[Asia Economy Reporter Jang Hyowon] Daehan Green Power is focusing on ESG (Environment, Social, Governance) management and undertaking a business structure reorganization.
Daehan Green Power announced on the 14th that it will actively pursue ESG management by carrying out 10 projects in the renewable energy business sector.
As the results of Daehan Green Power's renewable energy projects gradually become visible, the company plans to strengthen ESG management to become a leading company in the renewable energy industry.
A company official stated, “Currently, 10 projects are actively underway, and some projects are on the verge of obtaining development permits and environmental impact assessments from local governments and related agencies. We expect tangible results from the business portfolio transformation strategy that the company has persistently pursued.”
Daehan Green Power has focused on wind power and solar power generation projects, which are the most economical and energy-efficient among renewable energy sources and are receiving attention. Thanks to this, the company’s corporate value has been rapidly increasing, ranking in the top 3 for brand reputation among energy listed companies for three consecutive months.
In July, Daehan Green Power sold its non-core bio-heavy oil business to concentrate more on renewable energy projects.
In particular, the company is promoting wind power projects worth approximately KRW 4.5 trillion in the domestic market alone. It entered the wind power business by acquiring shares in Yeosu Samsan Offshore Wind Power and Ganggu Wind Power, and strengthened its wind power business last year by acquiring shares in Hajang Wind Power and Hajang 3 Wind Power.
A Daehan Green Power official said, “ESG, which has emerged as a key policy and a major topic in the global economy and corporate management, is not a one-time theme but a core indicator of future companies established as a worldwide trend. Daehan Green Power is transitioning into a renewable energy company from an environmental (Environment) perspective and is expanding its eco-friendly business portfolio centered on wind and solar power.”
He added, “From the social responsibility management (Social) perspective, we plan to contribute to local communities and build and operate eco-friendly power plants together by forming consensus for project progress with the government, local governments, and residents, focusing on Gangwon, Gyeongbuk, Gyeongnam, and Jeonnam regions. Regarding governance improvement (Governance) for transparent management, we will practice and strengthen ESG management by sharing global market entry strategies and business performance with shareholders and employees in real time, standardizing internal work, expanding employee participation, transparent decision-making, and increasing information disclosure.”
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