GS Caltex Publishes 2021 Sustainability Report Highlighting ESG Achievements

Huh Se-hong, President and CEO of GS Caltex. Photo by GS Caltex

[Asia Economy Reporter Jeong Dong-hoon] GS Caltex announced on the 21st that it has published the "2021 Sustainability Report," which contains its ESG (Environment, Social, Governance) activities and achievements over the past year.

In the 17th edition of the report this year, GS Caltex introduced the direction of its ESG management and the major ESG management achievements in 2021.

In the environmental (E) sector, GS Caltex set its ESG management direction to respond to climate change through eco-friendly management; in the social (S) sector, to achieve sustainable growth for people and society; and in the governance (G) sector, to establish sound and responsible governance.

Key ESG management achievements of GS Caltex include various projects aimed at establishing a carbon-neutral roadmap to respond to climate change, efforts to reduce greenhouse gases, and various eco-friendly new businesses.

Last year, GS Caltex established a separate organization to become a sustainable energy company in response to global climate change. For carbon neutrality, it categorized carbon reduction into direct reduction of carbon emissions generated within business sites, replacing electricity used on-site with renewable energy, and offsetting through eco-friendly activities. Currently, it is establishing a carbon-neutral roadmap that includes approaches and strategies for each category.

Additionally, GS Caltex is leading efforts to solve the plastic waste problem by promoting mechanical and chemical recycling businesses according to plastic waste treatment methods, along with eco-friendly energy services such as hydrogen business, which is gaining attention as future energy, and EV (electric vehicle) charging business to respond to future mobility changes. The company is also continuously expanding its bio business through the development of eco-friendly fuels such as white bio and biofuels.

In February, GS Caltex launched 'kixx BIO1,' an eco-friendly engine oil made from plant-based raw materials, the first of its kind among domestic lubricant brands. In April, it launched 'Energy Plus Eco,' an integrated eco-friendly brand based on the 'Energy Plus' brand, which embodies the will for change and expansion of energy companies, expressing its commitment to eco-friendly management for a sustainable future.

Last year, GS Caltex also obtained ISO 37301 certification for its compliance management system from the global certification body BSI. Through ISO 37301 certification, GS Caltex has built and operates an effective compliance management system that meets global standards, and it was recognized for realizing ESG values by strengthening ethical management and compliance support based on a world-class compliance management system.

A GS Caltex official stated, "To become a respected company, we will do our best to create environmental and social values based on ESG management and achieve sustainable growth together with various stakeholders," adding, "We will continue to transparently disclose sustainability management achievements and communicate sincerely with stakeholders."

As part of environmental protection, GS Caltex has been producing digital reports in the form of Interactive PDFs instead of printed materials since last year, and expressed its will for change and expansion as an energy company through the report cover title. The "2021 Sustainability Report" is available for anyone to view on the official GS Caltex website.

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