How to achieve sustainability through ESG management│Schneider Electric│Knowledge Stream

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[Music] good morning i am john moon professor at korea university business school holding today's megyong knowledge stream session to talk about achieving corporate sustainability through esg it has been a year and a half since covet 19 pandemic has ravaged the entire planet the pandemic hit the most disadvantaged people in the society especially hard calling for the discussion on economic justice record-breaking heat and extreme climate events are becoming more and more common these are great challenges that our human civilization is facing and in response corporations are emphasizing sustainability in their business models and in their global operations one of the key features of sustainability is its emphasis on non-financial metrics in terms of esg performance that's a shorthand for environmental social and governance performance now firms can more than just their financial performance and the bottom line as they are turning their attention to stakeholder performance and they are caring about how to reduce their carbon footprint how to trying to achieve carbon neutrality how to benefit their customers by providing them with safer products and services how to make their employees develop their career further how to share their technologies and know-hows with their suppliers to make them better partners and how to share some of the corporate prosperity with local communities all while sticking to business ethics transparency and accountability that benefit their shareholders in their governance this is a very different perspective on how corporations should operate than a shoulder-centric view of the last 40 years today i'm here with my distinguished guests to discuss these exciting changes mr manish pent east asia and japan own president of schneider electric who is currently in singapore and ken rock kim kr cluster president at schneider electric korea taiwan and mongolia gentlemen good morning good morning it is my great pleasure to be here with you today and have a chance to discuss these very important topics of corporate sustainability and esg thank you and and it's a privilege to be here with you uh this morning john thank you and john happy to be a part of this very important discussions with you today thank you that's great right uh so let's get to the chase the first question i would like to address to manage i understand that schneider electric has been pioneering in the field of sustainable management for over 15 years now and you know 15 years ago sustainability was not as popular as it is today and i know this because i was writing my doctoral dissertation on exactly this topic 15 years ago so it is impressive what schneider electric has been doing and i'm curious to know if you can characterize the ultimate goal of pursuing sustainable management for schneider electric could you share it with us sure no thank you thank you john for that question uh for for us at schneider uh our purpose uh is to empower all to make the most of our energy and resources bridging progress and sustainability for all and and this is what we call it schneider that life is on for for our customers our partners our employees and and this is what we are passionate about doing now you mentioned about sustainability uh i think let's uh put the context as as you rightly said that you know we have to make sure we limit the temperature rise uh to 1.5 degrees uh which is what is required for this planet to survive and in order to reach that 1.5 degrees we need to have carbon neutrality by 2050 and that's that's that's something that we have to achieve and before that by 2030 we need to be reduce the carbon as compared to the last century by close to between 30 and 50 and if you don't do that there is no way we are going to achieve our 2050 goal of net neutrality as corporations so the the governments are doing it there's a plan in paris climate agreement which has been signed by the by uh by the countries i think we as organization responsible organizations also have a strong commitment to make that happen and schneider uh is doing that schneider is doing that for first for itself as uh as a responsible corporate but also bringing that for our customers so that we can ensure that you know uh our our customers the suppliers and partners are also on the path of this journey so i think that's that's something which is which is very very important for us and for uh i would say that schneider and sustainability go a long way we have started i would say almost 15 years ago when we started to monitor the impact on our people planet and profit in what we said as at that point of time the industry leading sustainability barometer and uh you know today after 15 years we can say we have saved our customers almost 120 million tons in carbon dioxide emissions and have given about 30 million people more access to energy and i think our last year we were ranked as the world's most sustainable corporation according to corporate knights actually it was in january 2021 so this is what we have been doing uh and clearly this pandemic that we are in and and you mentioned that at the beginning of the presentation uh that it is something that reminds us that lot more needs to be done we have 10 years to achieve the paris climate agreement and to reach the 1.5

degree and to reduce the carbon last year was the first year that the carbon consumption went down by 7 i think that's a great start but clearly let's all recognize that we have much more to do in order to to achieve that right so uh schneider electric has been focusing on sustainability and as a consequence it has been recognized as the leader in the industry and it benefited economically and financially as well that sounds pretty interesting yes it's uh it's something that it is something that we do for a living which is to bring sustainability to our clients to our customers and therefore you know yes for sure it's uh it's a good business but that's a business uh that is really saving the planet you know that's why i say that we are serving a purpose uh by doing this business right at this juncture i would be curious to know kr uh what schneider electric korea has been contributing to this global effort uh sure john um esg is a systematic approach uh embedded at every level of a company from business to partnerships from cultures to governance to access every progress and every