Seven Eleven Declares '2030 ESG Management' for the Next 10 Years

Environmental Value, Social Value, Transparent Corporate Management
- Eco-friendly Products, Social Contribution, Social Safety Net Establishment, Compliance Management, Shared Growth
- Focus on Tangible Achievements through ESG TFT Formation and Evaluation System

On the 18th, at the '2030 ESG Management Declaration Ceremony for the Next 10 Years' held in the main conference room of the Seven Eleven headquarters (located in Supyo-dong, Seoul), Choi Kyung-ho, CEO of Seven Eleven (second from the left in the front row), and employees officially declared their commitment to ESG management.

[Asia Economy Reporter Lim Hye-seon] Convenience store 7-Eleven announced on the 19th that it has declared ESG (Environmental, Social, and Governance) management and will enhance its competitiveness as a sustainable company through empathetic and symbiotic management with society.

Under the leadership of CEO Choi Kyung-ho, 7-Eleven held a session to share ESG achievement goals and key promotion strategies, proclaiming the "2030 ESG Management for the Next 10 Years."

7-Eleven's ESG management aims to establish eco-friendly values, social values, and transparent corporate governance (compliance management). To this end, it plans to advance as a social enterprise fulfilling roles of empathy and symbiosis by dividing themes into Environment (Green 7), Society (Angel 7), and Transparent Management (With 7).

First, it will expand the development of eco-friendly products and eco-friendly social contribution activities. In 2018, 7-Eleven introduced the industry's first recyclable transparent ice cup and began operating eco-friendly donation boxes at stores nationwide. In November last year, it also installed and operated six 'AI Circular Resource Collection Robots,' which automatically collect PET bottles and cans.

Earlier this year, 7-Eleven launched sushi products using eco-friendly polylactic acid (PLA) containers for the first time and operates seven types of private brand (PB) household products certified with the Ministry of Environment's eco-friendly mark. Moving forward, 7-Eleven plans to promote national campaigns to expand eco-friendly lifestyles alongside expanding internal and external eco-friendly management activities.

It will also strengthen public interest activities for social safety nets using nationwide offline infrastructure and for vulnerable groups. Above all, it places the highest priority on strengthening its social role in preventing child abuse. Currently, about 8,100 stores nationwide have applied to participate as Child Safety Keeper Houses, and 7-Eleven is conducting the 'Dodam Dodam Campaign' in cooperation with the National Police Agency. This year, 7-Eleven plans to further expand Child Safety Keeper Houses and prepare public interest activities for women and the elderly. It will actively discover and reward good deeds at stores to promote social awareness.

Efforts to establish transparent compliance management, co-growth with franchise stores and partners, and a healthy organizational culture will also continue. Since 2017, 7-Eleven has maintained and developed the industry's first certified 'Anti-Corruption Management System (ISO37001)' while systematically implementing plans and evaluations for compliance management in the field, expanding various win-win programs, and conducting the 'Respect 7 Campaign' for an open organizational culture.

To ensure that the ESG management system can develop into long-term social value, 7-Eleven has formed an 'ESG Task Force Team (TFT)' and decided to expand ESG-related items in employee performance evaluations.

CEO Choi Kyung-ho said, "We will make 2021 the inaugural year of ESG management as the first step toward becoming a social enterprise that creates sustainable future value and will carry out focused activities over the next 10 years." He added, "Through practicing ESG management, we will become a company loved by all stakeholders, including franchise owners, customers, and partners."

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