S-1 Leads ESG Management Paradigm in the Security Industry

Introduction of Eco-Friendly Vehicles, Customer-Centric Management, etc... Setting Industry Standards
Following the Establishment of the ESG Secretariat, the Official Launch of the 'ESG Committee' Under the Board of Directors

An S-1 employee is announcing the official launch of the ESG Committee.

S-1 is rapidly advancing key policies related to ESG (Environmental, Social, and Governance) management. This is to establish itself as a company that sets and leads the paradigm of ESG management in the security industry.

S-1 (CEO Namgung Beom) announced on the 29th that it plans to swiftly implement measures such as a gradual transition to eco-friendly vehicles including hybrid cars, customer-centric management, and proactive publication of sustainability reports to establish ESG management in the security industry.

First, to practice "Green Mobility," S-1 decided to gradually introduce eco-friendly vehicles for business use starting this year. With S-1 revealing this plan, it is expected that interest in green mobility will spread throughout the industry. Customer-centric management will also be promoted. Earlier this year, S-1 established a dedicated customer organization called the Customer Value Group and set a policy to improve service processes centered on customers as a socially beneficial company. Going further, it plans to develop business models that practice ESG based on customer value and fulfill environmental and social responsibilities.

Additionally, S-1 will proactively produce sustainability management reports. Since ESG disclosure will be mandatory for listed companies exceeding a certain asset size starting in 2025, most companies are preparing to publish reports by the mandatory deadline. S-1 explained that the goal is to concretize ESG activities and transparently disclose them to spread awareness of ESG beyond the industry to society at large.

To this end, S-1 has been responding by establishing a practical organization called the "ESG Secretariat" since July last year. It has initiated various activities for ESG management, such as recycling used security devices and introducing an electronic subscription system that reduces paper usage by 41% compared to before. In November last year, S-1 received an integrated A grade in the ESG evaluation conducted by the Korea Corporate Governance Service (KCGS). Furthermore, at the 45th regular shareholders' meeting held on the 17th, S-1 officially launched the ESG Committee under the board of directors, appointing outside director Lee Jae-hoon as chairman, thereby securing the independence of the ESG Committee's operation.

An S-1 official said, "Activities such as introducing eco-friendly vehicles and publishing sustainability management reports are a signal for spreading ESG management in the industry," adding, "As the number one company, we will continue various activities to ensure that ESG management is established throughout the security industry."