Korea Line Corporation, a shipping subsidiary of SM Group, announced on the 8th that it has established an ESG committee to strengthen its management capabilities in Environment·Social·Governance (ESG).
Korea Line Corporation created an ESG committee under the board of directors on the 28th of last month. The board will manage and oversee the company's ESG practices.
The ESG committee is responsible for approving and implementing business plans related to ESG management, as well as reviewing, managing, overseeing, and evaluating all activities. It is composed entirely of outside directors. Korea Line Corporation noted, "We composed it solely of outside directors to ensure the independence, transparency, and fairness of the organization and personnel."
Han Soo-han, CEO of Korea Line Corporation, said, "The ESG committee will take the lead in reorganizing and specifying the strategy."