Daehan Electric Wire & Cable Establishes ESG Organizational Structure... Plans to Formulate 'Green 2030' Strategy Within the Year

Panoramic view of Daehan Electric Wire Chungnam Dangjin Plant

[Asia Economy Reporter Kim Hyewon] Daehan Electric Wire announced on the 30th that it plans to establish the 'Green 2030' vision this year to fully implement ESG (Environmental, Social, and Governance) management.

Daehan Electric Wire has established an ESG organizational system and simultaneously set an ESG management strategy. The first step was the establishment of the ESG Committee in May. This body, newly created under the board of directors to deliberate and decide on key policies and strategies to strengthen ESG management, is composed of three outside directors and one inside director to enhance transparency and expertise. An in-house dedicated department responsible for ESG-related tasks has been appointed, and a consultative body consisting of about ten related departments has also been launched.

The direction of the ESG management strategy is broadly set as ▲ Advancement of eco-friendly management ▲ Expansion of ethical & contribution management ▲ Transparency in corporate governance. In particular, in the environmental sector, the 'Green 2030' vision will be created within the year, and concrete and feasible plans such as utilizing renewable energy and expanding products with eco-friendly and green certifications will be promoted.

Additionally, activities to protect human rights, establish safety standards, and strengthen internal ethical awareness will be carried out, and a corporate governance charter will be enacted. Daehan Electric Wire disclosed the new ESG management strategy and last year's performance in an ESG report on its corporate website on the same day.

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