"ESG Management: Survival at Risk if Market Expectations Are Not Met"

Asiana Airlines EGS Management Briefing Session

Jung Sung-kwon, CEO of Asiana Airlines

[Asia Economy Reporter Kim Hyewon] "If ESG (Environmental, Social, and Governance) management fails to meet market expectations, the survival of the company is at risk."

This was the statement made by CEO Jeong Seong-gwon during the ESG management briefing held on the 13th at Asiana Airlines' headquarters in Osoe-dong, Gangseo-gu, for executives and department heads. The Asiana Airlines ESG Task Force, launched in July, analyzed the company's current situation over approximately three months and presented an ESG management plan tailored accordingly.

Asiana Airlines shared the results of a survey conducted among all employees to assess their awareness of ESG management and introduced evaluation results from external agencies such as the Korea Corporate Governance Service over the past three years since 2018.

The internal survey showed high scores in information security and social contribution, while external evaluations rated the company above the industry average in the Environmental (E) and Social (S) categories of ESG. Asiana Airlines adopted the ESG Best Practices Code revised by the Korea Corporate Governance Service in August this year and plans to reorganize all operations accordingly.

CEO Jeong emphasized, "ESG management is the most critical factor for achieving change and innovation. Not only must we respond agilely, but we must also boldly disclose our shortcomings and improve them to gain market trust."

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