Kumho Petrochemical Publishes Sustainability Management Report

[Asia Economy Reporter Hwang Yoon-joo] Kumho Petrochemical has published its 2020 Sustainability Management Report.

Kumho Petrochemical announced on the 8th that it has posted the 2020 Sustainability Management Report on its website.

The Kumho Petrochemical Sustainability Management Report was created focusing on ▲ introduction of major businesses and products by sector and R&D activities ▲ ESG (Environmental, Social, Governance)-based activities and quantitative data. The report includes plans to actively incorporate the increasingly important value of ESG into corporate activities, such as the establishment of a task force for climate change response and execution strategies, EHS (Environment, Health, and Safety) management systems, co-growth activities with partner companies, and roles performed for employees and society during the COVID-19 pandemic. The report is available in both Korean and English.

Jong-hoon Baek, CEO of Kumho Petrochemical, stated, "Kumho Petrochemical will continue to communicate with various stakeholders, including customers and shareholders, by transparently disclosing sustainable management performance annually through the report."

Meanwhile, Kumho Petrochemical decided to establish an ESG Committee within the Board of Directors at the regular shareholders' meeting in March this year, and in June, it began the practical operation of the ESG Committee chaired by outside director Soon-ae Park. Based on the guidelines and database included in the Sustainability Management Report, Kumho Petrochemical plans to establish detailed ESG strategies and roadmaps within this year to accelerate ESG management.

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