Incheon Airport proved its considerations for environmental preservation
and sustainability by publishing Green Report since 1995,
which is even before the terminal construction began.
1995
Published the industry's first Green Report in airport construction and environmental management
2005
Installed Sustainability Management Team and commenced corporate social responsibility activities in full scale
2007
Published the first sustainability report
2016
Held job creation contest and promoted 12 corporate social value (SV) projects
2018
Installed Social Value Creation Group and promoted comprehensive SV realization plan as the first among public enterprises
2019
Developed SVCI and SROI, the social value indicators, and measured SV using the indicators
2021
Declared Incheon Airport Vision 2030+ along with ESG management innovation,
installed ESG Management Team, and declared innovation in ESG management
Incheon Airport ’s Sustainability Management Evaluated to be the Best
Incheon Airport has always been pursuing to be the world’s best in terms of sustainability management.
Our efforts have been proved by winning various awards over the years.
2015
Climate Change Grand Leaders Awards, Public Category (awarded by the Climate Change Center of Korea)
2016
First Prize, KCCI & Forbes CSR Award, Global Contribution Category
2017
CVS Porter Prize (awarded by the Ministry of Trade, Industry and Energy)
2018
Vision Awards (US), SR Report Category
2019
Presidential Citation, Government Awards for Meritorious Service in Social Welfare
2020
Health and Welfare Minister Award for Excellent Company, CSR in the Community Day
2021
Grand Prize, Korea Management Awards, Social Value Category (8 years in a row)
Grand Prize, Korean Sustainability Index (12 years in a row)
Presidential Award, National Quality Innovation Awards, Social Value Category
ESG, No Longer an Option to Put on Hold
ESG is the most powerful initiative for sustainability management.
The discourse on CSR and CSV has evolved into ESG that embraces corporate governance.
1990s'
2010s'
2018
2021
CSR
CSV
SV
ESG
Definition
Corporate social responsibility
Creating shared value
Maximizing public interest in addition to economic value
Key elements affecting corporate sustainability (e.g. environmental, social, and governance factors)
Key value
Goodwill and good deed
Creating economically and socially high values that are shared by society and companies
Creating stakeholder values and interests
Sustainability of corporate investment and non-financial impact
Our response
Expanded community, public, and global contribution projects
Selected and promoted key CSV projects (12), such as for job creation and open innovation
Developed SV indicators and used the indicators in assessment
Organized a team specializing in ESG and pursued preemptive ESG management
“For us, for a sustainable life of humanity, we will evolve to a global innovative company by internalizing environmental and social values and strictly practicing transparent and ethical management.”
- President & CEO Hag-Jae Lee -
Framework for Incheon Airport ’s ESG Strategy
Incheon Airport ’s ESG innovation strategy has been developed on the basis of the following three strategies and guidelines.
ESG, which stands for environmental, social, and governance, refers to non-financial elements that affect the corporate value.
E Environment
Climate change and carbon environmental regulation, ecosystem
resource and waste management, energy efficiency
S Social
Socially responsible management, safety, health, human rights, diversity
contribution to local communities, data security, privacy
G Governance
Governance structure of law, compliance, and internal control
fair competition, ethics management, BOD and audit committee
Why is ESG Important?
ESG has evolved from a level of charity to an essential element for a company’s existence.
Demand for ESG from stakeholders that affect corporate management and value
Stricter ESG regulations
Tightening of the obligation of companies to disclose ESG information
Strengthening carbon reduction regulations and companies’ effort for compliance to achieve “Net-Zero” by 2050
Increased ESG demand by investors
Reinforcement of stewardship code to promote governance improvement, etc.
Expansion of responsible investments of pension fund and asset management companies and ESG investment strategies
ESG reflection in corporate assessment
Global credit rating agencies actively reflecting ESG elements in credit rating
Increased ESG demand by customers
ESG emerging as a key element in supply chain management and partner selection Increased demand for customer ESG among the Millennials and Generation Z
