Road Traffic Authority Joins 'Korean-style RE100'... Promoting Carbon Neutrality and Strengthening ESG Management
[Asia Economy Reporter Lee Gwan-joo] The Korea Road Traffic Authority announced on the 13th that it has joined the 'Korean RE100 (K-RE100)' to strengthen ESG (Environmental, Social, and Governance) management and fulfill the role of public institutions under the '2050 Carbon Neutrality' policy.
RE100 is a voluntary campaign led by international organizations such as the Carbon Disclosure Project (CDP) committee, where companies declare that they will use 100% renewable energy for their electricity consumption. In line with this, Korea has introduced the Korean system K-RE100 and established five implementation measures.
The K-RE100 implementation measures include ▲ paying a green premium to Korea Electric Power Corporation (KEPCO) to purchase renewable energy electricity ▲ purchasing Renewable Energy Certificates (REC) ▲ third-party Power Purchase Agreements (PPA) ▲ participating in renewable energy power generation projects ▲ installing and directly using self-owned private energy facilities (self-construction).
To respond to global warming and climate change, the Authority has installed and is operating self-generation (solar power) systems at seven business sites besides its headquarters, and plans to expand this to the entire organization in the future. In addition, in collaboration with the Wonju Regional Environmental Office, it is continuously promoting comprehensive activities to reduce greenhouse gases, such as conducting carbon neutrality special lectures for all employees.
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Lee Joo-min, Chairman of the Korea Road Traffic Authority, said, "We will actively participate in the government's 2050 carbon neutrality policy by implementing K-RE100," and added, "We will fulfill our social responsibility as a public institution and take the lead in ESG management for a sustainable future."
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