###### ESG GOVERNANCE
Strengthening ESG Governance
Global ESG Steering Committee
The Global ESG Steering Committee serves as an exec
utive panel that monitors the implementation of Doo
san Bobcat's ESG strategy and roadmap. The commit
tee manages the performance of initiatives linked to
our ESG strategies and supervises significant ESG-re
lated risk and opportunities that are highly relevant to
corporate sustainability. Since 2023, the frequency of
meetings has increased to a quarterly basis to ensure
closer scrutiny. At Doosan Bobcat, C-level executives
manage ESG issues, which involves establishing ESG
KPIs for each of the eight ESG focus areas. These KPIs
have been applied to the 2023 management by ob
jectives (MBO) of 25 global executives for evaluation
and management and thereby reflecting the factors in
compensation.
###### ESG Team
In 2023, Doosan Bobcat significantly improved our
ESG management system by establishing an ESG Team
under the chief human resources officer (CHRO). This
team is tasked with the establishment and monitoring
of Key Performance Indicators (KPIs) tailored to each
strategic area, aligning with the company's overarching
ESG strategic objectives. The ESG Team also provides
support to executives and respective departments who
are responsible for each strategic area, facilitating ESG
management activities and promoting region-specific
initiatives. The team engages in active communication
with major stakeholders—such as the BOD, sharehold
ers, investors, and employees—to enhance the trans
parency of the company's ESG governance.
**BOD**
###### ESG Management System by Region
Regional ESG Coordinators [|] To maintain the effec
tiveness of Doosan Bobcat's global ESG strategy across
various regions, regional ESG coordinators monitor
the implementation of ESG KPIs and the progress of
issue-specific initiatives within their respective ESG
Working Groups. They maintain consistent communi
cation with the HQ ESG Team to ensure that the ESG
Governance operates cohesively and aligns with the
company's overarching ESG management objectives.
Furthermore, they support the ESG Team in regard to
collecting and disclosing data for ESG reports and eval
uations.
Regional ESG Operation Committee [|] Doosan
Bobcat has established regional ESG Operation Com
mittees to conduct an overarching assessment and
governance of ESG practices tailored to each region.
In NA, the inaugural session of the ESG Operation
Committee took place in February 2023. This commit
tee's mandate is to oversee both internal and external
challenges pertinent to NA operations and to evaluate
the development and prospective strategies of Doosan
Bobcat's key strategic domains. The NA ESG Operation
Committee convenes biannually as part of its regular
operation schedule. Following this model, EMEA is also
planning to convene its own ESG Operation Committee
in the first half of 2024.
ESG Governance
**Global ESG Steering Committee**
**CEO, Regional Presidents, C-level**
**Regional ESG**
**HQ ESG Team**
**Coordinators**
**ESG Working Groups**
HQ/Global Functions, NA/EMEA/ALAO
**Climate** **Product** **Health &** **DE&I +**
**Action** **Sustainability** **Safety** **Community**
**CSO, CTO** **CHRO**
Operations Strategy/NEXT EHS HR & Comm.
EHS Engineering Operations Labor council
PM HR
Procurement
AM/PS
Operations
2023 Global ESG Steering Committee Activities
|CEO, Regional Pr|CEO, Regional Pr|esidents, C-level|
|---|---|---|
|Col1|Col2|
|---|---|
|CFO|IR/PR|
|||
|Climate Action|Col2|Product Sustainability|
|---|---|---|
||||
|CSO|,|CTO|
|Operations EHS||Strategy/NEXT Engineering PM Procurement AM/PS Operations|
|Health & Safety|Col2|DE&I + Community|
|---|---|---|
||||
|CH|R|O|
|EHS Operations HR||HR & Comm. Labor council|
**Feb. 2023** **May 2023** **Aug. 2023** **Nov. 2023**
Report on
ESG performance
in 2023 and
plan for the next year
Established ESG vision
and strategy
2022-2023 BOD ESG Agenda
Shared ESG KPIs and
review implementation
Disclosed the
2022 Sustainability
Databook