Hanwha Aerospace Ranks 5th Globally and 1st in Asia in Defense Industry Anti-Corruption Index Evaluation

A worker is inspecting an engine at Hanwha Aerospace.
Photo by Hanwha Aerospace

[Asia Economy Reporter Kim Heung-soon] Hanwha Aerospace announced on the 16th that it ranked 5th overall and 1st among Asian companies in the anti-corruption index evaluation of 134 defense companies in 38 countries worldwide, recently released by Transparency International (TI).

TI evaluates the anti-corruption policy level and transparency of defense companies in each country across 10 areas, grading them from A to F in six levels. A means 'Very High', B means 'High', C means 'Moderate', D means 'Limited', E means 'Low', and F means 'Very Low'. Two companies, Italy's Leonardo and the United States' Raytheon, received an A grade, and 14 companies including Hanwha Aerospace were classified as B grade. B grade or higher corresponds to the top 12% of the evaluated companies.

Hanwha Aerospace stated that after separately analyzing the individual scores of the evaluated companies, it ranked within the top 5 overall. In particular, it explained that it received the highest score in the leadership and organizational culture category, which evaluates the top management's commitment to anti-corruption, related regulations, and management responsibility levels. In addition, it earned high scores through transparent and fair partner selection, compliance with integrity and anti-corruption regulations, and operation of internal whistleblower protection systems.

Earlier, Hanwha Aerospace received the highest A grade among domestic defense companies in the '2020 Listed Companies Environmental, Social, and Governance (ESG) Evaluation' announced by the Korea Corporate Governance Service (KCGS) last year. Hanwha Group Chairman Kim Seung-yeon emphasized the importance of ESG management in his New Year's address this year, stating, "While strengthening ESG, we must establish and execute strategies to enhance sustainability in all aspects of management activities."

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