Samsung Heavy Industries Establishes 'ESG Committee' Under Board of Directors

[Asia Economy Reporter Kim Hyewon] Samsung Heavy Industries announced on the 30th that it held a board meeting and resolved to establish an 'ESG Committee' under the board of directors.

The Samsung Heavy Industries ESG Committee is composed of two outside directors and one inside director. It serves as the highest decision-making body that deliberates and resolves ESG strategies and key matters that have a significant impact on shareholder value and the company's sustainable growth, and oversees their implementation.

An ESG Advisory Committee and a dedicated ESG organization will also be operated separately to carry out detailed tasks.

With the launch of the ESG Committee, Samsung Heavy Industries plans to actively pursue ESG management with the goal of building the world's best shipyard leading in environment, safety, and compliance management.

The ESG Committee has established six key action strategies: ▲ Leading the development of eco-friendly and high-efficiency products ▲ Operating a carbon-neutral shipyard ▲ Safety and human rights management ▲ Win-win management ▲ Compliance management ▲ Strengthening external cooperation.

A Samsung Heavy Industries official said, "ESG is now a core issue of sustainable management," adding, "We will take a leading role in the shipbuilding and marine industry."