Incheon International Airport Corporation, First Public Institution to Proclaim ESG Charter

[Asia Economy Reporter Yoo Hyun-seok] Incheon International Airport Corporation announced on the 4th that it has established and proclaimed the first-ever 'ESG (Environmental, Social, and Governance) Charter' among public institutions.

The corporation presented comprehensive management guidelines for practicing ESG management, alongside previously established charters such as the Human Rights Management Charter and the Ethical Management Charter. To further strengthen company-wide execution, it became the first public institution to establish an ESG charter.

The corporation's ESG charter includes key contents in the areas of environment, society, and governance: ▲ carbon neutrality, resource circulation, environmental conservation ▲ pursuit of public interest, mutual growth, respect and safety for workers ▲ institutionalization of integrity, procedural fairness and fairness of opportunity, and stakeholder participation.

Since publicly announcing its ESG management vision in June last year, the corporation has been practicing ESG across all management areas, including converting 100% of its business vehicles to eco-friendly models, creating approximately 30,000 jobs, supporting overseas market access for small and medium enterprises, and operating a system for worker representatives to attend board meetings.

In February, it became the first Asian airport to join the global RE100 initiative, setting a challenging goal to supply 100% of Incheon Airport's electricity consumption from renewable energy by 2040, actively promoting the transition to an eco-friendly airport. Additionally, through the public Incheon Airport ESG idea contest and the operation of a citizen participation innovation group, the corporation gathered public opinions and reflected changes in the management environment, reorganizing its ESG promotion tasks in June, marking the first anniversary of the ESG management proclamation.

Based on this, the corporation plans to focus on ▲ establishing a bio-aviation fuel supply system ▲ recovering jobs in the post-COVID-19 aviation industry ▲ enhancing mobility rights for transportation-vulnerable groups ▲ creating a barrier-free travel environment, strengthening social contribution activities linked to the airport, and accelerating the creation of future value through ESG management.

Furthermore, it plans to expand ESG management throughout the industry by establishing a comprehensive support system for creating an ESG management ecosystem for small and medium enterprises, providing customized consulting, financial support, and facility improvements. Kim Kyung-wook, President of Incheon International Airport Corporation, stated, “As a leading public enterprise, the corporation will contribute to harmonious economic and environmental development and the creation of a sustainable community through proactive ESG management innovation.”