POSCO ENERGY's Energy Dream project
Description
POSCO Energy, leading the energy business, such as LNG power generation and renewable energy, contributes to the stable supply of electricity through its businesses and mainly improves energy efficiency and strengthens living safety of homes and facilities of energy-vulnerable groups who lack supply of enough energy due to economic reasons. POSCO ENERGY improves the warmth of residential environment through the installation of double windows, insulation, and boiler replacement, and replaces the lamps with LED to help energy-vulnerable groups to live in a bright environment with low electricity bill. POSCO ENERGY contributes to securing the sustainability of energy use through the donation of photovoltaic system and creates a bright and safe space through the murals project for the aged and dark spaces.<br />
By conducting talent volunteering services for improving energy efficiency, photovoltaic system support, and electricity inspection to realize energy welfare of the energy-vulnerable groups, POSCO ENERGY reduced the energy cost burden for the energy-vulnerable groups in the perspective of social welfare and environmentally, POSCO ENERGY is taking the lead in sharing green value by reducing CO2 emissions, which affects climate change. In 2017, POSCO ENERGY contributed to the stable energy supply of UN SDG 7 by reducing the annual energy cost of 17.86 million KRW through conducting various projects for 41 households and 2 sites and at the same time, brought the effect of reducing 138,450kg of CO2 emissions. As an environment-friendly activity in resemblance to planting 49,841 20-year-old coniferous trees, this has brought indirect effects in response to the climate change, including global warming. From 2018, to strengthen autogenic power and secure sustainability of the beneficiaries in accordance with the residential environment improvement, POSCO ENERGY has been implementing training with Korea Habitat to enhance residential environment management of organizations that have been provided with photovoltaic system from POSCO ENERGY. In addition, POSCO ENERGY is carrying out activities with wall made(social enterprise) to contribute to securing the safety of UN SDG 11 residence by making it possible to safely use school zones and alleys that can become a crime-ridden district by constructing brightly colored murals in dark and aged spaces near schools.
Through the Energy Dream project, POSCO ENERGY is helping sustainability of the cities and local communities of UN SDG 11 by supplying the energy needed. Not only considering the cold of the winter season due to climate change but also in accordance with the rising difficulties of the energy-vulnerable groups due to the lack of energy needed for summer heat, POSCO ENERGY plans to raise financial resources and strengthen electricity inspection through technical support of finance and engineers. In Indonesia and Vietnam, POSCO ENERGY started Energy Dream project newly.
In order to utilize the fund appropriately, POSCO ENERGY is selecting fair support targets and executing funds through the Community Chest of Korea and POSCO 1% Sharing Foundation. By collaborating with NGO and social enterprise including Korea Habitat, POSCO ENEGERY enhances the expert of the project. Moreover POSCO ENERGY provides opportunities for the employees to participate in the Energy Dream project, such as papering walls, installing insulation, and etc. POSCO ENERGY is measuring the improved effects through energy diagnosis, utilizing blower door test before and after construction, infrared thermal imaging camera, and CE3 program, etc. and continuing to make improvements through the satisfaction survey of the beneficiaries.
SDGS & Targets
Goal 7
Ensure access to affordable, reliable, sustainable and modern energy for all
7.1
By 2030, ensure universal access to affordable, reliable and modern energy services
7.1.1
Proportion of population with access to electricity
7.1.2
Proportion of population with primary reliance on clean fuels and technology
7.2
7.2.1
Renewable energy share in the total final energy consumption
7.3
7.3.1
Energy intensity measured in terms of primary energy and GDP
7.a
7.a.1
International financial flows to developing countries in support of clean energy research and development and renewable energy production, including in hybrid systems
7.b
By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States, and land-locked developing countries, in accordance with their respective programmes of support
7.b.1
Installed renewable energy-generating capacity in developing and developed countries (in watts per capita)
Goal 11
Make cities and human settlements inclusive, safe, resilient and sustainable
11.1
By 2030, ensure access for all to adequate, safe and affordable housing and basic services and upgrade slums
11.1.1
Proportion of urban population living in slums, informal settlements or inadequate housing
11.2
11.2.1
Proportion of population that has convenient access to public transport, by sex, age and persons with disabilities
11.3
11.3.1
Ratio of land consumption rate to population growth rate
11.3.2
Proportion of cities with a direct participation structure of civil society in urban planning and management that operate regularly and democratically
11.4
Strengthen efforts to protect and safeguard the world’s cultural and natural heritage
11.4.1
Total per capita expenditure on the preservation, protection and conservation of all cultural and natural heritage, by source of funding (public, private), type of heritage (cultural, natural) and level of government (national, regional, and local/municipal)
11.5
By 2030, significantly reduce the number of deaths and the number of people affected and substantially decrease the direct economic losses relative to global gross domestic product caused by disasters, including water-related disasters, with a focus on protecting the poor and people in vulnerable situations
11.5.1
Number of deaths, missing persons and directly affected persons attributed to disasters per 100,000 population
11.5.2
Direct economic loss attributed to disasters in relation to global domestic product (GDP)
11.5.3
(a) Damage to critical infrastructure and (b) number of disruptions to basic services, attributed to disasters
11.6
By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management
11.6.1
Proportion of municipal solid waste collected and managed in controlled facilities out of total municipal waste generated, by cities
11.6.2
Annual mean levels of fine particulate matter (e.g. PM2.5 and PM10) in cities (population weighted)
11.7
11.7.1
Average share of the built-up area of cities that is open space for public use for all, by sex, age and persons with disabilities
11.7.2
Proportion of persons victim of non-sexual or sexual harassment, by sex, age, disability status and place of occurrence, in the previous 12 months
11.a
Support positive economic, social and environmental links between urban, peri-urban and rural areas by strengthening national and regional development planning
11.a.1
Number of countries that have national urban policies or regional development plans that (a) respond to population dynamics; (b) ensure balanced territorial development; and (c) increase local fiscal space
11.b
By 2020, substantially increase the number of cities and human settlements adopting and implementing integrated policies and plans towards inclusion, resource efficiency, mitigation and adaptation to climate change, resilience to disasters, and develop and implement, in line with the Sendai Framework for Disaster Risk Reduction 2015-2030, holistic disaster risk management at all levels
11.b.1
Number of countries that adopt and implement national disaster risk reduction strategies in line with the Sendai Framework for Disaster Risk Reduction 2015–2030
11.b.2
Proportion of local governments that adopt and implement local disaster risk reduction strategies in line with national disaster risk reduction strategies
11.c
Support least developed countries, including through financial and technical assistance, in building sustainable and resilient buildings utilizing local materials
SDG 14 targets covered
| Name | Description |
|---|
Deliverables & Timeline
Resources mobilized
Partnership Progress
| Title | Progress Status | Submitted |
|---|---|---|
| Partnership Progress 2020-01-27 | Inactive |
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Contact Information
Miyoung Kim, Senior Manager