LX Corporation Declares ESG Management on Its 44th Anniversary

[Asia Economy Reporter Moon Jiwon] LX Korea Land and Geospatial Informatix Corporation (LX) has declared ESG management in celebration of its 44th anniversary.

On the 30th, at the LX headquarters auditorium in Deokjin-gu, Jeonju, LX held a joint labor-management declaration ceremony for ESG management in commemoration of its founding anniversary (July 1) and signed a business agreement for win-win cooperation with Jeonju City.

ESG stands for Environmental, Social, and Governance, which are non-financial factors of a company. It is a management paradigm that pursues sustainable growth by fulfilling environmental and social responsibilities and enhancing management transparency.

The declaration ceremony was attended by Kim Seung-su, Mayor of Jeonju; Park Ji-hyun, President of Korea Electrical Safety Corporation; Nam Young-woo, Director of Land Information Policy at the Ministry of Land, Infrastructure and Transport; and Kim Jeong-beom, Non-executive Director.

On this day, LX selected three strategic directions: ▲ Leading Korea’s Carbon Neutrality 2050 ▲ Realizing Social Value through Land Information ▲ Fair and Transparent Management with the People.

To this end, LX will convert 100% of its electricity consumption to renewable energy, achieve zero carbon emissions, and practice waste reduction throughout its management.

Through digital innovation in spatial information, LX will solve land and urban issues, expand support for spatial information startups and talent development programs, and continue international cooperation to address global land and poverty problems.

LX signed a business agreement with Jeonju City for win-win cooperation and agreed to support infrastructure construction for the creation of a hydrogen pilot city.

Kim Jeong-ryeol, President of LX, said, "ESG has now become a path we must take," adding, "I hope the ESG management declaration ceremony will be an important step for all of us toward inclusive green recovery and sustainable development."

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