Kakao Publishes ESG Report '2023 Kakao's Promise and Responsibility'

Major Achievements in Environmental, Social, and Governance

Kakao announced on the 10th that it published the ESG report "2023 Kakao's Promise and Responsibility," which contains major achievements related to environment, social, and governance last year.

This report consists of ▲an introduction to Kakao ▲ESG framework and implementation status of key areas ▲sustainable management achievements in the environment, social, and governance sectors ▲ESG data, among others. In particular, it focused on ESG activities related to the five key ESG areas: "Technology for People, Solving Social Issues, Trusted Kakao, Growing Together Tomorrow, and Efforts for the Earth."

Kakao has published its ESG report titled 'Kakao's Promise and Responsibility 2023.'
[Image=Kakao]

In the environmental sector, various eco-friendly activities to respond to the climate crisis were introduced. Kakao expanded the use of renewable energy and built an eco-friendly data center to achieve the 2040 Net Zero goal, aiming for net-zero greenhouse gas emissions by 2040. At the Jeju office, the use of wind power energy produced in the Jeju region was increased, and at the Pangyo office, solar power energy was procured, doubling the use of renewable energy compared to 2022. The Kakao Data Center Ansan, completed in September 2023, was recognized for its energy-saving efforts and received the Building Energy Efficiency Grade 1+ certification.

In the social sector, efforts to promote coexistence with small business owners and stakeholders and contributions to various social fields were included. Kakao conducted the "Dangol Market Project," which supports the digital transformation of traditional markets through Kakao’s services, and received the Presidential Award in 2023 for its contribution to supporting small business owners. Kakao Makers’ "Jegabatchi Project," which helps agricultural and marine products that could not find sales channels to be sold at fair prices, achieved cumulative sales of approximately 30 billion KRW.

Additionally, Kakao publishes the "Kakao Stability Report" to provide stable services to users and partners. It also became the first in the industry to publish a "Diversity Report," striving to internalize the value of diversity and spread it throughout society.

To practice corporate social responsibility, Kakao is also strengthening reform efforts. It established the "Compliance and Trust Committee" for a sound corporate culture and ethical management and is preparing systems for sustainability management and coexistence.

Kwon Dae-yeol, Chair of the Kakao CA Council ESG Committee, said, "We are making efforts to lay the foundation for sustainable growth in various fields," adding, "We will continue to strengthen ESG management to gain the trust of users and various stakeholders and do our best to grow together."

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