | 41 | 20 | ||
| Incineration(ton) | - | - | 5 | 2 | - | - | 5 | 1 | - | - | 5 | 1 | - | - | 4 | 1 | - | - | 4 | 4 | |||
| Designate waste | Recycling(ton) | - | - | 90 | 87 | - | - | 86 | 67 | - | - | 81 | 57 | - | - | 77 | 56 | - | - | 73 | 69 | ||
| Incineration(ton) | 50 | 38 | 50 | 8 | 48 | 39 | 48 | 6 | 45 | 23 | 45 | 6 | 43 | 38 | 43 | 8 | 41 | 38 | 41 | 6 | |||
| Recycling rate | - | - | - | 90 | - | - | - | 92 | - | - | - | 93 | - | - | - | 92 | - | - | - | 90 | |||
* Reduce annual waste reduction Target by 5%
The waste recycling rate at our domestic business site (Iksan) in 2025 is approximately 90%, and we are continuing our efforts to increase our recycling rate of waste organic solvents.
In 2026, we will contribute to achieving a circular economy through continuous activities to improve our waste recycling.
Establishment of a Waste Resource Circulation System
Solus Advanced Materials operates a waste resource circularity system focused on waste recycling and the recovery and recycling of volatile organic compounds. In particular, by recovering and recycling waste volatile organic compounds generated during the OLED material production process, the Company promotes resource circularity and minimizes waste generation.
Furthermore, through its waste management system (Olbaro System), the Company manages the entire process from generation to final disposal, while conducting regular on-site inspections of waste transport and disposal contractors to verify their compliance with regulations and ensure process reliability.
The Company is also continuously identifying recyclable resources and expanding its network of recycling partner companies to reduce the generation of waste requiring incineration or landfilling. As part of these efforts, it has implemented practical resource circularity initiatives, such as converting waste synthetic resin previously disposed of through incineration into recyclable waste streams.
Through these efforts, the Company enhances resource efficiency within its workplaces and continuously advances its waste resource circularity system, thereby contributing to realizing a circular economy.
Identification of EHS-Related Laws and Regulations and Response Strategies
Solus Advanced Materials conducts quarterly regulatory reviews on a regular basis to systematically manage the enactments and amendments of environmental, health, and safety (EHS)-related laws and regulations, such as the Chemical Substances Control Act and the Occupational Safety and Health Act.
For each workplace, the Company analyzes the applicable laws and regulations and the potential impact of amendments, derives necessary response measures, and manages their implementation. Furthermore, the results of these reviews and the status of responses are regularly reported to management, enabling the operation of a management system linked to company-wide decision-making. Through this process, the Company proactively prevents the risk of non-compliance and responds preemptively to the changing regulatory environment.
The Company manages the results of regulatory reviews and the status of responses through regular reports, including the following key points:
Appendix. Sample Quarterly Report on the Review of EHS Regulatory Amendments and Response Status
1. Purpose
Solus Advanced Materials conducts periodic reviews of newly enacted and amended laws and regulations and legislative notices in accordance with its EHS management system. This aims to identify relevant laws and regulations applicable to product manufacturing activities and services, establish and comply with management procedures, perform occupational health and safety activities, and pursue efficient business operations.
2. Status of Enactment and Amendments of Laws and Regulations and Summary
1) Key EHS regulatory enactments and amendments in Q4 2025 and our response: 2 items (2 items on safety and health)
- Key enactments and amendments (2 items completed)
- Pictorial symbols indicating the intended use of fire extinguishers for different types of fires
- For work conducted in confined spaces, employers are require to provide appropriate oxygen concentration measuring equipment, retain measurement records for three years, inform employees of associated hazards, and verify their understanding of the applicable safety requirements and regulations.
2) Laws with legislative notices in Q4 2025: 0 (Not applicable)
Safety, Health, and Shared Growth Management
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1. Overview
Solus Advanced Materials systematically manages safety, health, and environmental risks across the entire supply chain through collaboration with resident partner companies, thereby realizing sustainable and mutually beneficial management.
Through preventive activities involving its partner companies—such as operating the Safety and Health Consultative Group, conducting joint emergency response drills, and performing risk assessments and environmental impact assessments together—the Company proactively identifies and mitigates potential risks within its workplaces.
In addition, the Company regularly reviews and improves these activities to continuously strengthen its ESG risk management system with partner companies. -
2. Operation of the Safety and Health Consultative Group with Contractors
In accordance with Article 64 of the Occupational Safety and Health Act, the Company holds monthly meetings (12 times a year) of the Safety and Health Consultative Group at its research laboratories and factories.
Through these meetings, the Company identifies potential hazards within the workplace from diverse perspectives and continues to pursue mitigation activities for these identified hazards, thereby enhancing the overall safety standards of the workplaces. -
3. Conducting Joint Emergency Response Drills with Contractors
To ensure a swift and systematic response in the event of an emergency at a workplace, the Company regularly conducts joint emergency response drills, including employees from partner companies.
The drills are conducted based on various scenarios, such as strikes, storm and flood damage, fires and explosions, and chemical spills, and are designed to ensure that all participants clearly understand the response procedures and roles for each situation.
Through this effort, the Company is enhancing the emergency response capabilities of all members, including its partner companies, and improving its ability to respond effectively in the event of an actual accident. -
4. Support for Contractors' Risk Assessment (Iksan plant)
In accordance with Article 36 of the Occupational Safety and Health Act, the Comapny provides annual support for the preparation of regular risk assessments for on-site partner companies at the Iksan plant, including cleaning/maintenance, cafeteria, and molding processes contractors.
