Mplus Declares Strengthening ESG Management... "Aiming to Be No.1 in ESG in the Battery Equipment Industry"

MPPlus, a company specializing in secondary battery equipment, parts, and materials, announced on the 22nd that it has officially launched ESG management by systematically and strategically promoting governance-related tasks such as fair disclosure, value-up & risk management, along with environmental and social issues, to meet the ESG management activity demands of customers and investors for sustainable growth and securing global competitiveness.

Earlier this year, MPPlus established ESG-related organizations including the ESG Committee, which deliberates and approves ESG-related policies; the ESG Planning Office, which sets strategic directions; and the ESG Council, which executes and manages tasks. Through this, the company is systematizing environmental and social tasks such as greenhouse gas emission management and human rights management, as well as governance-related tasks including transparency of disclosures, fairness to shareholders, and strengthening communication with shareholders and investors. MPPlus also stated that it plans to transparently inform external investors through ESG disclosures and ESG reports in the future.

MPPlus presented a blueprint to solidify its capabilities and status as an independent global ESG company by expanding areas including transparent disclosure, fair disclosure, strengthening communication among shareholders, and recently introduced corporate value-up and risk management areas. The ESG Committee will operate meetings once every six months, and the Council once every quarter, to enhance the execution power of ESG management.

Jongseong Kim, CEO of MPPlus, said, "Introducing ESG management and establishing a systematic system for MPPlus’s global market competitiveness is an essential choice for sustainable growth. In particular, we prioritize responding to climate change, managing energy efficiency, ensuring supply chain sustainability, and enhancing shareholder value. We will continue responsible management to firmly establish ourselves as the undisputed No.1 ESG company in the battery equipment industry."