The world faces the biggest challenge in human history due to the intertwining factors of global climate change, demographic changes, deep exhaustion of resources and technological development. KT has established a long-term sustainable management strategy to focus on developing innovative technologies and capabilities and improve sustainability for humanity and the world. To efficiently execute this strategy companywide, it was Korea’s first telecom company to install a ‘Sustainable Management Committee’ in the BOD in April 2016. In addition, the company newly installed the sustainable management unit, an executive organization to implement the strategy and ensure timely execution, and run it with consultations from the Sustainable Management Committee, an exclusive advisory body.
A stakeholder means an individual or a group with an interest or concern in business directly or indirectly. KT has defined 8 major stakeholders in terms of business and function to efficiently communicate with them and reflect main issues in management activities while listening to their concerns and demands through various communication channels. Particularly, the company extended the scope of conventional stakeholder - customers, employees, suppliers and communities - to ‘environment,’ drawn new issues such as climate change and energy and used them in establishing strategies.