Busan Transportation Corporation Publishes ‘ESG Practice Guidelines’... Proposes Public-Private Expansion Model

First Among Urban Railway Operators
Driving the Spread of ESG Culture in the Local Community

Busan Transportation Corporation has introduced a model for spreading ESG (Environmental, Social, and Governance) practices, in which the public sector leads and the private sector implements.

Busan Transportation Corporation (President Lee Byungjin) has published the 'ESG Practice Guidelines' to help employees, local private companies, and public institutions easily understand the value and practical methods of ESG and apply them directly in the field.

This guideline was created to share the corporation’s accumulated ESG management experience and know-how with the private sector, reflecting the new government’s policy goal of ‘public institution management innovation that contributes to growth and livelihoods.’

It is the first case among urban railway operators to publish a private sector cooperation-type ESG practice manual, and it is expected to serve as a catalyst for spreading ESG culture in the Busan area.

The guideline systematically contains the ESG strategy framework, the 10 major codes of conduct, strategic and action tasks, and key examples of achievements necessary for ESG practices and education.

Representative ESG practice cases of the corporation, such as greenhouse gas reduction and revenue generation through emissions trading, donation of salary change by all employees, and expansion of mobility facilities for transportation-vulnerable groups, are also included with specific guidelines so that field practitioners can refer to them immediately.

The guideline was created in e-book format to minimize paper use and can be accessed by anyone on the Busan Transportation Corporation website. The corporation plans to actively utilize this material in various areas such as education, public relations, and evaluation in the future.

Since fully adopting ESG management in 2021, Busan Transportation Corporation has secured transparency and expertise by operating an ‘ESG Subcommittee’ under the board of directors, the first of its kind among similar institutions.

This year, the corporation is also taking the lead in establishing an ESG ecosystem in the local community by forming the ‘Busan City Public Corporation-Civic Group ESG Council’ together with 10 institutions and organizations in the Busan area and promoting public-private cooperation projects.

Lee Byungjin, President of Busan Transportation Corporation, stated, “This guideline will serve as a practical resource for companies newly introducing ESG management or seeking to spread ESG culture within their organizations,” adding, “As a leading institution in ESG management in the Busan area, we will drive sustainable change together with both the public and private sectors.”

Busan Transportation Corporation 'ESG Practice Guidelines'.

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