Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]These activities which are discussed in the meetings are reflected in short-, mid and long-term plans and the relevant investment plans after assessing the impact of the risks and studying the feasibility of new projects (e.g. evaluating and managing climate change-related risks and opportunities), leading into the implementation of emission reduction projects. The activities are also monitored by the related budget targets in terms of their execution progress and performance indicators and are analyzed through KEPCO Business Indicator (KBI), which will be reported to BOD, if necessary. KEPCO evaluates the environmental performances of all departments in the company by managing the EPE (Environment Performance Evaluation) and using the EPI (Environmental Performance Indicators). These indicators are examined annually by KEPCO headquarters and verified and certified every three years by an authorized agency.
The EPI indicators are as follows (10 in total):
- 2 Environmental Management Indicators (ISO14001 certificate ratio, green product procurement ratio)
- 3 Environmental Risk Indicators (water consumption, energy consumption, R&D investment costs)
- 3 Environmental Partnership Indicators (underground transmission line ratio, underground distribution line ratio, indoor substation ratio)
- 2 Climate Change Indicators (carbon emissions performance, transmission/distribution loss ratio)