ESG
ESG stands for Environmental Responsibility, Social Responsibility, and Governance.
Korea Corporate Governance Service(KCGS) evaluates and publishes corporate governance and socially responsible management practices in order to assist Korean companies to earn confidence and credit worldwide.
Evaluation Area | 2021 | 2022 | 2023 |
---|---|---|---|
ESG Ratings | B | C | B+ |
Environment | D | C | B+ |
Social | B+ | B | A |
Governance | B+ | C | B+ |
* Source: Korea Corporate Governance Service (KCGS)
ESG Codes of Practice | Introduction Status | Note |
---|---|---|
Corporate Governance Charter | O | |
Code of Ethics | O | |
Implementation of Manual Voting System | X | |
Cumulative Voting | X | |
Board Composition (Director Requirement) | O | Legal requirement (25%) satisfied |
Organization of Compensation Committee | X | |
Organization of Audit Committee | X | |
Organization of Independent Director Nominating Committee | O | |
Operating Guidelines for the Board and Committees | O | On the website |
Directors’ Liability Insurance with the Company’s Coverage | O | |
Disclosure of Board and Committee Activities | O | On the website |
Disclosure of ESG Evaluation Results | O | On the website |
Comparison with the Codes of Practice from KCGS | O | On the website |