One of the biggest burdens of ESG management is the need to simultaneously satisfy multiple frameworks. You must prepare GRI reports while also following TCFD recommendations, responding to CDP questionnaires, and preparing for CSRD mandatory disclosures. VEXPLOR ESG integrates the data requirements of these standards into a single structure, enabling simultaneous multi-framework response from a single data entry.
GHG Protocol -- Greenhouse Gas Accounting and Reporting Standard
Why does this standard matter?
The GHG Protocol is the most widely used greenhouse gas calculation standard worldwide. Almost all climate-related frameworks including CDP, SBTi, TCFD, and CSRD require data based on the GHG Protocol. In other words, managing carbon data according to the GHG Protocol completes the foundation for all other framework responses. The frequency of customers and investors requesting Scope 3 data is also rapidly increasing.
How is it applied in VEXPLOR?
| GHG Protocol Requirement | Impact on Your Business | How VEXPLOR Addresses It |
|---|
| Scope 1 Direct Emissions | Must calculate direct emissions from company-owned sources such as boilers, vehicles, and processes | Emission source classification, activity data, emission factors, and CO2 equivalents are systematically recorded |
| Scope 2 Indirect Emissions (Energy) | Must calculate indirect emissions from purchased electricity, steam, etc. | Automatically converts energy consumption data to carbon emissions through FEMS integration |
| Scope 3 Value Chain Emissions (15 categories) | Must manage indirect emissions across 15 categories including supply chain, business travel, commuting, and product use | Full 15-category management with 4 calculation methods (spend-based/activity-based/hybrid/primary data) and data quality classification |
| Verification | Must ensure credibility of reported emissions through third-party verification | Tracks unverified, under verification, and verified statuses, and manages third-party verification (ISAE 3410, ISO 14064-3) scope and results |
| Base Year/Target Setting | Base year emissions that form the basis of reduction targets must be accurate | Set base year, target year, and reduction pathway (1.5C/WB2C) and track progress against actual performance |
GRI Standards (2021) -- Global Reporting Initiative
Why does this standard matter?
GRI is the most widely adopted ESG reporting framework globally. Most sustainability reports in Korea are based on GRI standards. Investors, customers, and rating agencies frequently require GRI-based reports, and K-ESG evaluation criteria overlap significantly with GRI indicators.
How is it applied in VEXPLOR?
| GRI Topic | Impact on Your Business | How VEXPLOR Addresses It |
|---|
| GRI 2: General Disclosures | Must disclose basic information about organizational governance and stakeholder engagement | Governance board and stakeholder engagement data is managed |
| GRI 302: Energy | Must report organizational energy consumption and energy intensity | Energy target/performance management with FEMS integration for data collection |
| GRI 303: Water/Effluents | Must report water withdrawal by source, effluent volume, and water intensity | Water records and water intensity metrics are managed |
| GRI 305: Emissions | Must report Scope 1/2/3 emissions and emission intensity | Carbon emission data and Scope 3 category-level data directly mapped to GRI 305 indicators |
| GRI 306: Waste | Must report waste generation by type and recycling rates | Waste records managed by type |
| GRI 403: Occupational Health & Safety | Must report incident rates, safety training hours, and risk assessment status | Safety incidents, risk assessments, and safety training data comprehensively managed |
| GRI 405: Diversity | Must report diversity metrics for governance bodies and workforce | Diversity metrics are managed |
| GRI 413: Local Communities | Must report community engagement and impact assessment results | Community investment data is managed |
| GRI 414: Supplier Social Assessment | Must report supplier social impact assessment results | Supplier ESG assessments and supply chain due diligence data are managed |
TCFD -- Task Force on Climate-related Financial Disclosures
Why does this standard matter?
TCFD provides recommendations for disclosing the financial impact of climate change on businesses to investors. Major global stock exchanges and financial regulators are recommending or mandating TCFD-based disclosures, and the ISSB's IFRS S2 is also based on TCFD. TCFD compliance is frequently questioned in institutional investor meetings and ESG assessments.
