- Through Green Energy, KEPCO KPS Will Become a Company Beloved for Driving Sustainable Growth!
- Customers, shareholders, partners, and stakeholders, including executives andemployees,
I appreciate your constant interest and encouragement for our continued growth
and development.
With the prolonged and unexpected pandemic, the climate crisis, which threatens
the global environment and humanity itself, grows increasingly severe. Moreover, the
collapse of the global supply chain, the explosion of national and social conflicts, the
acceleration of the economic crisis, and the increasing risk to energy security have
made the creation of a ‘sustainable future’ more urgent.
Thus, KEPCO KPS has declared its intent to engage in ESG management and focused
its capabilities on internalizing ESG management to effectively respond to the global
market and the government's policy stance under the vision of becoming a ‘beloved
sustainable growth company with Green Energy’. Despite difficult internal and
external conditions such as the COVID-19 pandemic and the rapidly changing energy
conversion policy, we achieved record sales in 2021 and recorded an operating profit
of KRW 135.4 billion, thus, maintaining sound growth.
Over the last 38 years KEPCO KPS has grown to become the center of Korea's power
plant maintenance industry. It has contributed to a stable power supply, and the
development of the power industry through improved power plant performance and
reliability resulting from continuous technology and human resource development.
We have become a global company with world-class power facility maintenance
technology. KEPCO KPS will continue to strive to be a sustainable company loved by
the public through our focus on the ESG management system.
In particular, we plan to issue a sustainability report every year, starting this year, to
inform external stakeholders more transparently and actively about specific action
plans and achievements in upgrading our ESG management. With this report, KEPCO
KPS promises to actively implement ESG management focusing on the following
four aspects.
First, we will strive to spread the safety first management principles.
KEPCO KPS, by applying the principles of safety first management, has achieved three consecutive years of
zero major disasters. By establishing a safety management system that involves the implementation of the
highest safety standards, reorganizing and reinforcing personnel, and strengthening on-site safety responsibility
management activities. With worker safety as our top management policy, we will continue to focus our
capabilities on creating disaster-free workplaces .
Second, we will lead ESG management among public corporations.
KEPCO KPS strives to be a leader in ESG management among public corporations by establishing an ESG committee
within the board of directors, establishing ESG management plans and key ESG performance indicators suitable for
KEPCO KPS based on ESG teams, and systematizing ESG activities. We plan to strengthen the ESG risk management
system, develop representative indexes, and build cooperative governance based on stakeholder participation to
internalize ESG management.
Third, we will strengthen our core business competitiveness.
By promoting business innovation in response to carbon neutral policies and mid- to long-term strategies we will
strengthen our core business competitiveness. Furthermore, we will promote management activities that focus on
creating customer value by focusing on the basic idea that our customers are the company's foundation. Based on
differentiated professional capabilities, we will improve the efficiency of customers' power generation facilities and
improve performance reliability by providing complete services to power generation facilities.
Fourth, industry expansion will extend the future growth engine of the company.
With the expansion of energy conversion and eco-friendly power generation, KEPCO KPS is developing necessary
technologies, cooperating with more advanced companies, and cultivating key talent to establish a preemptive
foundation for nuclear dismantling projects. Additionally, we are developing a profit-sharing business model to
expand both the new and renewable energy businesses. Moreover, we will expand our future growth engine by
reinforcing orders for EPC and Operations & Management(O&M) projects, performance improvement projects, and
international projects based on eco-friendly and renewable Green Energy such as solar power, offshore wind power,
and LNG power generation to contribute to establishing energy security and create new energy industries and
markets.
- KEPCO KPS will continue to leap forward as a ‘Green Energy sustainable growth company beloved by the public’
under the vision of the ‘World's no. 1 grand platform company in the power facility maintenance industry’, leading the
global power facility maintenance industry ecosystem.
We ask for your warm support and encouragement to KEPCO KPS.
Thank you. -
-
November, 2022
CEO Hong-Yeon Kim
