In July 2021, Samsung Heavy Industries established ESG committee under the Board of Director and established ESG
vision and strategy. It serves as the highest decision-making organization that determines Samsung
Heavy Industires' sustainability management activities and deliberates ESG disclosures.
In addition, the ESG governance system was further strengthened by establishing ESG improvement activities in a
virtuous cycle with ESG Advisory Committee, ESG C-level Council, Chief ESG Officer and ESG Conduct Body.
01
Propose short- and medium-term strategy for company-wide and department
02
Analyse internal/external ESG assessment results
03
Operate working-level conduct body (Development/ specification of improvement tasks)
04
Feedback for ESG assessment
05
ESG Performance Management
The ESG Committee consisting of all independent directors is the top ESG organization that reviews ESG performance and approves siginificant ESG issues.
ESG Committee Regulations Information of ESG Committee meeting
| Position | Executive / Independent | Name | Gender | Field | Career |
|---|---|---|---|---|---|
| Chair | Lead Independent director | H.W Jo | Female | Law, Human rights |
Former) judge, member of the Human rights Commission Current) Lawyer |
| Member | Independent director | S.J Yoon | Male | Policy | Former) Minister of Trade and Industry Current) General Counsel at a Law firm |
| Member | Independent director | W.J Lee | Male | Policy | Former) 1st Vice Minister of Land, Infrastructure, and Transport Current) Advisor at Housing Industry Research Institute |
| Member | Independent director | S.G Kim | Male | Financial Accounting | Former) Administrator of Public Procurement Service Current) Chairman of Korea Procurement Research Institute |
As an advisory Committee under ESG Committee, it provides an advice to the ESG Committee to supplement the expertise and objectivity of each agenda.
| Name | Career | Operation | Advice scope |
|---|---|---|---|
| J.H Park | Current) Director of the Korea Institute of Continuous Management (ESG Management, Consulting) | Report advisory results to ESG Committee prior to ESG Committee conference | Making-decision agenda by ESG committee, recent ESG trends and implications, etc |
| J.Y Gwon | Current) Law professor at Kyung Hee University (Law, Investment strategy) | ||
| G.J Oh | Current) Director of Korea Institute of Resource Circulation and Packaging Technology (ESG Management, Environment) |
It is composed of Samsung Heavy Industries' executives, discussing ESG agendas and submitting the agenda to the ESG committee to make the best decision.
In April 2024, SHI introduced the internal chief ESG officer system. SHI is striving to strengthen ESG management by appointing the CFO as the internal chief ESG officer who plays the role of coordinating and overseeing in-house ESG activities.
The main roles include: checking current issues related to ESG management and establishing company-wide countermeasures, checking ESG tasks/activities and managing performance, and conducting in-house ESG decision-making and reporting to BoD.
As ESG control tower within the company, it develops ESG strategies & targets and set up improvement plans.
It consists of working-level experts from each division and derive & specify improvement tasks so that the relevant departments can participate in.
Safety, Environment
Social responsibility
Ethnic management
GovernanceSamsung Heavy Industries established ESG visions and strategies to respond ESG issues from various stakeholders.
We will make efforts to lead the sustainability of the shipbuilding and marine industries, not limited to the permanence of Samsung Heavy Industries as an individual company.
Provision of net zero solutions to customers
Fostering of SME materials suppliers
Declaration of Net zero
Support for net zero activicties of supply chain
Global safety leader
Support for safety management of supply chain
Settlement of labor-management programs
Expansion of CSR programs
Global compliance leader
Deployment of a sustainable Supply Chain
Active participation in initiatives
Exploration of ESG business Opportunities
We share diverse ESG activities with our employees in various means. We wish to tell you the ESG story of Samsung Heavy Industries.
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