Sustainability Management
"Sustainable Global Company"
GS E&C has set a 'Sustainable Global Company' as its Vision. It has worked out its sustainability management strategies through its Sustainability Management Committee and Sustainability Management TF with the aim of 'the Pursuit of Growth through the Creation of Sustainable Values with its Stakeholders.' The company has set its strategic directions and action plans in keeping with its key pillar for sustainability management - 'the Triple Bottom Line (Environmental, Economic and Social Impacts)' - for consistent implementation of its sustainability management strategies.Strategic System
Misson
Pursuing growth by creating sustainable value in conjunction with stakeholders
Strategic Directions
- Environment(E) Eco-Friendly Technology and Process Innovation
- Social(S) Realization of people-centered Trust Management
- Governance(G) Establishment of Responsible ESG Management System
Specified Strategies
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- Expansion of Eco-Friendly construction Activities
- Reinforcement of Climate Change Response Activities
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- Person-centered and Safe site
- Guaranteeing consumer rights and Strengthening Sustainability Management of Suppliers
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- Building ESG Governance Centered around the Board of Directors
- Transparent and Fair management
Implementing Organization and Activities
GS E&C operates the ESG Committee to review its ESG management activities while striving to effectively share the outcome with stakeholders. The ESG Committee is composed of four outside directors and one non-executive director operates the ESG Council and the ESG Task Force, in which various related departments participate. Those responsible for the implementation of ESG management at GS E&C include the headquarters, the domestic and overseas subsidiaries and branch, project sites, and affiliated companies.
Implementing Organization
Implementing Organization
- ESG Committee
- Chief of Corporate Sustainability Management Division
- ESG Team
ESG Council/ESG TF
- Environment
- Green Environment Team, RIF Tech. Planning Team etc.
- Social
- Safety&Health Team, Procurement & Subcontract Cooperation Team, General Affairs Team, Compliance Team etc.
- Governance
- Planning&Analysis Team, Financing Team etc.
- Business Headquarters(site and headquarters), including domestic and overseas subsidiaries
Composition and Activities
| Composition | Activities | |
|---|---|---|
| ESG Committee | - four outside directors and one non-executive director | - Deciding ESG Policy and Reviewing ESG Business activities |
| ESG Team/ESG Council/ESG TF | Various divisions associated to the ESG area excluding the ESG Team | - Establishing ESG strategy and execution - Publishing a sustainability report and responding to ESG relevant external assessments (KCGS, COP, CDP etc.) |
GS E&C observes the global guideline.
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- UN GLOBAL COMPACT
- On August 4, 2010, GS E&C joined UNGC, a voluntary corporate initiative that promotes and encourages corporate social responsibility. By complying with the 10 Principles on human rights, labor, environment, and anti-corruption, GS E&C takes part in the promotion of the global guidelines on corporate social responsibility, and reassures the global community of its strong commitment to pursuing ESG management.
GS E&C will continue to play a leading role in the promotion of the 10 Principles throughout the world. To that end, it will respect basic human and labor rights, strive to develop eco-friendly technologies and products as a response to the global environmental crisis, and intensify its preventive measures to eradicate corruption throughout its business practices.
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- ISO 26000
- GS E&C wants to ensure it has a sustainable future by adhering to ISO 26000 set forth by International Organization for Standardization (ISO). It has designated and operates a task force focused on the seven core subjects and issues pertaining to social responsibility: Organizational governance, Human rights, Labor practices, The environment, Fair operating practices, etc. In addition, the company practices various social contribution programs for the development of the local community and protection of the environment. Moreover, the company is striving to continuously manage and communicate its performance
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- CDP
- The Carbon Disclosure Project is a global evaluation index that evaluates environmental management information such as response to environmental issues related to climate change, water resources, and forests, and greenhouse gas emissions. In 2023, GS E&C received Grade A- and plans to continue to strengthen its strategy to cope with climate change in line with the government's carbon neutrality.
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- ESG
- In 2023, GS E&C got Class B+ in the area of the governance and environmental responsibility and Class A in the area of the social responsibility, receiving the overall Class A evaluated by Korea Institute of Corporate Governance and Sustainability.
