Kyobo Securities Wins 'Sustainable Management' KRCA Award for 3 Consecutive Years

Kyobo Securities announced on the 28th that it was selected for an excellent report at the ‘2024 Korea Sustainability Conference’ hosted by the Korea Standards Association.

Since 2008, the Korea Standards Association has annually evaluated domestic companies' sustainability management reports (Korean Readers Choice Awards) based on global standards and selected outstanding reports.

At this year’s Sustainability Conference, 41 excellent reports were selected from a total of 415 companies in manufacturing, finance, services, and public sectors, with the GRI (Global Reporting Initiative) 8 reporting principles as the main evaluation criteria.

Kyobo Securities received consistently excellent evaluations across a total of eight categories, including sustainability, verifiability, accuracy, and completeness. As a result, Kyobo Securities earned the honor of winning the KRCA excellent report award for three consecutive years.

The report was prepared in compliance with the international standard GRI to enhance credibility. Additionally, to ensure the reliability and completeness of the preparation process and data, third-party verification was conducted by Lloyd’s Register.

The main topics detailed in the report included priority issues derived from the double materiality assessment results: ▲climate change response ▲consumer rights protection ▲customer information and data security.

In particular, to manage risks and opportunities related to climate change and proactively respond to the mandatory sustainability disclosure, the report included the ‘Task Force on Climate-related Financial Disclosures (TCFD)’ report to strengthen information disclosure.

The TCFD report contains details such as ▲calculation of Scope 3 including financial emissions ▲greenhouse gas reduction targets and implementation strategies based on the ‘Science Based Targets initiative (SBTi)’ ▲potential financial impacts of climate change risks.

ESG (Environmental, Social, and Governance) management performance was transparently reported by categorizing implementation status in detail into ▲governance ▲risk management ▲ethics and compliance management ▲customer satisfaction ▲digital and innovative finance ▲respectful culture for employees ▲community engagement ▲ESG finance ▲and eco-friendly management.

Furthermore, to emphasize the responsibility of its members, the company created a page titled ‘Our Promises’ containing the current status of ESG management implementation and the commitment to future goals.

Seongcheol Seo, Head of the Change and Innovation Support Office at Kyobo Securities, said, “We differentiated ourselves by enhancing information disclosure to help all stakeholders understand ESG management performance and climate change,” adding, “We will continue to share and communicate ESG achievements with stakeholders and strive to become a leading ESG securities firm.”