The Seoul Housing and Urban Development Corporation (SH) is enhancing its Environmental, Social, and Governance (ESG) management by refining its key performance indicators (KPIs) and establishing a quarterly review system.
On June 8, SH held its first ESG Management Committee meeting of 2026, where it elected Kim Il-ho as the chairperson.
The ESG Management Committee consists of nine executives from SH's board and works alongside a panel of seven external experts to review and advise on key ESG strategies and operational plans.
During the meeting, the committee approved plans for 2026 regarding ESG and human rights management. They also discussed environmental management activities, strategies for establishing SH's biodiversity initiatives, and the current status of the Taskforce on Nature-related Financial Disclosures (TNFD).
This year, SH aims to refine its ESG KPIs and set annual implementation tasks. Based on this framework, the organization plans to operate a system to monitor quarterly performance and operational results to enhance the effectiveness of its ESG policies.
In the area of human rights management, SH is considering expanding its oversight from focusing solely on employees to include stakeholders and supply chains. Additionally, it plans to improve its system for receiving and processing human rights violation complaints and develop a framework to address ethical and human rights issues arising from the increased use of artificial intelligence (AI).
In environmental management, SH intends to broaden participation in greenhouse gas reduction activities and establish guidelines that incorporate biodiversity considerations at all stages, from project planning to execution. Furthermore, it aims to build a management and disclosure system based on TNFD to enhance the effectiveness of its environmental management efforts.
Kim Il-ho, chair of the ESG Management Committee, stated, "ESG management should not be limited to mere planning; it must be concretely executed and continuously developed throughout the corporation's overall management system. We will actively support the establishment of a solid institutional foundation for ESG management in the future."
Meanwhile, on June 15, SH appointed Lee Cheol-kyu, the current head of the Construction Project Division, as the head of the Construction Business Division (executive director), with a term lasting until June 14, 2029.
SH is also accelerating its relocation and mixed-use development project in the Shinnae-dong area of Jungnang-gu. On June 12, SH President Hwang Sang-ha announced during a regular session of the Seoul City Council that the organization plans to establish a project REIT in July and form a new office relocation task force in August to facilitate discussions with the city of Seoul and Jungnang-gu. SH aims to finance the project through the REIT and plans to relocate some of its headquarters from Gaepo-dong to the new office in Shinnae-dong by the second half of next year.
* This article has been translated by AI.
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