Doosan : launches ESG Advisory Committee

- Appointed 7 ESG advisors and held the first meeting on September 22
- Panel to play the role of the advisory body of the ESG Committee to enhance ESG management capabilities

Doosan Corporation launched the ESG Advisory Committee to enhance its environmental, social and governance (ESG) management capabilities.

The company held the first ESG Advisory Committee meeting and appointed the advisors on September 22 at Doosan Tower in Dongdaemun, Seoul, with President Moon Hong-seong, executives in charge of ESG divisions and advisors in attendance.

As the advisory body of the Doosan ESG Committee, the ESG Advisory Committee will provide advice on practical strategies for reviewing ESG goals, tasks, and execution levels and identifying improvement opportunities. The advisors will analyze ESG opportunities and crises based on Doosan Corporation's business, suggest ideas to increase business value and share opinions.

The Doosan ESG Advisory Committee is composed of seven outside experts with expertise and experience in ESG areas such as overall ESG management, sustainable investment, human rights, diversity, climate change/carbon neutrality, supply chain ESG, fair trade and compliance. Ahn Wan-gi, CEO of the Korea Productivity Center, will serve as the chairperson.

Advisory members include Ahn Wan-gi, CEO of the Korea Productivity Center (Chairperson, ESG management); Song Mi-seon, CEO of Hana Tour Co., Ltd. (ESG management); Kang Chang-mo, professor of business administration, Hanyang University (sustainable finance and investment); Lee Eun-kyung, head of the Korea Association of the UN Global Compact (human rights, anti-corruption, and diversity); Kim Tae-han, senior researcher, Korean Sustainability Investment Forum (climate change and carbon neutrality); Shin Eon-bin, ERM Korea Partner (ESG strategy, environmental safety, and supply chain ESG); and Lee Yeon-woo, special advisor at the law firm Bae, Kim & Lee (governance, risk management and compliance).

"We will operate the advisory committee as a governance body that can enhance rational decision-making and execution power for ESG management," Doosan President Moon Hong-seong said. "We will listen to the advisors' insights and suggestions to take it to the next level through ESG management of business integration."

Doosan Corporation plans to hold an Advisory Committee meeting quarterly and share the discussions with various stakeholders, including employees, by e-mail and an ESG Report.

Meanwhile, Doosan Corporation has managed the core issues and indicators for each ESG area through the ESG Committee, the core foundation of ESG management, since 2013. The ESG Committee comprises 10 divisions, including green technology, environmental efficiency, labor indicators, supply chain ESG, and ethical management, and directly manages and executes business-based ESG management tasks. It publishes the annual ESG Report to disclose transparent and objective ESG performance to stakeholders.

Doosan Corporation has been included in the Asia Pacific and Korea indices of the Dow Jones Sustainability Indices (DJSI) for eight consecutive years and earned a grade A or higher in ESG assessment by the Korea Corporate Governance Service.

▲The first Doosan ESG Advisory Committee was held at Doosan Tower in Dongdaemun, Seoul, on September 22. Doosan Corporation President Moon Hong-seong (fifth from left), ESG Advisory Chairman Ahn Wan-gi (sixth from left), advisors, and employees pose for a commemorative photo after the appointment ceremony.