S-OIL said Wednesday that it established an in-house ESG committee to strengthen environmentally-sustainable management practices.
The ESG committee will be tasked with creating basic environmental, social and governance (ESG) policies, strategies and a roadmap to enable the systematic and integrated management of such practices.
The committee will consist of seven members ― the heads of the Corporate Strategy HQ, the Corporate Affairs Division, the Safety & Environment Division, and the Refinery Innovation & Coordination Division, the Treasurer, the Compliance Officer, and the president of Corporate Strategy & Services, who will chair the committee.
It will convene a regular meeting every quarter to discuss, evaluate, and deliberate ESG management activities.