SH Corporation Joins UNGC to Strengthen Corporate Social Responsibility and Ethical Management

[Asia Economy Reporter Yuri Kim] Seoul Housing and Communities Corporation (SH Corporation) announced on the 19th that it has joined the United Nations Global Compact (UNGC) to strengthen social responsibility and ethical management based on global standards.

The UNGC is a specialized agency under the United Nations (UN) established to encourage corporate participation in the UN's sustainable development initiatives and to improve international social ethics and the global environment.

SH Corporation received notification of its UNGC membership last month and held a certificate handover ceremony at its headquarters in Gaepo-dong, Seoul, the day before. Since its launch in July 2000, the UNGC has involved over 14,000 members from 160 countries. Member companies incorporate the UNGC's ten principles in the areas of human rights, labor, environment, and anti-corruption into their management strategies to fulfill corporate social responsibility and contribute to global sustainability.

Kim Se-yong, President of SH Corporation, stated, "Over the past 30 years, SH Corporation has supplied more than 300,000 housing units, improving the residential welfare of Seoul citizens while contributing to the UN's Sustainable Development Goals (SDGs). We will take this opportunity of joining the UNGC to become a leading company in social value and ethical management."

Park Seok-beom, Secretary-General of the UNGC Korea Network, said, "The 11th UN Sustainable Development Goal is to make cities and human settlements inclusive, safe, resilient, and sustainable. This aligns with SH Corporation's efforts to stabilize housing and improve welfare for Seoul citizens." He added, "We hope that joining the UNGC will act as a catalyst for enhancing SH Corporation's sustainability, and we look forward to SH Corporation creating a better city and generating meaningful social value through this opportunity."

Meanwhile, at the social value vision declaration ceremony held at the end of last year, SH Corporation announced six core values: inclusion, care, safety, participation, fairness, and coexistence, and measured the social value created in 2018 at 1.4141 trillion KRW. Next month, SH Corporation plans to establish a Human Rights Center as a specialized independent organization to address human rights issues, spreading a culture of respect for human rights throughout corporate activities and systematizing social value.

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