Third-Party Assurance
Third-Party Assurance Statement
GHG Verification Statement
Third-party Assurance Statement
Dear Management and Stakeholders of Studio Dragon
Introduction
Korean Standards Association (‘KSA’) was commissioned by Studio Dragon (‘the Company’) to perform a third-party Assurance Engagement of
‘Studio Dragon Sustainability Report’(‘the Report’). KSA presents independent opinions as follows as a result of the feasibility of the data
contained in this Report. The Company has sole responsibility for the content and performance contained in this Report.
Independence
As an independent assurance agency, KSA does not have any kind of commercial interest in businesses of the Company apart from undertaking a third-party assurance on the Report. KSA has no other contract with the Company that may undermine credibility and integrity as an
independent assurance agency.
Assurance Standards: AA1000AS v3
Assurance Level and Type: Moderate, Type1
Note1: Moderate assurance has a lower level of confidence than high assurance because it is based on limited evidence.
Note2: Type1 assurance has a narrower scope of engagement than Type2 assurance because it is limited to only adherence with the four principles of AA1000AP.
Assurance Scope
The assurance scope includes systems and activities such as sustainability management policies, goals, businesses, standards, and
achievements of the Company the reporting period. While the Company’s environmental and social data, as well as financial data in a broad
sense, was verified, the scope of review concerning stakeholder engagement was limited to the materiality assessment process.
in adherence with the four principles of AA1000AP(AccountAbility Principles) 2018
in accordance with GRI Standards 2021
Assurance Methodology
KSA used the following methods to gather information, documents, and evidence with respect to the assurance scope.
Confirmation of stakeholder engagement and materiality assessment process by the sustainability expert.
Verification of environmental information disclosure data and information by the environmental expert.
Examination of internal documents and basic materials.
Assurance limitations
KSA assumed that the data, information, and evidence provided by the Company were complete and sufficient. KSA provided limited assurance
through data inquiries, analytical reviews, and limited sampling methods. Due to the nature of sampling techniques and other inherent limitations
of internal control procedures and systems, there is an unavoidable risk that material errors, omissions, or irregularities may not be detected.
Assurance Results and Opinions
KSA reviewed the draft version of this Report within the scope of this assurance and presented our opinions as an assurance provider.
Modifications were made to the Report content if deemed necessary. KSA was not aware of any suspicions of significant errors or inappropriate
descriptions in this Report as a result of our Assurance Engagement. As such, KSA presents our opinions of the ‘Studio Dragon Sustainability
Report’ as follows.
Four principles of AA1000AP(AccountAbility Principles) 2018
Inclusivity
Has the Company engaged its stakeholders in strategically responding to sustainability?
KSA believes the Company is aware of the importance of stakeholder engagement and is making an all-out effort to establish a process that
will increase their engagement. The Company has selected stakeholders including customers, employees, shareholders and investors,
suppliers, government agencies and media, and local communities, and has communication channels for each group to receive diverse
feedback and opinions.
Materiality
Has the Company included material information in the Report to help stakeholders make informed decisions?
KSA is not aware of any significant omissions or exclusions of data that are material to stakeholders. KSA verified that the Company conducted a materiality assessment with issues identified from analyses of internal and external environments and reported according to the result.
Responsiveness
Has the Company appropriately responded to stakeholder requirements and interest in this Report?
KSA verified that the Company responded to stakeholders’ needs and interests by reflecting stakeholders’ opinions in the Report. KSA is not
aware of any evidence that the Company’s response to significant issues of stakeholders was reported inappropriately.
Impact
Has the Company appropriately monitored its impact on the stakeholders?
KSA verified that the Company is monitoring and assessing its impact on the stakeholders by conducting an enhanced verification of its
standard business activities. Furthermore, it has been verified that the Company appropriately publishes its findings in the Report.
June 2026
Dong Min Moon
KSA Chairman & CEO
The Korean Standards Association (KSA), established as a special corporation in accordance with the Law for Industrial Standardization in 1962, serves as a
knowledge service provider that distributes and disseminates such services as industrial standardization, quality management, sustainability management,
KS certification and ISO certification. The KSA is committed to the sustainable development of Korean society as an ISO 26000 national secretary, AA1000
assurance provider, KSI (Korea Sustainability Index) operator, and as an assurance provider of the Korean government’s greenhouse gas energy target
management system.
