KCC Establishes Sustainable Management Committee to Strengthen ESG Management

Establishment of Sustainability Management Committee under the Board of Directors and Formation of Dedicated Team

KCC Headquarters exterior. [Photo by KCC]

[Asia Economy Reporter Kim Jong-hwa] KCC is accelerating its ESG management by establishing a 'Sustainable Management Committee' under the board of directors to realize its vision of becoming a top-tier global company with world-class eco-friendly management and technological capabilities.

KCC recently held a board meeting and decided to establish the Sustainable Management Committee to strengthen ESG management. The committee, composed of three outside directors?Yoon Seok-hwa, Han Mu-geun, and Jang Seong-wan?will focus on ▲establishing and reviewing key ESG-related policies and ▲monitoring major ESG-related progress, and will begin full-scale activities starting in July.

Through its 'ESG Management Declaration,' KCC stated that ESG management is a core value for corporate survival and growth, and as a global advanced materials chemical company, it will actively practice eco-friendly management, social responsibility, and transparent management to lead ESG management.

Additionally, KCC declared that it will ▲practice eco-friendly management by continuously promoting the development of eco-friendly products and activities to reduce carbon and harmful substances ▲fulfill social responsibility management through continuous interest and efforts such as co-growth activities with partner companies, social contribution activities, and consumer rights protection ▲and strive for transparent information disclosure, shareholder rights protection activities, and governance improvement based on ethical awareness. To reinforce this commitment, the declaration will be posted at all business sites starting from the 1st of next month.

Along with this, KCC has also established a dedicated organization to promote company-wide ESG management activities. The newly created 'ESG Operations Team' will hold quarterly ESG working-level councils to organically link and coordinate ESG activities carried out by individual organizations such as environment, safety, and social contribution.

A KCC official stated, "The establishment of the Sustainable Management Committee reflects KCC's clear recognition that ESG management is the direction companies must take in the future," adding, "We will actively practice eco-friendly management, social responsibility management, and transparent management by establishing a dedicated team to promote substantial and meaningful ESG management activities and advancing company-wide ESG management."