This enables the Company to systematically identify potential hazards and risks that may arise in various workplace tasks and environments.
In particular, recognizing the process characteristics involved in handling volatile organic compounds such as toluene and acetone during the production of OLED materials, the Company conducts assessments of its molding processes and cleaning/maintenance work, focusing on the risks of fire, explosion, and exposure to hazardous substances associated with the handling of chemicals. Through this assessment process, the Company identifies potential risk factors by considering the work procedures for each process and the physical and chemical properties of the substances handled, continuously conducting accident prevention activities.
Meanwhile, for cafeterias operated by outsourced catering companies, risk assessments are conducted focusing on hazards tailored to the kitchen environment, such as burns from the use of open flames and high-temperature equipment, slips and falls, and cuts to the hands. Through this approach, the Company implements customized safety management activities that match the specific nature of each task and is working to improve safety and health standards across all partner companies in a balanced manner. -
5. Assessment and Management of Partner Companies’ Safety Capabilities
In accordance with Article 61 (Selection of Qualified Contractors, etc.) of the Occupational Safety and Health Act, Solus Advanced Materials conducts preliminary assessments of partner companies’ occupational safety and health management capabilities and regularly monitors their management standards through periodic safety capability evaluations.
The assessment results are directly reflected in the selection and management of partner companies, and only those meeting or exceeding certain standards are granted eligibility to participate in bidding. Outstanding partner companies are awarded bonus points in bidding and are given priority negotiation opportunities.
Conversely, for underperforming partner companies, the Company is working to improve their management standards by assisting them in developing improvement plans, conducting inspections, and providing training, and is taking additional measures, such as restricting transactions, when necessary.
Through these efforts, the Company is enhancing partner companies' autonomous safety management capabilities and systematically managing occupational safety and health risks across the entire supply chain.
| Assessment Items | Assessment Details | Points | ||||
|---|---|---|---|---|---|---|
| Safety/Health Management System |
Policy | Whether the policy for safety and health management is appropriately established | 5 | |||
| Plan | Whether the implementation plan for industrial accident prevention activities is appropriately established | 10 | ||||
| Roles/Responsibilities | Whether the roles and responsibilities for driving the implementation plan are established | 10 | ||||
| Execution Level | Risk Assessment | Whether the risk assessment for the relevant work has been conducted | 5 | |||
| Self-Safety Inspection | Whether the self-safety inspection system is established and monitored | 10 | ||||
| Implementation Verification | Whether procedures are in place to verify the implementation of corrective actions based on self-inspections | 10 | ||||
| Training/Records | Whether safety and health training plans are established, implemented, and and managed through record-keeping | 5 | ||||
| Safety Work Plan | Whether safety work permit plans for hazardous and high-risk tasks are submitted | 10 | ||||
| Operational Management | Signaling/Communication | Whether a signaling and communication system is in place for hazardous tasks (handling heavy loads, etc.) | 5 | |||
| Hazardous Equipment | Whether safety is ensured for handled substances, machinery, and equipment | 10 | ||||
| Emergency Measures | Whether emergency evacuation procedures and measures are in place to minimize damage | 5 | ||||
| Accident Level | Accident Status | Status of industrial accidents over the past three years | 15 | |||
| Total Score | 100 | |||||
* A: 85 points or higher, B: 70–84 points, C: 56–69 points
* Assessment results of A or B: Eligible for bidding; C: Not eligible for bidding
Disclosure of Industrial Accident Statistics
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1. Solus Advanced Materials
Category No. of Industrial Accident Details Action Results 2023 0 cases N/A N/A 2024 1 case Work-related accident caused by static electricity ignition
(Lacerations to the face and right arm due to ignition-induced flames)Submission of Industrial Accident Investigation Form
Grounding work performed in the accident zone
Change in material of tools used for handling volatile organic compounds (to conductive material)2025 1 case Occupational musculoskeletal disorders
(Wrist sprain due to heavy lifting)Submission of the Industrial Accident Investigation Form
Conducting a survey on musculoskeletal risk factors
Reducing the weight limit for heavy lifting -
2. Partner companies (Cleaning/Maintenance: Jangpung Innovation; OLED Molding Process: Zeniel)
① Cleaning/Maintenance: Jangpung Innovation
② OLED Molding Process: Zeniel
Category Accidents Accident Details Action Results 2023 0 cases N/A N/A 2024 0 cases N/A N/A 2025 0 cases N/A N/A
Establishing Plans for Reducing Hazardous Chemicals
Solus Advanced Materials manages the entire process of handling, storing, and transporting hazardous chemicals, complying with the Chemical Substances Control Act and the Occupational Safety and Health Act. In particular, regarding the volatile organic compounds used in the production of OLED materials, the Company identifies VOC emissions, leaks, and fire hazards as key risks. To mitigate these risks, the Company is pursuing the following activities:
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1. Reducing Volatile Organic Compound Use and Expanding Recovery and Recycling
The Company is reducing volatile organic compound use and expanding resource recycling through process improvements and the operation of solvent recovery systems.
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2. Strengthening Management of Sealed Equipment and Leak Prevention
The Company minimizes evaporation and leaks by ensuring the sealing of reaction and transfer equipment, and maintains equipment integrity through regular inspections.
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3. Operation and Monitoring of VOC Emission Control Equipment
By operating emission control equipment, the Company minimizes VOC emissions and continuously monitors emission levels.
The Company will continue to strengthen its efforts to reduce harmful chemical substances, contribute to minimizing environmental impact and creating a safe working environment.