difficulties and doing so allows the company to provide support and mobilize and really to ensure an impactful actions so along with these six long term commitments that are frameworked by the corporate we do have a local specific uh actions uh for esg in korea there are four key pillars number is that how we make our workplaces to be more inclusive and diverse at the workplace the second one is that how we really make sure that our technologies help our partners and clients for them to really be as smart really being the carbon neutral or less carbon uh the facilities the third one is that the factories we are running in korea also to be an example of smart factories smart manufacturing and smart machines uh for us to showcase uh to our clients and partners and not last last not the least is about how we keep continue for our uh the corporate shared values and also our reactions to the societies which has been running over the two decades now and we also take a serious part of it as our esg actually i see so your sustainability operation is integrated throughout the global operation and each country has responsibility and roles to play yes sounds very interesting i could also answer that question for what we do at uh at a global level right uh so just as kr was mentioning that uh you know at schneider we have what we call as the schneider sustainability impact uh the it's an index that we have created from 2021 to 2025 and and this program contributes to each and every one of the united nations sdg goals right and in line with that we have taken six long-term commitments that enable us to drive action not just through ourselves but through our partners for our customers and local communities now just to just to name these long-term uh commitments for sustainability so first is to act for a climate positive world which is by continuously investing in developing innovative solutions that deliver uh lasting decarbonization in line with our carbon pledge uh that i mentioned before uh 2025 key impacts would be for example we we set a very clear kpi that we want to have 80 green revenues we want to avoid 800 million tons of carbon dioxide uh and ensure that our top thousand suppliers are reducing carbon emission by 50 so it's a it's a complete end-to-end uh commitment that we are taking the second one is around to be efficient with our own resources uh to behave responsibly and and of course to use the digital technology to preserve a planet uh and and and this is what we'd be doing uh the third one is living up to our principles of trust uh and upholding ourselves and and those around us to high social governance and ethical standards i think this is uh this is what we do in korea as as kr we're saying so this is pretty universal all over the world uh we and and here some of the key impacts that we have uh we have set for ourselves is to have 100 of our strategic suppliers providing decent work to employees and and i say that as per the definition of the international labor organization and also the level of confidence of employees to report behaviors against our principles of trust so at schneider we are principles of trust and we have a mechanism by which every employee can report a behavior which is not following those principles of trust and that's very universal every schneider entity in every country there the the employees are able to do that and i think this is what you know makes us give a real commitment to what we call as esg and ensure that it is going all the way within the organization i think that's what is what is very critical the next one is about creating equal opportunity for employees that are valued and work in a very inclusive environment to develop and contribute their best we have taken a target of 50 40 30 in terms of gender diversity very much committed that all the hiring we will do 50 will be women 40 of our frontline managers would be women and 30 percent of our leadership teams would have been in in them the the next one is around harnessing the power of all generations so you know it's not just gender diversity it's also about diversity of generations that you would like to have and also we would like to expand expand it to the larger ecosystem where we want to have one million underprivileged people trained in energy management we are in the business of energy management and therefore we feel we can up skill and ensure that there is there are opportunities for people to get gainful employment in in this sector and then it is about empowering local communities by promoting local initiatives and enabling individuals and partners to make sustainability a reality for all and this is again what kr mentioned that so for kr in in korea has specific targets uh to ensure that he's taking at least three local commitments uh to to ensure that as part of this ssi we are doing that and same for all over the zone and all over the world so again uh a very comprehensive uh strategy that we have and hopefully there are other companies will be you know we are very happy to share that with other companies and see how we can how we can be helping them build this uh their own aesg strategies yeah thank you for that uh explanation on your comprehensive plan and strategy uh pursuing sustainability and the key factor is esg right that kind of makes it concrete to measure and implement your sustainability strategy so uh could you share with us uh what would be the best way you can implement esg successfully in your everyday business operations sure it's a it's a great question and uh i think the the way uh like to like to put it forward is we can think of it around four dimensions that we could build our our esg deployment strategy the first one is about developing a solution you know the starting point of any action needs to be centered around developing solutions that are able to deliver sustainable growth in our business so for example at schneider electric we are making climate positive solutions that drive efficiency and leveraging the power of digital innovation and technologies for our customers that's that's number one the second is a culture of commitment and i talked about that before that esg transformation needs to come not just from the top it's not just about let's say our ceo or or in our geography it is about kr or myself just being committed to it but it has to extend to the whole organization and span everything that the business does and also behaves for example diversity inclusion things that are talked about in our ssi the