GS Caltex announced on the 25th that it has been selected as the number one corporation in the New Energy institutional sector in the survey conducted by Korea Management Association Consulting (KMAC) on 'the most respected corporations in Korea.'
The survey evaluates core values necessary to become a respected corporation, including innovation capability, shareholder value, employee value, customer value, social value, and image value, and announces the top corporation in each industry. It has been conducted since 2004, marking its 22nd edition this year.
In this survey, a New Energy institutional sector was established in response to the global key issues of energy transition and carbon reduction. GS Caltex was recognized for its proactive efforts in responding to the paradigm shift in the energy industry by expanding low-carbon new businesses, and it was selected as the number one corporation in the New Energy institutional sector.
GS Caltex has been expanding low-carbon new businesses such as hydrogen, carbon capture, utilization and storage (CCUS), waste plastic recycling, zero-carbon steam, and biofuels based on the stable growth of its existing refining and petrochemical business.
Chairman Huh Se-hong of GS Caltex noted, 'We will continue to steadily expand low-carbon new businesses to build a sustainable business portfolio while responding to the energy transition in a balanced manner.'