How is it applied in VEXPLOR?
| TCFD Recommendation Area | Impact on Your Business | How VEXPLOR Addresses It |
|---|
| Governance | Must disclose board and management climate risk oversight structure | ESG governance board data is managed |
| Strategy (Scenario Analysis) | Must analyze business impacts under various climate scenarios (1.5C, 2C, etc.) | RCP/SSP-based climate scenario analysis capabilities are provided |
| Risk Management | Must disclose climate-related risk identification, assessment, and management processes | Risk register, mitigation action management, effectiveness review, and residual risk updates are automated through workflow (WF6) |
| Metrics/Targets | Must disclose GHG emissions, reduction targets, and related metrics | ESG indicators and SBTi reduction targets are systematically managed |
CDP -- Carbon Disclosure Project
Why does this standard matter?
CDP is a global non-profit that collects corporate environmental information for investors and purchasing organizations. Global enterprises frequently require supply chain partners to respond to CDP. CDP scores (A-F) serve as important reference indicators in ESG assessments, and not responding to CDP is itself a scoring penalty. Major domestic corporations including Hyundai Motor and Samsung Electronics also request CDP participation from their suppliers.
How is it applied in VEXPLOR?
| CDP Requirement | Impact on Your Business | How VEXPLOR Addresses It |
|---|
| Climate Change Questionnaire | Must submit responses to the annual CDP questionnaire | CDP response management and CDP score (A-F) tracking are available |
| Scope 1/2/3 Reporting | Must report emissions based on the GHG Protocol | Carbon emission data and Scope 3 data are directly utilized for CDP reporting |
| Energy Consumption | Must report energy consumption and renewable energy ratio | Energy target/performance data and FEMS integration data are utilized |
| Target Setting | Must report reduction targets and progress | SBTi target tracking data is connected to CDP reporting |
CSRD/ESRS -- EU Corporate Sustainability Reporting Directive
Why does this standard matter?
CSRD (Corporate Sustainability Reporting Directive) is the EU's mandatory ESG disclosure system being phased in from 2024. It applies to companies listed in the EU or generating revenue above a certain threshold in the EU. ESRS (European Sustainability Reporting Standards) is the specific reporting standard for CSRD, mandating double materiality assessment. Even if not directly subject to CSRD, EU exporters must respond to supply chain disclosure requirements from their business partners.
How is it applied in VEXPLOR?
| CSRD/ESRS Requirement | Impact on Your Business | How VEXPLOR Addresses It |
|---|
| Double Materiality Assessment | Must assess both financial materiality and impact materiality | Stakeholder identification, surveys, scoring, and framework mapping are automated through workflow (WF5) |
| ESRS S4 (Consumers) | Must disclose product safety and consumer complaint data | Product safety records and consumer complaint data are managed |
| ESRS G2 (Political Engagement) | Must disclose political contribution and lobbying activity data | Political contribution and lobbying activity records are managed |
| EU Taxonomy Alignment | Must assess whether business activities align with EU Taxonomy environmental objectives | Eligible activity classification, DNSH compliance, and minimum safeguards fulfillment are managed |
SASB -- Sustainability Accounting Standards Board
Why does this standard matter?
SASB defines financially material ESG indicators by industry. Because it focuses on ESG factors that affect enterprise value from an investor perspective, SASB-based disclosures are advantageous for institutional investor relations. With SASB indicators also integrated into ISSB (IFRS S1/S2), their importance is expected to grow further.
How is it applied in VEXPLOR?
Core manufacturing-common indicators (energy, emissions, water, waste, safety) are covered by default in the system. Industry-specific detailed indicators (e.g., product safety for automotive parts, hazardous substance management for chemicals) can be configured by adding tables and screens on the No-Code canvas.
ISO 14001 -- Environmental Management System
Why does this standard matter?
ISO 14001 is the international certification standard for environmental management systems, frequently required as a supplier qualification or bid condition in manufacturing. During certification audits, you must systematically present environmental regulatory compliance status, environmental targets/performance, environmental monitoring data, and corrective action history.