openness and ethics it all needs to be part of the value and again as leaders we need to be making public pledges uh with constant measurement and recalibration i think let's let's recognize the fact that it's a very dynamic environment and you know this pandemic has told us uh has that you know things can change in in six to 12 months time and we start to do things that we probably cast in stone that we'll never do and and you know we have to change all of that so this needs to be recalibrated just as at schneider electric we started this journey 15 years ago and we kept raising the bar for our customers uh for for for reinforcing these commitments every three to five years i think the the next one is about shared vision uh and again uh this is about partnerships and here coalitions are very important let's recognize that you know we are just one cog in the wheel and and we have to make sure that we are able to influence and we are part of the larger ecosystem that that each one off is and and here the strategy has to address and impact the full value chain of our customers suppliers partners and the sustainability commitment should extend all around them and all this is in the interest of what our today our employees want our customers want and also our investors value more and more so for us we have been part of the un global compact uh and uh as and uh you know which is developing the sdg goals we are part of he for she which is the the diversity which is part of the diversity that you know corporations are committed to and also for the business ambition for 1.5 degrees and several of them finally the fourth uh dimension would be the embedded approach that esg is is a systematic approach which needs to be embedded at every level of the company from business to partnerships from culture to governance and to and we need to be able to assess the progress and make sure that we are able to overcome the difficulties that we are that we are facing in in doing this implementation and this is uh doing so helps us provide uh to bring an impactful action uh into into what we are trying to do so in a sense this is what i would say is the way we have followed the deployment and other corporations can be doing the same in terms of building their sustainability strategy uh we have put uh you know a lot of these commitments and we started to see uh the results that are that are coming from it maybe i can also share some of the other specific goals that as part of the strategy that we have taken for ourselves at schneider electric so you know in in scope uh one and two uh we which is within the hydroelectric operations uh for sustainability we have said that we are going to be carbon neutral uh by 2025 with offsets by 2030 we will be net zero carbon in operations without any offsets and by 2050 we are committed to a net zero uh carbon across the full chain for uh scope three as well which is con which is taking into account what the suppliers and our customers would be doing right right that's that's that's an ambitious goal that we've taken but we clearly believe that as a leader uh uh in uh in in in the world in the in in the business of energy management we have to lead from front and there absolutely that's been taken yes thank you very much for sharing this ambitious vision and goal uh kr do you have anything you can add to that you know if you can share some local examples from korea that would be great so eventually there is a proven cases we are running uh inside of the country here uh we do have two factories and one of them is a very uh old let's say old factory over there 40 years old factory small factory but very meaningful because you know these factories are managing the uh 60 of the energy electrical energy consumed by electrical motors in the industry so uh we are taking around 50 percent of a market share in korea uh which means that uh you know all the electrical motors 50 of the electrical motors are powered and protected by our technologies now uh this factory uh uh uh is a very small factory uh only 40 people are there and uh we we transform these factories from the labor intensity factories to this automated factory now since last years to the smart factory and we deployed these full ecostructures from the iot enabled devices in the power management and also in the process and on the machine management then uh we apply the uh the edge layers uh that allows all the controllers to do the the instant management of the old incidents and all the processes there at the fg and we apply also augmented realities and also power monitoring the software in order to manage the carbon emissions power quality uh manufacturing uh the execution systems as well as our uh the people there so this is again the proven case how you know small and medium-sized manufacturing companies can and be transformed to the smart factory and smart factory uh it applies from end to end from the 50 years old the small legacy regardless of the size of the factory uh it applies from small factories old factories to the new large capex for the high critical process industry okay thank you so much for your insights these days uh esg is very fashionable among korean corporations as well with a lot of korean firms declaring so-called esg management what do you think of korean state of esg and sustainability how would you evaluate them especially what they are doing right and what they are lagging behind their global peers kr could you answer this question first yeah i i think the many korean companies they have started to pay attention to esg frameworks and and initiatives and we see strong leadership by the way uh from many korean companies uh and and it starts to play a key role uh taking this importance around the esg into their futures and putting at the core of their operations today um and domestic companies i mean the korean companies they focus more on the environment aspects among the three criterias the initiatives such as divesting from the core related business promoting their uh eco-friendly products and issuing the green bones are a few of the cases that we could uh pick uh a bit from now many companies are also focusing on the carbon neutrality with the year 2050 targets in mind and we see companies doing pretty good in transitioning to the renewable energy sources and digitizations and the needles to say digital holes enormous the potential to reduce the global emissions i believe we have so many korean companies uh the world respects to their entrepreneurship