[ESG Management Era] LG Group Leads Economic Ecosystem Change with 'LG Social Campus'

Trash Busters participating in LG's social contribution program are showcasing reusable containers.

LG Group is leading the creation of an ESG (Environmental, Social, and Governance) economic ecosystem through its social contribution program, 'LG Social Campus,' which supports the sustainable growth of eco-friendly social enterprises.

This year, LG also selected the 'LG Social Fellow 11th Class,' eco-friendly social enterprises participating in the program, through processes including document screening, on-site inspections, and face-to-face evaluations. Each company is creating environmental impact in various eco-friendly business areas such as renewable energy, eco-friendly materials and products, consumption culture, and recycling and food upcycling integrated with artificial intelligence (AI) and the Internet of Things (IoT). The 10 companies supported as LG Social Fellows last year attracted a total investment of 2.3 billion KRW over one year, created 34 additional jobs, and achieved an average sales increase of threefold.

The number of awards won, including R&D project selections, reached 17. The customized financial support program, 'LG Social Fund,' has been upgraded to 'Leading Green Accelerating,' which helps social enterprises grow stably by supporting collaboration opportunities with LG and attracting additional investments.

Recently, LG established an ESG Committee and an Internal Transaction Committee within the board of directors, and proposed governance improvement measures to strengthen the activities of the board of listed companies, including enhancing the authority and independence of the Audit Committee and the role of the Outside Director Candidate Recommendation Committee. In particular, LG is laying the foundation for ESG management by establishing an 'ESG Committee' within the board of listed companies, where all outside directors and each company’s CEO participate to deliberate on major company-wide ESG policies to enhance execution capabilities.

Efforts to strengthen board diversity continue by recruiting female outside directors with expertise in various fields.

LG Corporation plans to further strengthen ESG management by appointing Soo-Young Lee, an environmental expert and Executive Director of Eco Management Holdings, as an outside director.