Korea District Heating Corp. (KDHC) signed an MOU on ethics and law-abiding management with five subsidiaries, including Korea District Engineering Co., District Heating Safety Co. and District Heating Plus, on May 11.
KDHC and five subsidiary CEOs pledged to collaborate to implement ethics, law-abiding management, and spread awareness of integrity through the deal. They participated in an event to bust balloons carrying words such as “sexual misconduct” and “corruption” — a gesture to express their determination toward integrity.
Meanwhile, KDHC has redoubled efforts to raise awareness of integrity, as the corporation established companywide comprehensive ethics management steps, reflecting the KDHC CEO’s strong willingness last year. These efforts had paid off.
KDHC was given the best-ever score in an integrity evaluation of public entities, becoming the sole public entity to see its integrity level go up two slots.
KDHC President Hwang Chang-hwa said, “KDHC, a public entity trusted by people, will join forces in spearheading ethics and law-abiding management.”
Officials from five institutions, including KDHC, participate in an tree transplantation event, dubbed “We Forest No. 2,” a campaign to build a forest for carbon neutrality.
KDHC Accelerates Efforts to Ramp Up ESG Management
KDHC has been stepping on the gas to implement diverse activities to promote ESG management.
KDHC, a public entity established with the goal of improving public life benefits such as energy conservation and the improvement of the environment, aims to achieve the goal of creating a world in which people enjoy happiness with clean energy.
KDHC has been implementing the mid- and long-term strategy titled “Building Carbon Neutrality Management Regime,” established last year. The strategy calls for the realization of gas turbines’ shift into hydrogen turbines, which is expected to dramatically reduce greenhouse gas emissions.
KDHC declared a paradigm shift to carbon management in a ceremony marking the 36th anniversary last year. The corporation aims to achieve “carbon net-zero” by 2050. The plan calls for reducing greenhouse gas emissions from 600 tons in 2018 to zero in 2050.
At that time, KDHC President Hwang revealed a plan to lead the establishment of the related ecosystem such as carbon neutrality technology development and take a second take-off through carbon neutrality.
To this end, KDHC plans to change equipment whose life span will end before 2050 into hydrogen-fueled turbines and have equipment which will operate until 2050 or later employ carbon capture, utilization and storage technology (CCUS).
The corporation will join efforts to reduce greenhouse gas emissions by utilizing biogas from waste plastic and other waste resources and sewage and wastewater treatment facilities and have boilers utilize dump renewable energies.
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