KCC Selected as an Excellent Company Fulfilling Social Responsibility

Selected as No.1 Company in Building Materials Industry for 'Sustainability Index' Measuring Corporate Social Responsibility Level
KCC Wins Excellence Award for Sustainability Report Showcasing Sustainable Management Activities for 6 Consecutive Years

Shim Jae-guk, Executive Director of General Affairs and Human Resources at KCC (left), and Lee Sang-jin, Chairman of the Korea Standards Association, are posing for a commemorative photo at the "2020 Korea Sustainability Conference" held on the 16th at Lotte Hotel, Sogong-dong, Seoul. Photo by KCC

[Asia Economy Reporter Kim Jong-hwa] KCC was selected as the No. 1 company in the building materials sector of the "Korea Sustainability Index (KSI)" and simultaneously received the "Korea Sustainability Report Award (KRCA: Korean Readers' Choice Awards)" at the "2020 Korea Sustainability Conference" held on the 16th at Lotte Hotel, Sogong-dong, Seoul.

Through this award, KCC has been recognized for its efforts and achievements toward sustainable development and has established itself as an excellent company fulfilling social responsibility. In particular, the Sustainability Report Award, which KCC has won for six consecutive years, is a valuable result of its efforts to communicate with stakeholders about sustainable management activities. Moreover, being selected as the No. 1 company in the Sustainability Index as a performance indicator of substantial sustainable management activities adds significant meaning.

The Sustainability Index is the largest stakeholder-based survey in Korea that evaluates the level of corporate social responsibility implementation and sustainability based on the international standard for social responsibility, ISO 26000. This survey involved 414 experts, including industry analysts and environmental auditors, as well as 25,650 stakeholders such as consumers, partners, shareholders, and employees.

The Sustainability Index for the building materials industry, to which KCC belongs, recorded figures higher than the overall industry average. Among them, KCC showed the highest score within the same industry and was selected as the No. 1 company. In particular, KCC received high evaluations in organizational governance, which indicates board responsibility and transparency in corporate management, and in fair operation practices, which represent anti-corruption and fair competition.

The Sustainability Report Award is given by the Korea Standards Association (KSA) to companies that faithfully perform social responsibility activities and communicate well with stakeholders such as consumers and partner companies through sustainability reports. It is the only domestic user-based evaluation system that assesses sustainability management reports based on the international sustainability reporting guideline, the Global Reporting Initiative (GRI).

The report published by KCC this year contains information on KCC's sustainable management activities, achievements, and key issues from January 2019 to the first quarter of 2020. It was evaluated as excellent overall in terms of reliability, delivery, and completeness from the practical reader's perspective by properly adhering to GRI's reporting principles. The sustainability report can be viewed by anyone on the KCC website.

A KCC official stated, "Creating social value is as important as corporate management performance, and we believe that continuously practicing this and clearly informing stakeholders of the current status is also important." He added, "Taking this award as an opportunity, we will continue to fulfill the social responsibility of a global company through various social contribution activities and faithfully implement sustainable management."

Meanwhile, the Korea Sustainability Conference, hosted by the Korea Standards Association and sponsored by the Ministry of Trade, Industry and Energy and the Win-Win Growth Committee, comprehensively evaluates companies' strategic activities related to sustainability trends and the effects of economic, social, and environmental activities, sharing excellent cases. The Korea Standards Association selects outstanding companies annually based on survey results from stakeholders and experts.

This content was produced with the assistance of AI translation services.