Standard Association, Verification of Greenhouse Gas Emissions by Kakao Commerce

Establishing a Voluntary Compliance Framework to Set and Achieve Carbon Neutrality Goals

[Asia Economy Reporter Kim Cheol-hyun] The Korea Standards Association (President Kang Myung-soo) announced on the 4th that it has conducted a third-party verification in accordance with international standards on the greenhouse gas inventory of Kakao Commerce (CEO Hong Eun-taek), a large mobile shopping service with 38 million customers.

Kakao Commerce, in order to fulfill its corporate environmental responsibility, voluntarily conducted third-party verification for carbon neutrality, although it has no obligation to verify or reduce greenhouse gases. Kakao Commerce's verification scope included direct emissions such as fossil fuel combustion, indirect emissions from external electricity use, as well as other indirect emissions indirectly generated by business activities. This reflects Kakao Commerce's purpose of building a greenhouse gas inventory aimed at carbon neutrality.

The Korea Standards Association holds the largest record of greenhouse gas verifications in the country. Kang Myung-soo, President of the Korea Standards Association, stated, "This voluntary third-party verification by Kakao Commerce can serve as an excellent example for companies starting carbon neutrality and ESG environmental management activities," emphasizing the necessity of voluntary greenhouse gas emission verification.

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