Lotte Hi-Mart Launches 'Partner ESG Support Project' with the Win-Win Growth Committee

[Asia Economy Reporter Lim Chunhan] Lotte Hi-Mart announced on the 24th that it will carry out a ‘Partner ESG (Environment, Social, Governance) Support Project’ in collaboration with the Win-Win Growth Committee.

On the same day, Lotte Hi-Mart held a signing ceremony for the ESG support project with the Win-Win Growth Committee. Lotte Hi-Mart will conduct the ESG support project targeting about 20 excellent small and medium-sized partner companies until the end of December this year. Small and medium-sized partners wishing to improve their ESG management systems in areas such as safety, environment, labor, and human rights will be selected. The main support targets are partners related to product manufacturing, logistics, and home care service businesses.

After selecting the target partners, customized ESG indicators by business type will be developed together based on the ESG standard guidelines developed by the Win-Win Growth Committee. In addition, ESG education will be provided to the executives and employees of small and medium-sized partners, and on-site ESG management diagnosis will be conducted for each partner. Subsequently, consulting and evaluation will be carried out in connection with experts to improve the ESG management status.

Hwang Young-geun, CEO of Lotte Hi-Mart, said, “The importance of ESG management, which emphasizes corporate social responsibility and roles in various aspects, is increasing recently,” and added, “Through this agreement, we will strive to spread ESG management activities to small and medium-sized partners so that we can fulfill the social role of companies together.”

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