Ssangyong Cement, Ranked No.1 in Cement Sector of 2020 Korea Sustainability Index (KSI)

[Asia Economy Reporter Kim Jong-hwa] Ssangyong Cement was selected as the No. 1 company in the cement industry for the 7th consecutive year at the '2020 Korea Sustainability Conference' held on the 16th at Lotte Hotel in Sogong-dong, Seoul.

The Korea Sustainability Conference evaluates and awards the Sustainability Index based on corporate social responsibility activities. Since the cement industry was selected as the evaluation target in 2013, Ssangyong Cement has been honored as the No. 1 company continuously.

This year's 'Sustainability Index (KSI, Korean Sustainability Index)' was evaluated over about three months targeting 201 companies (organizations) in 47 industries. More than 30,000 diverse stakeholders including industry experts, consumers, local residents, shareholders, government agencies, and NGOs evaluated various aspects such as strategic responses to corporate sustainability trends, management activities' impact on society and environment, and active willingness to improve.

Ssangyong Cement received generally high evaluations from expert groups, and specifically received excellent evaluations compared to peers in areas such as environment, local community participation and development, fair operation practices, and customers. In particular, it was positively evaluated by stakeholders for its leading role in solving environmental issues and recycling circular resources, revitalizing the local economy stagnated by COVID-19, conducting various social contribution activities to seek win-win development with the local community, and continuous efforts to improve quality for customer satisfaction.

At the award ceremony, Ssangyong Cement CEO Lee Hyun-jun stated, "We will continue to conduct fair corporate activities without change while adhering to basics and principles, and continue Ssangyong Cement's sustainable development based on change and innovation."

Meanwhile, the Sustainability Index (KSI, Korean Sustainability Index) is a model that evaluates the level of corporate sustainability based on ISO 26000, an international standard for social responsibility. It directly surveys experts and stakeholders in each field on how strategically companies respond to sustainability trends and how actively they manage and improve the impacts of corporate management activities on society and the environment.

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