[Asia Economy Reporter Kim Jong-hwa] Hansol Holdings received an integrated 'A grade' for the second consecutive year in the ESG ratings announced annually by the Korea ESG Standards Institute (KCGS, formerly Korea Corporate Governance Service).
Hansol Holdings received an A grade in the Social Responsibility (S) and Governance (G) categories, and a B+ in the Environment (E) category in this ESG evaluation, achieving an integrated A grade for the second consecutive year.
In particular, Hansol Holdings has received an A grade in the Governance category for four consecutive years since 2019. Among a total of 1,033 companies evaluated this time, only 117 companies received an A grade or higher in Governance.
Hansol Holdings was highly evaluated for its various efforts to improve governance, such as establishing an Outside Director Candidate Recommendation Committee within the board of directors despite not being a company required to do so, introducing a shareholder nomination system for outside director candidates to provide all shareholders with the opportunity to participate in recommending candidates, and establishing audit committees in most of its listed subsidiaries.
Meanwhile, the Korea ESG Standards Institute celebrated its 20th anniversary in September this year and changed its name from Korea Corporate Governance Service to Korea ESG Standards Institute, announcing a vision to develop as a specialized ESG institution. Therefore, from this year's evaluation, more stringent and detailed evaluation criteria were applied, resulting in many companies receiving lower grades compared to last year.
The evaluation by the Korea ESG Standards Institute is increasingly used as an important indicator by major institutional investors when selecting investment targets, as it confirms shareholder-friendly and sustainable management systems in non-financial areas such as Environment (E), Social Responsibility (S), and Governance (G).
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