Sugoong Officially Joins 'Global RE100'... First Case Among Public Institutions

President Jae-Hyun Park of Sugong announced the plan to participate in RE100 on November 16 last year at the headquarters in Daedeok-gu, Daejeon, pledging to respond to the climate crisis and innovate water management centered on the people together with all employees.

[Sejong=Asia Economy Reporter Joo Sang-don] Korea Water Resources Corporation officially joined the global campaign ‘RE100’ on the 22nd, which aims to cover 100% of electricity consumption with renewable energy such as wind and solar power by 2050. This is the first case of a domestic public institution joining RE100.

RE100 was launched in 2014 by the non-profit organization The Climate Group in collaboration with the Carbon Disclosure Project (CDP). As of April this year, over 300 companies including Google, Microsoft, Apple, BMW, and IKEA have joined. According to the ‘2020 RE100 Annual Report’ released by CDP earlier this year, the average renewable energy power procurement rate of global RE100 participating companies was 42% last year, which is still about half of the target. In Korea, RE100 membership has been actively pursued since the end of last year. SK Group officially announced in November last year that it would pursue RE100 membership, and Amorepacific, LG Energy Solution, and others are also participating.

Earlier, in November last year, Korea Water Resources Corporation declared its transition to a climate crisis management system and its participation in RE100. It also operates a dedicated carbon neutrality organization to actively support climate change response and the government’s low-carbon policy implementation. In addition, it plans to actively promote green transition and RE100 by expanding eco-friendly facilities for the nationwide spread of clean water energy such as floating solar power and water thermal energy, and establishing a low-energy tap water supply system.

Companies that declare RE100 membership must submit an implementation plan within one year after submitting an application to the RE100 committee. The campaign proceeds by reporting the implementation status to the committee, which then publicly announces it. As of the end of last year, Korea Water Resources Corporation supplies 1,365 MW, which is 6.5% of the country’s total renewable energy capacity (20,862 MW) and 7.7% of the power generation.

Park Jae-hyun, president of Korea Water Resources Corporation, said, "Following last year’s declaration of climate crisis management, we will actively develop eco-friendly water energy and lead carbon reduction in the public sector through energy-saving water management by registering globally with RE100."

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