Shinsegae Department Store Wins Special Prize for Carbon Management from Global Environmental Certification Organization

Achieved A- Grade in First CDP Participation

Building Low-Carbon Infrastructure with Solar and Geothermal Systems

Advancing AI-Based Energy Management System

Shinsegae Department Store announced on the 11th that it has received the “Special Award for Carbon Management” from CDP (Carbon Disclosure Project), a global environmental management certification institution.

(From left) Ji-in Jang, Chairperson of CDP Korea Committee, Sangwoo Ahn, CFO of Shinsegae, and Jose Ordonez, Global Head of CDP Asia Pacific (APAC), are posing for a commemorative photo at the awards ceremony. Provided by Shinsegae Department Store

This award recognizes Shinsegae Department Store's achievements in climate change response and environmental management on an international level. In its first year of disclosure, Shinsegae Department Store achieved an “A- (Leadership)” rating, which is among the top global levels. The award reflects not only efforts to reduce greenhouse gas emissions, but also comprehensive results including activities to conserve biodiversity, a core topic in global environmental management today.

Established in the UK in 2000, CDP is a global nonprofit organization known as the world’s most prestigious ESG (Environmental, Social, and Governance) evaluation body. It requests and assesses environmental disclosures—including climate change, water resources, and plastics—from major cities and listed companies around the world.

Shinsegae Department Store is making technical investments to reduce carbon emissions at its sites and is expanding carbon-neutral infrastructure across all its stores. The company operates solar power generation and geothermal heating and cooling systems at its locations, and has introduced a wastewater recycling system to maximize resource efficiency. In addition, by utilizing an artificial intelligence (AI)-based energy management system, it optimizes energy use in real time, and continuously upgrades to high-efficiency, environmentally friendly equipment to systematically reduce greenhouse gas emissions.

Furthermore, as the first in the retail industry, the company launched a project to create habitats for marine protected species (Zostera marina) along the coast of Busan to restore marine ecosystems and expand carbon sinks. By establishing Zostera marina habitats—often referred to as “blue carbon” and known as the ocean’s carbon sinks—Shinsegae Department Store has enhanced marine biodiversity and focused on reducing carbon through nature-based solutions.

Shinsegae Department Store plans to use this award as an opportunity to further refine its carbon neutrality roadmap and continuously advance its biodiversity conservation activities in connection with its business strategy.

A representative from Shinsegae Department Store stated, “Earning a leadership rating and winning the Special Award for Carbon Management in our first participation in the CDP evaluation demonstrates that Shinsegae’s unique environmental management system meets global standards. We will continue to evolve into a company that delivers sustainable value through multifaceted environmental management, including climate change response and ecosystem conservation.”

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