GS Retail to Establish 'Energy Saving Platform' with Korea Energy Agency

[Asia Economy Reporter Seungjin Lee] GS Retail is joining hands with the Korea Energy Agency to establish a culture of energy saving.

GS Retail announced on the 17th that it signed a Memorandum of Understanding (MOU) for the "Spread of Energy Saving Practice Culture" with the Korea Energy Agency at its headquarters in GS Tower, Gangnam-gu, Seoul.

The MOU signing ceremony was attended by more than 20 officials from each organization, including Yoonseong Cho, President of GS Retail, and Changseop Kim, Chairman of the Korea Energy Agency.

Through this MOU, GS Retail plans to participate company-wide in the "Energy Saving Good Store Campaign" by utilizing its offline store platforms of 14,000 GS25, GS THE FRESH, and Lalavla stores nationwide, as well as its online channels. It also plans to actively practice the "Closed Door Heating and Cooling Operation" activity to foster and spread an energy-saving culture.

The Korea Energy Agency will conduct energy diagnostics for GS Retail’s directly operated and franchise stores and provide practical energy-saving know-how and support.

GS Retail has set a goal to reduce annual energy consumption by 5% and energy costs by approximately 8 billion KRW through building a mutual cooperative relationship with the Korea Energy Agency. Through this, it aims to increase store operation efficiency and establish itself as an eco-friendly distribution company practicing green growth.

Earlier in 2015, GS25 established a remote store management system (SEMS) incorporating IoT (Internet of Things) technology, which is currently operating in 8,500 stores to practice energy-saving activities. Additionally, last year GS Retail launched the integrated eco-friendly campaign "Green Save" to fulfill corporate social responsibility and achieve sustainable development, continuing its company-wide eco-friendly management efforts.

A GS Retail official said, "We are pleased to carry out meaningful activities in collaboration with the Korea Energy Agency while continuously striving to contribute to the socially significant issue of energy saving," adding, "Going forward, GS Retail will continue to pursue energy efficiency through various activities including public-private cooperation as a leading domestic distribution company and fulfill its corporate social responsibility."

This content was produced with the assistance of AI translation services.