BGF Group Launches Full-Scale ESG Management... Official Inauguration of 'ESG Management Committee'

ESG Management Committee Inauguration Ceremony... Hong Jeong-guk, BGF CEO, and Lee Geon-jun, BGF Retail CEO, Joint Chairpersons
Decision-making Activities Covering All ESG Areas Including Environment, Social Responsibility, and Shareholder Value Enhancement
Received Industry's Only ESG Grade A Last Year... "Plan to Strengthen Various Eco-friendly and Social Contribution Activities This Year"

[Asia Economy Reporter Yuri Kim] BGF Group has officially launched the 'ESG Management Committee' to establish a foundation for sustainable future growth and fulfill its corporate social and economic responsibilities, accelerating ESG (Environmental, Social, and Governance) management.

On the 23rd, BGF Group held the launch ceremony for the ESG Management Committee at the BGF headquarters in Samseong-dong, Seoul, announcing the formation of the committee and the establishment of a dedicated organization, appointing committee members and dedicated leaders for each area.

Hong Jung-guk, CEO of BGF, and Lee Geon-jun, CEO of BGF Retail, were appointed as co-chairs of the ESG Management Committee, with dedicated teams organized under the areas of strategy, environment, and society. External advisory members include Professor Lee Byung-wook from Sejong University’s Graduate School of Public Policy.

BGF Group’s ESG Management Committee will carry out decision-making activities regarding the company’s environmental and social responsibilities, shareholder value enhancement, and overall ESG management. Going forward, the committee plans to establish mid- to long-term ESG management goals and strategies at the group level, identify environmental and social issues within the business value chain based on global ESG guidelines, and build a concrete execution roadmap to begin full-scale implementation.

Through this, BGF Group emphasized that it will establish sound governance, grow steadily to increase corporate value, enhance the eco-friendly capabilities of its business infrastructure, and pursue mutual growth with various stakeholders including customers, franchisees, employees, and local communities. BGF Group stated, "Following last year’s ESG evaluation where BGF Retail received the highest comprehensive A grade in the industry, we are seeking a more advanced transformation this year."

BGF Group is engaged in various eco-friendly activities such as the company-wide campaign (Be Green Friends), full adoption of eco-friendly bags, labeling of PB products with recycling grades, development of unlabeled bottled water, expansion of eco-friendly container use, and implementation of the 3L campaign in stores. Last year, it became the first in the industry to obtain the international standard environmental management system ISO 14001 certification.

This year, BGF Group plans to implement eco-friendly policies including ▲establishing a greenhouse gas inventory and reduction activities ▲applying renewable energy facilities to stores and logistics centers ▲practicing green purchasing and fair trade ▲expanding the transition to environmentally friendly materials.

Utilizing over 15,000 CU stores nationwide and more than 30 logistics infrastructures, BGF Group will also strengthen social contribution activities such as the national disaster emergency relief project 'BGF Bridge,' the missing children and child abuse prevention system 'ICU,' the local vulnerable group self-sufficiency project 'CU Saessak Store,' and the job creation program for people with disabilities 'CU Together.' Starting next month, BGF Group plans to implement an ESG internalization program aimed at increasing understanding of ESG management among employees and franchisees and sharing the company’s goals and future vision.

Lee Geon-jun, Chair of the BGF Group ESG Management Committee, said, "In line with BGF’s identity as a company like a good friend, we will actively promote ESG management for not only solid internal growth but also for the lives of the people and national development," adding, "We will address our shortcomings, maximize our strengths, and leap forward as a leading ESG company that creates tangible benefits for our society."

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