CJ Freshway Selected as an Excellent ESG Evaluation Company for 6 Consecutive Years

On the 27th, at the '2020 ESG Excellent Companies Awards Ceremony' held at the Korea Exchange, CJ Freshway Executive Director (right) is taking a commemorative photo with Shin Jin-young, President of the Korea Corporate Governance Service, during the lecture.

[Asia Economy Reporter Choi Saeng-hye] CJ Freshway, a food ingredient distribution and group catering specialist under CJ Group, announced on the 28th that it was selected as an ‘Excellent Company’ in the KOSDAQ-listed companies category in the ‘2020 ESG Evaluation’ announced by the Korea Corporate Governance Service.

With this award, CJ Freshway has been recognized as an excellent or top company for six consecutive years since first receiving the ESG evaluation excellent company award in 2015, becoming the first in the food industry to achieve this.

The Korea Corporate Governance Service has been comprehensively evaluating environmental management, social responsibility management, and governance since 2002 to enhance the sustainability of domestic listed companies and select ESG excellent companies.

This year, the Korea Corporate Governance Service conducted ESG evaluations on 908 listed companies and awarded an ‘A’ grade only to 92 companies, approximately the top 12%.

CJ Freshway received a B in the environmental sector, A+ in social responsibility management, and A in governance, and was selected as an ‘Excellent Company’ with an overall integrated grade of A based on the combined performance of the three areas.

CJ Freshway earned high marks for applying the international standard for environmental safety and health management systems, ‘ISO 14001,’ at multiple business sites and for establishing a product safety management process. Additionally, it received high evaluations for expanding social contribution activities and introducing an outside director candidate recommendation committee to secure the independence of outside director candidates.

At the awards ceremony held at the Korea Exchange on the 27th, Kang Yeon-jung, Executive Director of CJ Freshway, said, “CJ Freshway prioritizes ‘ethical management’ as the most important value in corporate activities, and our focus on co-growth with various stakeholders, fair trade, and environmental management led to this positive evaluation and award. We will continue to make great efforts to fulfill our social responsibilities.”

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