agilities technologies and innovations and it is also an opportunity for korean companies to strengthen the positions in the worldwide markets by sharing the commitments and the outcome of all their astounded governments governance that eventually will help them to be more competitive and and to strive for the sustainable growth in an era of esg manish i'm sure you're very much interested in korean market and korean corporations as well so if you could share your insights about the esg status of korean corporations i would love to hear it well uh you know i would i would say first that with the caveat that i've just taken up this uh this role so i'm still trying to discover korea is clearly a very important market for us uh where we have uh been establishing ourselves uh i would say that uh for for for us it's a it's a global phenomena i think what this what we know that this climate change is is global and therefore it's great to see as kr mentioned that corporations are now getting more excited and really committed towards driving the sustainability which is so essential and i think to a large extent private enterprise private and public enterprise can really go a long way in terms of being that contributor we know that a lot of large corporations have have set the tone by by signing uh the 1.5 degree pledge and i i would i and it's great to see that the same thing is happening in korea and the good news is that today those solutions are available i think corporations like schneider electric and we were we are happy to bring the solutions that i just as we discussed before we are using ourselves that we could also be sharing with our customers and helping them on the journey of uh of sustainability you know the thing i would say about about korea is that why it is even more important is you know the world is about sustainability it's about digitization and uh you know it's about semiconductors which korea plays a very very important role uh it is about electricity uh where storage is going to play a very important role and again korea is at the forefront of that it's about electric vehicles which are you know going to be the big change in decarbonization uh that is going to happen in the world so again korea is at the forefront for it so you know it is only uh i would say very uh imperative and that korean corporations which are leading in terms of technology and providing a lot of infrastructure into this world of digitization decarbonization uh growth of electric uh consumption uh are are leading the way in terms of driving sustainability right thank you for your answers uh that naturally leads to my next question which is about your partners your suppliers specifically for small and medium-sized enterprises based on manufacturing do you have any technologies or solutions that you would like to share with them introduce to them or maybe i can i take them first yes please oh yes so john i i think uh you know what what before we speak about the uh the esgs for small and medium-sized company and and and sustainability uh what is important is that what a sustainability means for this small and medium-sized manufacturing company uh i mean i think i want to take three points here the number one is about the safety the second one is about environmental friendly manufacturing facilities and the third one is about resilience you know one of the the most top concern concern for any key decision makers whenever they operate their facilities machine and also processes is about the safety and whatever sustainabilities we talk about safety and needs to be guaranteed so that's number one and we try to make our manufacturing less carbon or the climate positive which means that the carbon positive and that can be also achievable uh by the technologies available today the last not the list is about the resilient company and what is the constant is that never gonna changes in this world of business is the fact that uh that uh we keep always you know uh changing so how do you make your operation and business uh to be adoptable and to be resilient to any disruptions or unexpected situations so if you look at the kobe situation last year is a good example for those companies entrepreneurs who has ability capabilities to manage the operations from shop floors up to the uh up to the enterprise management systems with the remote operations with the digital infrastructures with the software they have shown an outperforming result than uh then the one which is not the case and this is a good example and you know we do believe that there are a lot of changes disruptions evolution of innovation technologies and today what you whatever you we are going to invest has to be flexible and expandable because we need to adopt new technology and innovation so that we keep pacing uh with the uh with the evolution of of the technology so so that's uh that's a brief summary of the my view in terms of the definition of sustainability and esg especially for the environment for the manufacturing base so uh if i may have just just you know a couple of more words to to share with you so we have a technology is what we call the ecostructure ecostruxure is an open iot uh enabled platform and this uh the the ecostruxures it is designed to enable uh the all the hardwares and the devices and products uh for the iot functions and we have layers which is uh designed to control at the edges for the critical processes and and the the top layer which is about the software and analytics that provides you insight through our ai machines and also our experts towards the port and the market which are data center buildings infrastructures and the various industries that we are serving today so uh for ecostruxure i think uh there are i hope there is some more time i can share with you uh during this interview and i just would like to uh to to finish my first answers to your question john thank you yes i was uh about to ask you about the uh echo structure uh framework uh thank you for your uh answers uh so manish uh could you share with your insights uh at the you know wider level asia pacific level sure i think what uh kr mentions uh is applicable globally i would say that the values of sustainability safety resilience are are very universal for small enterprises and i would also like to add to that is that you know through our echo structure platform uh when you are driving sustainability it is about savings right you are you're saving carbon you're saving energy and therefore you're saving carbon