Heo Tae-soo,’ESG management’ drive… GS Group’Eco-friendly Council’ launched

Input 2021.02.24 14:00

GS(078930)The group established the’Eco-friendly Council’ to fully implement ESG (environmental, social, governance) management. GS Group Chairman Huh Tae-soo is expected to play a role in discovering eco-friendly management and new businesses that have been emphasized.

According to GS Group on the 24th, an eco-friendly committee composed of chief environmental officers (CGOs) of each subsidiary was officially launched with Chairman Heo Tae-soo participating at GS Tower in Gangnam-gu, Seoul. The eco-friendly council is the highest decision-making body that deliberates and decides on GS Group’s ESG management and eco-friendly new business. GS President Hong Soon-ki will be the chairman, and CGOs of each affiliate will meet monthly to discuss pending issues. In addition, Chairman Huh and other chief executive officers (CEOs) participate in the expanded eco-friendly committee held quarterly.

The GS Group has decided to establish three subcommittees under the Eco-friendly Council, ▲ESG Division ▲Safety·Health·Environment Division ▲Eco-friendly New Business Division. The’ESG Division’ establishes eco-friendly policies through collaboration between affiliates in the fields of ESG management, social contribution, shared growth and sustainability management of each company, and promotes social responsibility and transparent management.

The’Safety, Health and Environment Subcommittee’ discusses energy saving and efficiency policies, along with management of air pollution, wastewater, and waste at each business site, and is in charge of carbon credit management in accordance with the climate change agreement and carbon emission 2050 policies. do.

In the’Eco-friendly New Business Division’, the business of responding to climate change such as renewable energy, carbon capture and utilization (CCUS), electric vehicles, hydrogen charging stations, drones and mobility, and industrial bio such as bio materials, bio chemicals and bio fuels, and waste batteries and waste plastic recycling business. It plans to discuss the recycling of such resources.

Chairman Huh’s will was largely reflected in the launch of the eco-friendly council. Chairman Huh emphasized, “Environmentally, pursuing sustainability is the demand of society and customers, especially when promoting new businesses along with energy saving and efficiency in existing businesses, environmental sustainability must be considered first.”

GS Group conducted projects with each affiliate last year and newly established’Growth through Sustainability’ as its core value. The main goal is to reduce the emission of harmful substances, improve business processes, and secure innovative business growth engines such as digital and biotechnology. Is GS Caltex trying to expand sales of ‘2,3-butanediol’, an eco-friendly product? GS E&C (006360)Building this battery recycling plant is part of that.

GS Group also began expanding eco-friendly new business by recruiting biotechnology (BT) startups from the 22nd of last month. The goal is to foster startups and establish a biotechnology collaboration system through the’The GS Challenge’ program that runs until the 7th of next month.

In addition, GS Futures, a venture investment firm in Silicon Valley, USA, was established last year as a bridgehead to discover new eco-friendly businesses, and is discovering investment destinations that can create synergy with the group-linked business in the digital and eco-friendly energy fields.