NHN Announces ESG Management Vision: "A Sustainable Future Created Through Our Connections"

NHN announced on the 4th that it has published the '2022 Sustainability Management Report,' which contains its ESG (Environmental, Social, and Governance) management vision and strategy, as well as key ESG achievements.

In March last year, NHN established an ESG Committee under the board of directors and set up an ESG council composed of a dedicated ESG organization and representatives from 13 group companies to promote ESG management. As a result, in the 2022 evaluation by the Korea ESG Standards Institute, NHN was the only company in the domestic industry to receive an upgraded rating, achieving an overall 'A' grade.

Through this report, NHN newly declared its ESG vision, ‘Weaving New Sustainability,’ meaning 'a sustainable future created through our connections,' and disclosed key ESG achievements and mid-to-long-term implementation plans based on three core values: ▲Digital Co-Growth ▲Responsible Digital Society ▲Digital Inclusion.

First, in the environmental sector, NHN actively responded to global climate change issues by establishing an environmental management governance system leveraging its unique strengths, and revealed achievements in energy efficiency and greenhouse gas reduction through the operation of eco-friendly office buildings and data centers.

NHN’s eco-friendly data center has reduced a cumulative 43.29 TJ of energy from 2017 to 2022 through an indirect evaporative cooling system developed with in-house technology and continuous energy-saving projects. In 2022, it simultaneously acquired certifications for Environmental and Energy Management Systems (ISO14001/50001).

In May of this year, NHN completed third-party verification of greenhouse gas emissions, including direct emissions (Scope 1), indirect emissions (Scope 2), and other indirect emissions (Scope 3) occurring outside the business boundary. This Scope 3 verification covered nine categories, the largest scope in the domestic IT and gaming industry.

Along with this, NHN also announced plans to respond to global environmental initiatives such as the Task Force on Climate-related Financial Disclosures (TCFD) and the global Carbon Disclosure Project (CDP) within 2023.

In the social sector, NHN pursues 'safe AI technology accessible to everyone in daily life' by establishing 'AI Ethics Principles,' and faithfully fulfills its digital responsibilities as an IT company by acquiring and maintaining domestic and international certifications for information security systems and service stability. In 2022, NHN strengthened the group’s response capabilities to various incidents and risks by establishing a business continuity plan based on ISO22301 standards centered on NHN Cloud.

In the governance sector, NHN appointed its first female outside director, established a mid-to-long-term shareholder return policy to enhance shareholder value, and plans to pursue sustainable management by closely monitoring risk occurrence through the establishment of an enterprise-wide risk management system and the appointment of a Chief Risk Officer (CRO).

Jung Yeon-hoon, Head of NHN’s ESG Division, stated, “Through the publication of our first sustainability management report, we transparently disclose our accumulated ESG activities and achievements to various stakeholders and widely communicate the direction we aim to pursue. NHN will continue to strengthen the foundation for more long-term and sustainable growth.”

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