GHG Emission Verification Opinion
Verification Goal
The goals of greenhouse gas (GHG) emission verification (hereinafter referred to as ‘verification’) conducted by the Korean Standards Association are as follows.
Confirming the conformity with standards and procedures of GHG emission and GHG emissions calculated within the scope of verification
Checking the validity of declarations related to the organization's GHG emissions or removals
Confirming the effective implementation of the organization's management of GHG emissions or removals
Confirming the conformity of processes for implementing, managing and improving the organization's GHG emissions or removals estimates
Verification Scope
Korean Standards Association conducted a limited assurance verification of Studio Dragon Corporation’s Scope 1, Scope 2 and Scope3 GHG statement.
Reporting Target : Studio Dragon Corporation
Boundary : Scope 1(Direct emissions), Scope 2(Indirect emissions), Scope 3(Other Indirect emissions)
- Scope 1 : Mobile combustion
- Scope 2 : Externally purchased power and heat
- Scope 3 : Category 5. Waste generated in operations, Category 6. Business trip (Domestic and foreign travel), Category 7. Employee commutingYear : January 1, 2025 to December 31, 2025
Verification Criteria
Korean Standards Association conducted verification according to the procedures stipulated in ISO 14064-3 : 2019.
Calculation criteria
- KS I ISO 14064-1 : 2018
- Verification Guidelines for the Operation of the Greenhouse Gas Emissions Trading System (Ministry of Environment Notice No. 2025-64)
- 2006 IPCC (Intergovernmental Panel on Climate Change) Guidelines
- WRI (World Resources Institute) Greenhouse Gas Protocol
- Corporate Value Chain (Scope3) Accounting and Reporting Standard (WRI)Reference Document
- CJ Guidelines for Voluntary Greenhouse Gas Emissions Accounting(ver.1.4)
Level of assurance verification and Responsibility
Korean Standards Association provides verification at limited level of assurance to strengthen GHG management for your company’s GHG emissions.
On-site inspection : Visit to Studio Dragon Corporation Head Office
Method of confirmation
- Interview with greenhouse gas emissions manager and field staff
- Review of the management system and data used to calculate greenhouse gas emissions during the reporting period
- Tracking review of internal documents and basic data
Studio Dragon Corporation should provide fair data on information and evidence related to GHG emissions, and the KSA is limited to guaranteeing GHG emissions.
Verification Limit
GHG emissions can be affected by factors such as data limits and uncertainties in the scope of verification, and inherent limitations may exist accordingly.
Verification Conclusion
Korean Standards Association confirmed that the GHG emissions calculated by Studio
Dragon Corporation meet the level of assurance and the materiality threshold (less than
10%) in accordance with the verification criteria. No evidence was found to suggest that
the GHG data and information were unfairly presented.
Studio Dragon Corporation has taken appropriately corrective actions on the major
findings identified by the verification team. Based on the verification results, including the
absence of material errors of omissions, the data and processes are considered to meet
the verification and guidelines. Therefore, a ‘Unmodified opinion’ is issued.
Appendix. GHG Emissions (Scope 1, Scope 2)
Division | GHG Emissions (tCO2eq) | Energy | ||
|---|---|---|---|---|
Scope 1 | Scope 2 | Total | ||
Studio Dragon | 14.672 | 412.743 | 427 | 9 |
※Note : There is a difference between GHG emissions and total emissions and workplace emissions (combining workplace level cut-off emissions by company level)
Appendix. GHG Emissions (Scope 3)
Category | GHG Emissions (tCO2eq) | |
|---|---|---|
Category 5 | Waste generated in operations | 0.218 |
Category 6 | Domestic and foreign travel | 218.252 |
Category 7 | Employee commuting | 106.905 |
Total | 325 | |
※ Note : There is a difference between GHG emissions and total emissions and workplace emissions (combining workplace level cut-off emissions by company level)
March 30, 2026
