Godae Medical Center Publishes ESG Report... 'First Domestic Medical Institution'

Development of Hospital-Optimized ESG Management Indicators
Presentation of Medical Sector Guidelines

Korea University Medical Center announced on the 27th that it has published the '2022 Korea University Medical Center ESG Sustainability Management Report,' which contains major activities and achievements related to Environment, Social, and Governance (ESG) from last year.

This report is the first ESG report prepared by a domestic medical institution. The Medical Center explained that it was created to transparently disclose efforts to promote sustainable management and key achievements both internally and externally, and to fulfill the social responsibility of medical institutions through active communication with various stakeholders.

Prepared by applying the Global Reporting Initiative (GRI) guidelines and the Sustainability Accounting Standards Board (SASB) principles, the report details major sustainable management activities of Korea University Medical Center and its affiliated institutions, including environmental indicators, social indicators, ethical management, financial information, and stakeholder materiality assessments across various specialized areas.

Above all, the Medical Center emphasized that it disclosed the 'Korea University Medical Center ESG Management Indicators,' which were independently developed for the first time by a domestic medical institution. These indicators assign weights to areas suitable for medical institutions, such as patient-friendly management and community contribution, alongside internationally essential indicators like renewable energy usage and human rights management system establishment.

Currently establishing a carbon neutrality strategy at the institutional level, Korea University Medical Center plans to implement a 'carbon emission reduction scenario' that will reduce energy use, carbon emissions, and medical waste at its affiliated campuses and hospitals over the long term, while increasing the proportion of renewable energy. Along with this, it plans to provide socially and environmentally friendly medical services to patients through sustainable value creation such as win-win and ethical management.

Kim Young-hoon, Vice President for Medical Affairs at Korea University, said, "Medical institutions are centers of research, treatment, and education and have a high impact on local communities, so we thought a differentiated approach from general companies was necessary, which led to the publication of this report." He added, "As ESG management has already become a new global standard, we will leap forward as a truly world-class institution that can share the value of sustainable growth through communication with various stakeholders."

Cover of Korea University Medical Center 2022 ESG Sustainable Management Report.
[Image provided by Korea University Medical Center]

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