so uh the the other aspect of sustainability is efficiency that we are able to improve productivity and i think in a competitive world while sustainability is is something which our customers want therefore it's a key element of differentiation but also you know sustainability leading to productivity and efficiency gains also help us that become that much more competitive and it's it's very very i would say important for smaller enterprises and and therefore it it makes a lot of business sense uh to have uh implementation of sustainability within the within the organization because it leads to saving it leads to productivity and therefore sustainability is i i would like us to think that sustainability is a driver for better bottom line so whatever makes sense for the environment it also makes a lot of economic sense for us to do absolutely i totally agree and and and then there are tools like echo structure as was mentioned by kr which are helping and providing a mechanism by which you know companies uh in different uh segments whether it's uh around manufacturing whether it's around data centers whether it's buildings uh or other infrastructure industries are able to to apply this uh across the full uh chain to to to control their operations to measure the performance to optimize and to uh to be more sustainable yeah so if i may uh did john you know eventually actually we have two factories we are running in korea and the factory is 43 years old the small factory you know only 50 people are there so one of the typical small and medium-sized the manufacturing facilities we can find a lot in korea you see 80 percent of the factories in korea are the those you know already quite a number of years in the operations and and sustainability esg as a part of esg can be achievable if you look at our factory there we implement all these three layers of eco ecostruxure structures and we manage the carbon we manage the power we manage the safety we manage the quality and we manage the people there right so i think uh if we if we think about the the sustainability and smart technologies uh the scope of applications for these technologies it goes everywhere from the 50 years old factory and to the new investment and capex our client is going to be thank you for your answers uh as a pioneer in terms of esg and sustainability schneider electric has a lot to offer i'm sure are you offering any consulting and advisory services on that front as well i would be curious to know manage sure um yes uh thanks john i think it's a great question uh clearly when we all are setting our sustainability strategy and you know it starts with building the strategy who do you go to and yes schneider is providing those services uh we are helping our clients design a strategy deliver energy efficiency in their facilities and also to help them sustain results over a long term so as an as an independent consultant we work with clients today in more than 100 countries and we have been delivering these services to small regional as well as world's largest corporations so the way we do it is we begin with a comprehensive sustainability strategy that leverages technologies across your organization we can help you ensure a sustainable organization by reducing your environmental footprint uh we can even help you buy renewable energy and and set up a business which is compliant with all the regulations and last but not the least we employ a very active energy management approach uh by breaking uh down the silos within the organization as we said that you know sustainability is an end-to-end approach and we are able to link that with the energy efficiency projects and the energy procurement projects now what we have also done is that we have introduced our beginning of this year we have introduced our climate change advisory service which is an evolution of our existing consulting services or or the sustainability services that we have been delivering uh to our customers it's a very uh integrated approach that spans energy management resource efficiency renewable procurement that i talked about carbon offsetting value chain decarbonization and then finally you know using all the data which is collected to see how we could uh we could use ai so that we are able to give better insights into improvement in the future so it's a it's it's something that we have we have started i think what i would also like to say that uh you know what is not so known but schneider today is actually one of the largest renewable energy advisor and we have been helping companies today for chase have a power purchase agreement for renewable energy irrespective of where they are in the world and we have almost eight gigawatts of energy that we manage for for our clients something that you know we we it's a secret it's a best kept secret of schneider electric if i may say so we have been helping uh companies like whirlpool that have been saying savings or for a million dollars by reducing waste and adopting these energy solutions and and we start to go and reinforce i would say our teams especially in asia uh to see how we are able to deliver these solutions and we talked about echo structure you know we also have a very specific platform uh within aqua structure which is called as echo structure resource advisor which is actually an online sustainability and energy management software which is giving instant and secure access for all the energy and environmental information to the enterprises and helping companies track their goals uh the performance against the goals that have been set up for sustainability so yes uh we we welcome and i think that we will be able to deliver these services in korea uh as well yeah i i really want to to to to double click here because i see that this is the values that we schneider electric as a company uh could cooperate with korean companies uh and at the same time we could serve better for them to be partnered with us i come back to to the points that i discussed about you know how much our korean companies are moving outside of the company and and we see that the majority of majority of the investments are happening everywhere in the world you know in poland hungary us germany and and so on and so forth now uh at the same time the uh the the one of the priorities for the decision makers should be how they make carbon neutralities and how they uh make achievement achievement for their esgs from the old facilities they are running all over the world and this requires again the