Samsung Securities Establishes ESG Committee

[Asia Economy Reporter Hwang Yoon-joo] Samsung Securities announced on the 28th that it has established an ESG Committee under the board of directors to strengthen ESG (Environmental, Social, and Governance) management.

The ESG Committee, which decides on strategies and policy directions for ESG management, is composed of one inside director and two outside directors, including Jang Seok-hoon, President of Samsung Securities, Jang Beom-sik, President of Soongsil University, and Lee Young-seop, Professor at Seoul National University. Professor Lee Young-seop serves as the chairman.

Along with this, the formation of an ESG Executive Council to promptly carry out internal decision-making has also been completed.

Samsung Securities began its full-scale efforts to strengthen ESG management strategies starting with the 'Coal Phase-out Declaration' last November, together with Samsung Group’s financial affiliates.

Subsequently, it has significantly enhanced its ESG capabilities by establishing an ESG research institute, issuing the industry’s first ESG-rated certified bonds, and forming a strategic partnership with Morgan Stanley Capital International (MSCI), the industry’s first global ESG rating agency.

A Samsung Securities official stated, "Recently, ESG has rapidly become a standard for evaluating a company's sustainable management capabilities," adding, "The establishment of this ESG Committee will fulfill its role as an opportunity to embed the 'New Normal' into the corporate culture."

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