Hanil Cement Accelerates ESG Management Efforts

Samjong KPMG Selected as Consulting Advisory Firm

Panoramic view of Hanil Cement Danyang Plant. [Photo by Hanil Cement]

[Asia Economy Reporter Kim Jong-hwa] Hanil Cement is partnering with the accounting firm Samjong KPMG to implement systematic ESG (Environmental, Social, and Governance) management.

Samjong KPMG is affiliated with Morgan Stanley Capital International (MSCI), a globally reputable evaluation agency, and uniquely possesses consulting experience utilizing MSCI ESG evaluation data within the domestic consulting industry. Leveraging this strength, it will assist in establishing an ESG management system aligned with global standards through organic collaboration with the 'Hanil ESG Management Promotion Committee.'

A Hanil Cement representative stated, "Consulting will proceed based on the specialized expertise of the advisory firm," adding, "We expect the effective and stable establishment of an ESG management system optimized for the company."

Meanwhile, Hanil Cement declared ESG management in March for sustainable growth and formed an ESG Management Promotion Committee. The committee is thoroughly discussing management principles, policies, and action tasks, while reorganizing existing management activities to align with the ESG framework.

After pre-applying ESG management to the holding company Hanil Holdings and the cement business company, the initiative will expand to all business companies such as Hanil Networks and Hanil Industries, with active reflection in year-end management performance evaluations.

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