Kakao Pay to run Pangyo office with renewable energy

Quick Summary:

South Korea’s Kakao Pay Corp.said on Monday that it signed a green premium purchase agreement with Korea Electric Power Corp.(KEPCO), the South Korean state-run utility company, and has begun procuring renewable energy for its electricity usage.

Previously, Kakao Pay committed to participating in its parent company Kakao Corp.'s Active Green Initiative and, in its 2023 ESG report, established the RE100 goal of transitioning 100% of its electricity usage to renewable energy by 2040, along with a roadmap to achieve this.

Through this purchase agreement, Kakao Pay will procure 100% of the electricity consumed in its business operations at the Pangyo office in the second half of this year from renewable energy.

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Article Details

Category: Economy

Markets: South Korea

Topics: Kakao Premium Electricity Usage Energy Company Corp Green South Purchase Renewable

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 17:19:15 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 165 words

Reading Time: 1 minutes read

Sentences: 11 lines

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Copyright Owner: © Korea Economic Daily

News ID: 22255777

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