How is it applied in VEXPLOR?
| ISO 14001 Requirement | Impact on Your Business | How VEXPLOR Addresses It |
|---|
| Regulatory Compliance | Must manage environmental regulation lists and compliance status | Regulatory compliance item management and change tracking are supported |
| Environmental Monitoring | Must systematically collect air, water, and other environmental measurement data | Air/water/noise/vibration measurement data recording and TMS integration are supported |
| Waste/Water Management | Must track waste generation and water usage | Waste and water records are managed by type |
ISO 45001 -- Occupational Health & Safety Management System
Why does this standard matter?
ISO 45001 is the international certification standard for occupational health and safety management systems. Since the implementation of the Serious Accidents Punishment Act, ISO 45001 certification has become important as evidence of a structured safety management system. During certification audits, risk assessment history, safety training records, incident investigation records, and corrective action history must be systematically managed.
How is it applied in VEXPLOR?
| ISO 45001 Requirement | Impact on Your Business | How VEXPLOR Addresses It |
|---|
| Incident Management | Incident reporting, investigation, and recurrence prevention records are required | Safety incident reporting, investigation, root cause analysis, and recurrence prevention are managed |
| Risk Assessment | Task-level hazard identification and risk level calculation are required | Risk assessments following HAZOP, JSA, and FMEA methodologies with automatic risk level calculation are supported |
| Safety Work Permits | Pre-authorization system for hazardous work is required | 6 types of safety work permits are managed |
| Safety Training | Planning, delivery, and completion records for statutory and in-house training are required | Safety training courses, plans, and completion records are managed |
ISO 14064 -- Greenhouse Gas Quantification and Verification
Why does this standard matter?
ISO 14064 is the international standard for GHG quantification (Part 1) and third-party verification (Part 3). When seeking third-party verification to establish credibility of carbon emissions, verification bodies conduct their assessments based on this standard. With the growing trend of CDP, CSRD, and others requiring third-party assurance, a verifiable data management system is essential.
How is it applied in VEXPLOR?
Carbon emission data is managed in accordance with GHG quantification requirements, and third-party verification (ISAE 3410, ISO 14064-3) process scope, results, and verification status are tracked. Field-level change history and IP tracking-based audit trail capabilities provide data credibility evidence required by verification bodies.
EU CSDDD -- Corporate Sustainability Due Diligence Directive
Why does this standard matter?
The EU CSDDD imposes human rights and environmental due diligence obligations on EU companies and their supply chains. Even if not directly subject to the directive, Korean manufacturers in the supply chains of EU companies will be required to submit due diligence data by their business partners.
How is it applied in VEXPLOR?
Supplier ESG assessments, due diligence scope/results/corrective action management are handled within the system. Connected to the SCM (Supply Chain Management) solution, supplier information is utilized without duplicate entry.
TNFD -- Taskforce on Nature-related Financial Disclosures
Why does this standard matter?
TNFD is a framework for disclosing corporate impacts and dependencies on biodiversity and natural capital. Following the TNFD recommendations published in 2023, nature/biodiversity is emerging as the next key ESG disclosure area after climate.
How is it applied in VEXPLOR?
Manages biodiversity impact identification, LEAP (Locate, Evaluate, Assess, Prepare) processes, and natural capital-related data. This area is at an early stage for all global solutions, and VEXPLOR has established the foundational data structure with plans for future enhancement.
K-ESG -- Korean ESG Guidelines
Why does this standard matter?
K-ESG is a Korean ESG guideline published by the Ministry of Trade, Industry and Energy, serving as the basis for domestic corporate ESG self-assessment and disclosure. K-ESG criteria are referenced in government support programs, public procurement, and financial institution ESG evaluations.
How is it applied in VEXPLOR?
K-ESG evaluation items are mapped to data items in the system, enabling you to verify compliance status for each item based on accumulated data and develop improvement plans for non-compliant items.