SeAH Group Expands ESG Management at Group Level... Laying Foundation for Sustainable Growth

[Asia Economy Reporter Donghoon Jeong] SeAH Group is advancing its group-level ESG (Environmental, Social, and Governance) management by establishing dedicated ESG organizations for its major affiliates and launching an integrated ESG information management platform.

SeAH Besteel Holdings Co., Ltd. announced on the 25th that it has unveiled the 'Green Innovation ESG Strategy,' which encompasses five core ESG management objectives.

The five core objectives selected by SeAH Besteel Holdings are ▲achieving carbon neutrality by 2050 ▲establishing a resource circulation ecosystem ▲transparent and fair governance ▲building a sustainable supply chain system ▲minimizing safety and health risks. Alongside these, the company plans to focus on managing the implementation of nine detailed strategic tasks through the ESG Committee.

In fact, SeAH Besteel Holdings established the ESG Committee on the first day of its launch as a holding company last month and appointed Yeo-seon Yoon, Dean of the KAIST College of Business, as the committee chairperson. Based on its independence, the ESG Committee will proactively oversee the continuous management of SeAH Besteel Holdings' mid- to long-term ESG policies, the establishment of an ESG information system, and the transparent disclosure of ESG implementation processes through the publication of a sustainability management report.

Earlier, SeAH Steel Corporation created an ESG Promotion Team under the Sustainable Management Office through organizational restructuring and established an SHE Planning Team directly under the CEO to build a dedicated organizational system for strengthening ESG management.

A SeAH Group official stated, "At the group level, we view ESG management not as a short-term evaluation response but as a growth opportunity to enhance the intrinsic value of the company," adding, "We will advance our ESG management strategy, led by the newly established specialized ESG organizations, to leap forward as a sustainable company."