specific knowledge experience and the network in each countries from the strategy building implementation of the technologies and road mapping so that which united electric have been in this industry for over than 80 years uh although our the the age of our company is more than 185 years old now so we have been running the operations all over the world over 120 companies so far and we are specialized in this era so we help our clients to make their facilities all over the world carbon neutrality and to to achieve their goals in esg okay thank you very much well so far our discussions have been focused mostly on environmental dimension naturally but i would be curious to know about other dimensions especially the social issues right do you have any ongoing projects regarding your corporate culture diversity and inclusion for example that you can share with us so yes uh for for us uh i i think we are very strongly committed uh towards uh as i was mentioning before uh in terms of what we do for um uh for for within the company as a contribution towards the social side uh as well as the governance side of things uh for us we have um you know schneider is committed to he for she i talked about our 50 40 30 which is around gender diversity uh to say that uh you know we have uh uh we have uh part of uh uh uh fifty percent of hiring would be women uh forty percent of the frontline managers would be women and thirty percent of a leadership team would be would be a women so that's that's that's that's clearly a key part of our value system uh we are uh also uh providing uh you know opportunities for uh all the generations uh you know what we what we would like to do is we would like to give two times more opportunities for the next generation in terms of interns apprentices as well as fresh graduate hires that schneider would be doing going forward by by 2025 and and then it is also about what we are able to give back to the community so that's something which is key part of it we've been uh running programs around access to energy let's also recognize the fact that while we're talking about electricity there are still a large part of the world which is still does not having access to energy and and and we we would like to do that uh we we have taken uh since 2008 we've been working on this program and we've given access to 50 million people uh we have already given we would like to give access since 2008 since the program has started by 2025 50 million people access to green electricity so you know we have specific offers through uh through our solar lanterns and microgrids that we want to bring electricity those people who don't have access to it we want to train people in energy management that's again a social commitment that we have taken in different parts of the world we have that uh very strongly running i talk about east asia in thailand in indonesia vietnam cambodia very specific programs where we are working with the government that we are able to provide that and i think it's also helping uh people uh go up uh in terms of uh you know the the opportunities that we have for uh for uh employment for wealth creation uh you know because they are they are under privilege so clearly that is something which which schneider is is very strongly committed to and i also mentioned about what we are doing in terms of our suppliers to be very i would say demanding in terms of the working conditions that are provided to the to the employees uh in in those suppliers so comprehensively that's uh that's something that schneider is committed to and we feel that you know all of this we clearly say is measured in terms of engagement of our own employees which is increasing year on year as a consequence of these practices uh and uh you know conformance to new standards where we are raising the bar for ourselves and therefore for the society so very very proud of that and i i think some of these things that we are doing are making schneider also as an employer of choice in in various geographies because you know clearly the new generation is looking for these elements and want to work in places that are recognizing all of these values thank you very much kr do you have any uh episodes you can share especially you know korea is a very seniority based society uh yes thank you well we are humble but nevertheless you know the the basic skeleton of philosophy values that we believe in around the diversity and inclusion is to empower our peoples to make decisions for their physical space and time to make the best of their productivity and and also the output from the world so in korea we have been implementing various programs like flexible working hours telework part-time work global family policies that can combine also work and family together so eventually as a result we ran it uh over the last several years now and and the great recognition from the michael porter award for three consecutive years in csv manishi mentioned that the hipposhi leader award even in korea and we have selected the company for the presidential award for excellence in gender equality so all in all we believe in the uh in the the way the creating the environment that i help different you know diversity uh to work and to dance at our workplace and and on top of that what is really important i want to make sure here is that you know whatever the decision you want to make whatever the policy you want to build uh that will uh brings you some consequences and what directions and believe you have is going to be the key and we do believe that diversity and inclusion is the fundamentals that allows our people intellectual uh conflict so that we create innovations from them thank you so much uh you know i have so many questions but you know time is running out and i understand that you are both very very busy today so i think this is the end of today's discussion i learned so much from today's discussion and i can certainly use some of your insights in my classes as well because you know today's younger generations they are particularly interested in learning more about sustainability and esg so i appreciate having this opportunity to talk about these issues important issues with the experts in the field and i would certainly love to see you know more korean corporations more corporations in asia pacific would follow schneider's lead in pursuing and deepening their sustainability practices thank you very much for your time today manish kr

2021-07-23

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