Kyobo Life Insurance Spreads 'People-Centered Stakeholder Management' to Global Companies

Yoon Yeol-hyun, CEO of Kyobo Life Insurance, introduced people-centered stakeholder management and ESG activities as an "Excellent Company for Achieving Sustainability" at the Sustainable Development Goals (SDGs) seminar hosted by the European Chamber of Commerce in Korea (ECCK) on the 21st.

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 22nd that it has spread people-centered stakeholder management for sustainability to global companies.

At the 'Sustainable Development Goals (SDGs) Seminar' hosted by the European Chamber of Commerce in Korea (ECCK) on the 21st, Kyobo Life Insurance introduced its people-centered stakeholder management and ESG activities as an 'excellent company for achieving sustainability.'

The seminar, held online, featured a presentation by Kyobo Life Insurance CEO Yoon Yeol-hyun, followed by detailed explanations from Executive Director Heo Geum-ju, who is in charge of new growth promotion.

CEO Yoon stated, "Since its establishment, Kyobo Life Insurance has strived to realize sustainable management through social value creation, including pioneering the world's first education insurance, and incorporated people-centered stakeholder management in 2008."

He added, "Kyobo Life Insurance's people-centered stakeholder management aims for sustainability, with ESG (Environmental, Social, and Governance) elements already well integrated into its content. This year, we established a comprehensive ESG index, conducted on-site inspections, and plan to derive and implement ESG improvement tasks."

In the environmental sector, Kyobo Life Insurance joined CDP (Carbon Disclosure Project), a coal phase-out finance initiative, and invested approximately 3.7 trillion KRW in green finance. In the social sector, it is leading customer protection by promoting open innovation and support services for small-scale workplaces. In governance, the ratio of outside directors exceeded 67% as of 2021, and the company operates compliance programs and an ESG committee.