KEPCO Launches Responsible Investment... Holds 1st ESG Committee Meeting

"Strengthening Management Systems Based on Environment, Social, and Governance"

A view of the Korea Electric Power Corporation headquarters in Naju, Jeollanam-do. (Image source=Korea Electric Power Corporation)

[Asia Economy Reporter Moon Chaeseok] Korea Electric Power Corporation (KEPCO) is officially starting its Environmental, Social, and Governance (ESG) management.

KEPCO announced on the 17th that it held the '1st ESG Committee Meeting' on the 15th at the KEPCO Art Center in Seocho-gu, Seoul.

The committee began by approving the operational plan for this year, followed by reporting on the basic safety plan and discussing key tasks to strengthen ESG management.

KEPCO's ESG Committee was newly established under the board of directors last December through a board resolution.

Chairman of the Board Kim Jwagwan serves as the committee chair. The committee consists of three non-executive directors: Chairman Kim, Director Choi Seungguk, and Director Bang Suran.

The goal is to strengthen the ESG-based management system and continuously achieve ESG performance.

The committee will review major management issues related to ESG and provide advice on establishing ESG management strategies and related business plans.

It will oversee the overall direction of sustainable management and manage and supervise its outcomes and issues.

A KEPCO official stated, "Going forward, the committee will strongly pursue ESG management encompassing environmental and social responsibilities and transparent governance with a firm commitment to implementation."