On the 17th, KEPCO announced on the 17th that it had held the ‘1st Environment, Social and Governance (ESG) Committee’ at the KEPCO Art Center in Seocho-gu, Seoul.
On this day, starting with the resolution of the operation plan this year, the committee reported on the basic safety plan and discussed major tasks for strengthening ESG management.
The ESG Committee was established under the board of directors after a resolution of the board of directors in December last year to strengthen the ESG-based management system. It was composed of three non-executive directors, including director Choi Seung-guk and director Bao-ran, with the chairman of the board of directors Kim Jwa-gwan.
ESG is a concept that first emerged through the’UN Principles for Responsible Investment’ enacted in 2006 and stands for Environment, Social, and Governance in English. It is widely used as an indicator to measure long-term corporate value and sustainability from a non-financial perspective.
The committee deliberates on major management issues related to ESG and provides advice on ESG management strategies and related business plans. Overall, the direction of sustainability management is checked, and performance and problems are managed and supervised.
KEPCO is reinforcing ESG throughout its management, such as announcing the suspension of new overseas coal-fired power plants. In the future, the ESG Committee announced that it will promote ESG management that encompasses environmental and social responsibility and transparent governance.
Reporter Byun Sang-geun [email protected]