Achieved ESG Evaluation Integrated Grade A, One Level Up from Last Year
At the '2022 Korea ESG Standards Institute Excellent Companies' Awards Ceremony held at the Korea Exchange in Yeouido, Seoul, Kim Hoon, Chief Financial Officer (CFO) of LX Semicon, is giving his acceptance speech for the ESG Excellent Company award. / Photo by LX Semicon
[Asia Economy Reporter Kim Pyeonghwa] LX Semicon announced on the 2nd that it was selected as an excellent company in the Environmental, Social, and Governance (ESG) evaluation conducted by the Korea ESG Standards Institute.
The Korea ESG Standards Institute is a domestic ESG specialized organization established in 2002 to improve corporate governance and strengthen sustainable management. Since 2011, it has conducted annual ESG evaluations to select companies excelling in governance and ESG. This year, ESG evaluations were conducted on 1,033 listed and unlisted companies.
In this year's evaluation, LX Semicon received grades of A in the environmental sector, A+ in the social sector, and B+ in the governance sector, achieving an overall grade of A, higher than last year's B+. In particular, it was recognized for its improvement efforts in the environmental and social sectors, raising its grades by two levels each compared to last year.
LX Semicon published its first sustainability management report this year, disclosing its environmental management achievements such as greenhouse gas reduction, as well as activities related to human rights, labor, and occupational health and safety. It has set a goal to achieve carbon neutrality by 2050 and strengthened company-wide ESG management by establishing an ESG Committee in July.
Son Bo-ik, CEO of LX Semicon, said, “We are building an ESG management system by pooling company-wide capabilities,” and added, “We will continuously strive to fulfill social responsibilities and create a fair and transparent corporate environment.”
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