OCI Included in '2020 DJSI Korea Index' for 12 Consecutive Years

[Asia Economy Reporter Hwang Yoon-joo] OCI has been included in the 2020 DJSI Korea index for the 12th consecutive year, once again recognized as a top-level ESG (Environmental, Social, and Governance) company fulfilling its social responsibilities.

OCI (President Kim Taek-jung) was certified for inclusion in the 2020 DJSI Korea at the '2020 Dow Jones Sustainability Indices (DJSI) International Conference' announced on November 14. The DJSI is a sustainability evaluation/investment index that comprehensively considers not only economic performance but also environmental, social, and governance (ESG) aspects, serving as a benchmark for comparing corporate sustainability management levels and responsible investment. Notably, this year, only OCI and LG Chem among domestic chemical companies were included in the DJSI index for 12 consecutive years, reflecting OCI’s excellent performance in areas such as environmental safety, transparent management, and social contribution activities.

This year, OCI implemented the 'Safety 2020' project to strengthen safety and health management capabilities in the environmental safety sector and made various efforts for safety management, including sending monthly CEO safety letters. Additionally, to promote transparent and ethical management, OCI formed a board of directors with expertise, responsibility, and diversity, introduced performance evaluation systems for the board and committees, and made multifaceted efforts to improve governance, such as ensuring the independence of the audit committee.

Furthermore, OCI actively engages in various social contribution activities, such as establishing its subsidiary ‘OCI Dream,’ a standard workplace for people with disabilities, providing quality jobs in four fields including food service, office support, and cultural projects, thereby contributing to the creation of healthy social values. Employees also voluntarily collect donations through the 1004 Fund to support marginalized groups, and OCI has continuously carried out social contribution activities such as the ‘Solar School Project,’ donating solar power facilities to 300 elementary schools nationwide.

Kim Taek-jung, President of OCI, stated, "Going forward, OCI will continue to fulfill corporate social responsibilities not only through economic performance but also by pursuing mutual growth and win-win management with partner companies, leading ESG management (Environmental, Social, and Governance), which is a current key topic, and fulfilling corporate social responsibility."

Since 2010, OCI has published an annual sustainability management report and has been a model of ethical management, receiving awards such as the ‘2011 Audit Award’ and the ‘2012 Transparent Management Award.’ It also won the ‘2013 Korea Sustainability Management Award’ in the labor-management cooperation category and was selected as the ‘2016 Korea’s Most Trusted Company,’ consistently gaining recognition as an excellent management company both domestically and internationally.

OCI also achieved an integrated A grade (Environment A, Social A+, Governance A) in the 2020 ESG evaluation conducted by the Korea Corporate Governance Service, which assessed a total of 908 listed companies, demonstrating its excellent sustainability management system.

In the 2020 DJSI Korea index, 42 companies, accounting for 21.5% of the 205 evaluated companies, were included. The Dow Jones Sustainability Indices (DJSI) comprehensively consider economic performance as well as environmental, social, and governance (ESG) aspects in their sustainability evaluation index.