[Consumerwide_Hayoung, Chang Reporter / Yohan, Bok Reporter] Businesses, including financial businesses and travel industries are trying to strengthen ESG management policies in various ways. Strategies include global agreement in sustainability, setting up an ESG committee in business, establishing data platforms. They aim to secure competitiveness in ESG management through practice, expansion, and reinforcement. In addition, business-relative people and value-based consumers confirm them through a report.
Hana-tour is strengthening ESG management activities by becoming a member of UNGC. UNGC is the largest world voluntary business sustainability initiative. It is a global committee begun aiming for sustainability and enhancement of business-citizenship-consciousness, in which 177 nations, 20 thousand businesses, and organizations participate. Hana-tour is trying to internalize major ESG management points while establishing ESG management activities by becoming an UNGC member. Additionally, they plan to open in public 'Communication on Progress' by 2024. The COP is passed onto various relevant parties including users and local society and, it contains sustainability management performance records. A Hana-tour related person said, "ESG management is one of the essential elements for sustainable business managing activities. We plan to strengthen ESG management activities while leading the settlement of travel culture."
Meanwhile, Lottecard is setting up an ESG committee under the board of directors to strengthen ESG management. This can be interpreted as willingness to enhance the sustainability of business by setting up a committee on the board of directors, which is a top decision making body in the company. Lottecard has explained that they aim to manage ESG thoroughly while being aware of the importance of ESG. The ESG committee is going to take the role of reviewing and deciding about ESG management of Lottecard, which includes ESG strategy and policy, and current ESG issues. For the ESG committee, 4 people, who included the CEO and Lee Boksil, the outside director, were appointed as the first chairperson. They plan to continue with sustainability growth and management activities based on an ESG committee, and also arrange to build the ESG menu on the company website and publish an ESG report which includes ESG directions, structure, and activity contents during the year.
Shinhan Financial Group has announced that they have completed data platform construction in response to the ESG environment and control structure official announcement. In response to a new regulation, which a public company with over 2 trillion won assets has to open public ESG data by 2025, as well as the latest update and accuracy of the data, Shinhan Financial Group is constructing this platform. The platform contains various data made of 4 sections, which include environment, society, governance structure, and ESG finances, targetting ESG regulation and evaluation organizations and business-related parties. Considering the future ESG data announcement regulation, they include data from a general requirement (S1) in IFRS (International Financial Reporting Standards) public announcement sustainability, and a climate related public announcement (S2). Shinhan financial group is going to expand ESG related communication through various public announcements and ESG reports. consumption value consumption
