Doosan Enerbility Co Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

Doosan Enerbility restructured the ESG Committee into a Business Group-oriented structure in the first half of 2022 to strengthen the organization's execution power. The new ESG Committee is chaired by the COO, with the heads of the business divisions overseeing the Environmental, Social and Governance pillars. The Committee holds corporate-level discussions and devises response measures for the various ESG issues (i.e., major issues found through analysis of the needs of stakeholders and global trends observed from multiple perspectives). The Committee sets up an execution plan, considering the characteristics of the businesses and organizations, and manages the company's ESG performance in alignment with the company's overall strategic direction. By doing so, we have the performance of the individual organizations managed at a corporate-wide level. In addition, the execution plan and performance evaluation of each organization will act as a starting point for the ESG KPI assessments, which are linked to the senior management's compensation scheme. [...] To ensure that allocations are made to Eligible Green Project as specified above, Doosan Enerbility has established a dedicated Green Financing Working Group ("GFWG") to oversee the selection of Eligible Green Project and their compliance with the eligibility criteria described in the Framework. The treasury team will be responsible for sourcing the list of Eligible Green Project for GFWG's approval. The GFWG will meet on an annual basis and when required. The GFWG is comprised by senior representatives from Treasury team and ESG team. The GFWG is responsible for: - Reviewing and validating the existing pool of Eligible Green Project [...] Replacing of Eligible Green Project that no longer meet the eligibility criteria as defined in the Use of Proceeds section of the Framework (e.g., divestment, liquidation, concerns regarding ESG risks / alignment of underlying activity with eligibility criteria, etc.) - Reviewing, validating, and approving the new investments or projects to be included in the pool of Eligible Green Projects - Verifying and validating annual reporting for Green Financing instruments The GFWG will adhere to Doosan Enerbility's internal policies and procedures to identify and manage environmental and social risks associated with financed projects. As a member of the UN Global Compact, Doosan Enerbility will abide by the 10 Principles of the UN Global Compact relating to human rights, labor, the environment, and anti-corruption. Examples of related policies and system include Environmental Management System, Supply Chain ESG Guidelines, Supply Chain ESG Management System, Human Rights Policy, Green Energy Management System, Doosan Chemical Information System, Code of Conduct, Safety & Health Implementation System, Environment, Health & Safety Policy, Quality Gate system and Environmental Guidelines. Supplemental information on Doosan Enerbility's ESG risk related policy and [system can be found on its corporate website](https://www.doosanenerbility.com/en/management/overview_strategy) [or latest integrated report. Doosan Enerbility will ensure](https://www.doosanenerbility.com/en/management/overview_result) that all Eligible Green Project comply with relevant local laws and regulations and international environmental and social standards on a best effort basis. In addition, if there is any material environmental and / or social controversy or adverse impact from the Eligible Green Project identified after the proceeds' allocation, such project will become ineligible for allocation of the Green Financing Instruments proceeds.

https://www.doosanenerbility.com/heavy_file/management/data/overview_result/report/Doosan_Enerbility_Green_Finance_Framework_vF.pdf