Events Recap

2025 CoREi Members’ Meeting

The Corporate Renewable Energy Initiative (Korea Sustainability Investing Forum(KoSIF), UN Global Compact Network Korea, WWF-Korea) held the 2025 CoREi Members’ Meeting at Aston Hall, British Embassy Seoul, on Wednesday, January 22, 2025. The meeting was organized to review renewable energy policy and industry trends for 2025 and share corporate cases on strategies for expanding renewable energy use, exploring directions for a sustainable energy transition.

Hyunjin Cho, Deputy Director at the Ministry of Trade, Industry and Energy, opened the program with a presentation on '2025 Trends in Korea's Renewable Energy Policy.' Building on the Strategy for Strengthening the Renewable Energy Supply Chain announced last May, he introduced plans to expand renewable energy through government-led, planned deployment and to invigorate the voluntary renewable energy market by opening a PPA brokerage market and issuing certificates for self-generation facilities. A Q&A session followed with Hyunjin Cho, Deputy Director at the Ministry of Trade, Industry and Energy, and Jeongseok Lee, Head of the RE100 Team at the Korea Energy Agency, covering discussions around self-generation facility certificates and the PPA brokerage market.

Next, Heekyung Han, Officer at the British Embassy Seoul, gave a presentation on 'The UK's 2030 Renewable Energy Plan.' She introduced the UK's '2030 Clean Power Mission' and explained that the UK plans to shift at least 95% of its electricity to clean energy by 2030 and raise renewable generation capacity to two to three times current levels.

Presentations on corporate cases followed. Inho Jeon, Specialist at LG Energy Solution, presented 'LG Energy Solution: RE100 Status and Recommendations,' outlining the company's carbon neutrality goals of achieving RE100 by 2030, carbon neutrality by 2040 and RE100 across its supply chain by 2050, together with implementation strategies including the switch to renewable energy, the establishment of a carbon-negative roadmap, and the provision of carbon neutrality guidelines to help suppliers move to renewable energy.

Finally, Hwanju Lee, General Manager at NH Investment & Securities, presented 'SI Collaborative Financing Solutions and Financing to Accelerate the RE100 Transition,' introducing cases of an 'SI (Strategic Investment) collaborative financing solution' that allows even the early development costs of renewable energy projects to be raised on the domestic financial market, along with cases of 'financing to accelerate the RE100 transition' involving direct PPA rooftop solar financing.

*Corporate Renewable Energy Initiative (CoREi) is a Korean initiative that encourages companies to voluntarily transition to renewable energy and supports them in setting and implementing the resulting targets. Jointly launched in 2020 by Korea Sustainability Investing Forum(KoSIF), UN Global Compact Network Korea and WWF-Korea, it builds an ambition loop between policymakers and the private sector to drive substantive change in renewable energy policy. Beyond helping companies resolve the challenges they face inside and outside their organizations in procuring renewable energy, it serves as a channel for sharing awareness and exchanging information on expanding renewable energy use.

Inquiries: syseo@kosif.org, nhn5505@kosif.org