OCI Holdings Achieves ESG Grade A Last Year... Increase Compared to Previous Year

Rising Grade Trend Since 2021
"Considering Ways for Sustainable Development"

OCI Holdings received better results in the environmental, social, and governance (ESG) evaluation last year compared to the previous year.

OCI Holdings logo. [Photo by OCI Holdings]

OCI Holdings announced on the 8th that it achieved a comprehensive A rating in last year's ESG evaluation conducted by Morgan Stanley Capital International (MSCI), rising one level from 2022. After receiving a BB rating in 2021, a BBB rating in 2022, and an A rating last year, the company has improved by one level each year over the past three years.

Since 1999, MSCI has annually evaluated listed companies worldwide on 10 major ESG-related areas and 35 key issues. The evaluation grades are announced in seven levels, from CCC to AAA.

According to this MSCI evaluation, OCI Holdings received high scores in the environmental category last year as the intensity of chemical emissions such as nitrogen oxides (NOx) and sulfur oxides (SOx) decreased, and water usage intensity was reduced due to enhanced water resource management measures.

Additionally, in May last year, OCI Holdings transitioned to a holding company structure centered on OCI Holdings, separating the roles of CEO and chairman to strengthen the independence of the board of directors, which was recognized as an effort to improve governance.

OCI Holdings plans to continue leading ESG management for the sustainable future growth of all OCI Group affiliates under the corporate ESG vision of "Making Sustainability Possible."

Lee Woo-hyun, Chairman of OCI Holdings, stated, "OCI Holdings will consider and implement various methods for the company’s sustainable development from a more long-term perspective."