Taekwang Group Launches 'Future Committee' to Establish ESG Management System

Establishment of Future Committee to Develop Group ESG Vision and Business Strategy

On the morning of the 16th, officials are taking a commemorative photo at the inauguration ceremony held at the Heungkuk Life Insurance Auditorium in Sinmunno, Jongno-gu, Seoul. From the fifth person on the left in the photo: Im Gyu-jun, CEO of Heungkuk Fire & Marine Insurance; Im Hyung-jun, CEO of Heungkuk Life Insurance; Seong Hoe-yong, Chairman of the Future Committee; Jo Jin-hwan, CEO of Taekwang Industrial; Jeong Cheol-hyun, CEO of Daehan Chemical Fiber. Photo by Taekwang Group

Taekwang Group announced on the 16th that it will launch a 'Future Committee' to establish a management system centered on ESG (Environmental, Social, and Governance).

The Future Committee will be responsible for establishing the group's vision and business strategy to promote ESG consistently and swiftly at the group level. The vice chairman of the Management Council, a consultative body of affiliate representatives, will serve as the chair of the Future Committee, with the CEOs of key affiliates Taekwang Industrial, Heungkuk Life Insurance, and Heungkuk Fire & Marine Insurance participating as vice chairs.

Taekwang Group has set its ESG promotion goals as follows: ▲setting a new coordinate for overcoming uncertain future management environments and a third founding ▲enhancing social perception of Taekwang Group and the group's social contributions ▲improving organizational culture and accelerating new business promotion through ESG practice.

Taekwang Group plans to establish an independent management system for affiliates centered on the board of directors to advance governance and strengthen environmental management that actively responds to climate change. At the same time, it will focus on fulfilling social responsibilities through coexistence and mutual growth. In particular, to strengthen board-centered management, ESG committees will be established within the boards of Taekwang Industrial, Daehan Fibers, Heungkuk Life Insurance, and Heungkuk Fire & Marine Insurance.

A Taekwang Group official stated, "We plan to establish a five-year ESG plan at the group level in November and set an action plan to implement it by January next year."

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