Lotte Chemical Publishes 2020 Sustainability Management Report

[Asia Economy Reporter Hwang Yoon-joo] Lotte Chemical announced on the 2nd that it has published the '2020 Sustainability Management Report.'

Published for the 14th time this year, the report was prepared in accordance with the 'Sustainability Reporting Standards' recommended by the international organization GRI related to sustainability management. To strengthen ESG (Environmental, Social, Governance) response, it also includes information required by investors and evaluators such as the 'MSCI ESG rating,' as well as information demanded for disclosure by the Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB).

In this report, Lotte Chemical set four core tasks: 'Strengthening Eco-friendly Business,' 'Expanding Resource Circulation,' 'Responding to the Climate Crisis,' and 'Creating a Green Ecosystem.' It described its ESG management strategy and eco-friendly goal 'Green Promise 2030,' aiming for carbon-neutral growth without an increase in carbon emissions by 2030. It also included details about 'Project LOOP,' which was formed by eight companies joining forces to lead awareness improvement on resource circulation and establish a domestic circular economy system, as well as climate change indicators and reduction targets.

Additionally, based on four key safety and environmental measures?investment expansion, professional workforce expansion, system improvement, and internal capacity enhancement?and future new business promotion plans, the report introduced Lotte Chemical's vision.

Kim Kyo-hyun, Co-CEO of Lotte Chemical, stated, "This year marks the first year of Green Promise 2030, and Lotte Chemical will strive to become an eco-friendly chemical materials company while building the safest workplaces."

Meanwhile, this sustainability management report is structured horizontally to enhance web readability, and notably, it was produced as an interactive PDF to facilitate easy access to the table of contents desired by readers.

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