Hanan, Development of Social Value Performance Measurement Model

Announcement of Energy Conservation Linked Management Plan

Hwang Chang-hwa, President of Korea District Heating Corporation. (Photo by Korea District Heating Corporation)

[Asia Economy Reporter Moon Chaeseok] Korea District Heating Corporation (KDHC) announced that it has strengthened its management system centered on social value. The company plans to further advance its strategy and develop a performance measurement model to help the public easily understand KDHC's social value achievements.

According to KDHC on the 5th, the company recently diagnosed its existing strategic system to operate management focused on social value and announced a new management plan linked to the corporation's founding purpose of energy saving.

Social value focuses on making it easier to understand the extent to which KDHC contributes to the public through management achievements such as energy reduction and greenhouse gas reduction.

KDHC plans to convert this into monetary units so that the public can understand it more easily. Along with this, it will also set social value strategic goals.

In August last year, KDHC established the "KDHC-type Green New Deal Grand Plan" to lead the post-COVID-19 era and transition to a sustainable business system.

To share the pain caused by the spread of the novel coronavirus infection (COVID-19) and overcome the crisis, KDHC provided customized support. In particular, it achieved social value promotion results by establishing a consortium-type standard workplace for people with developmental disabilities.

KDHC plans to measure and disclose social value annually.

Hwang Changhwa, President of KDHC, said, "Since taking office, we have made continuous efforts to establish a management system centered on social value, resulting in significant progress in advancing the strategic system, including developing a model to share social value achievements with the public."

He added, "We will continue to strengthen the management system centered on social value and strive to create results that the public can feel."

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