DSG, Public Institutions' Average ESG Scores Increase by Over 10 Points... Yeosu Gwangyang Port Authority Ranks 1st

362 Public Institutions' ESG Evaluation Reports

The average ESG (Environmental, Social, Governance) score of public institutions improved by more than 10 points compared to the previous year. Yeosu Gwangyang Port Authority ranked first with an A grade.

On the 5th, DUSG collaborated with ESG evaluation agency ESGmoneta to publish the "2023 Public Institution ESG Evaluation Report." DUSG is a specialized company in ESG evaluation information sales and consulting, providing ESG data solutions, management consulting, research, and educational services.

A DUSG official explained, "The biggest change in the revamped disclosure system is the addition of ESG management as a major category, which visualizes ESG management in public institutions. Reflecting this, we adjusted the weights between areas and discovered additional evaluation items, evaluating a total of 101 indicators."

This evaluation targeted 362 institutions disclosed on the public institution management information disclosure system 'Alio.' The grades are divided into seven levels: Excellent (A+), Superior (A), Good (B+), Average (B), Poor (C+), Deficient (C), and Severe (D).

The evaluation results showed that the average ESG score rose from 42.57 points last year to 52.83 points, an increase of 10.26 points. By category, the average score in the Environment (E) category increased by 19.30 points, and the Governance (G) category rose by 12.76 points, but the Social (S) category decreased by 11.16 points. A DUSG official analyzed, "The E category saw the addition of environmental information (Environmental Information System) from 23 institutions this year, and the G category performed well due to newly added evaluation indicators in value management, stakeholders, and management efficiency. The S category declined due to the impact of newly added evaluation indicators in work-family support systems, win-win cooperation, and human rights management."

The distribution of ESG evaluation grades showed that institutions rated Excellent (A+) decreased from 3 last year to 0, and those rated Superior (A) dropped from 9 to 2. Instead, institutions rated Good (B+) increased from 33 to 57, resulting in a concentration in the Good (B+) grade.

Yeosu Gwangyang Port Authority received an A grade and ranked first. Korea Hydro & Nuclear Power ranked second with an A grade, and Busan Port Authority and Ulsan Port Authority ranked third with B+ grades. Following them, Korea National Arboretum and Korea Internet & Security Agency also received B+ grades, ranking fourth and fifth respectively.

A DUSG official suggested, "In the energy subcategory, known as the top greenhouse gas emitting industry, many institutions scored lower than the average of the same type in energy use, environmental performance, and climate change sectors, and many institutions' rankings dropped. Since the energy type will be subject to the European Union (EU) Carbon Border Adjustment Mechanism (CBAM) starting this October, requiring mandatory reporting of greenhouse gas emissions, active measures to strengthen ESG capabilities seem necessary."

Yeosu Gwangyang Port Authority

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