Lotte Insurance Establishes ESG Committee Within the Board of Directors

Lotte Insurance

[Asia Economy Reporter Oh Hyung-gil] Lotte Insurance announced on the 12th that it has established an ESG (Environmental, Social, and Governance) Committee within its board of directors.

At a recent board meeting, Lotte Insurance reviewed and approved the establishment of the ESG Committee. The Lotte Insurance ESG Committee, the second of its kind in the non-life insurance industry, is composed of a majority of outside directors, with the chairperson also being an outside director to ensure independence.

Lotte Insurance plans to proactively respond to the demands of customers, society, and shareholders regarding ESG issues such as environmental protection and social safety nets. The company explained that this move lays the foundation for enhancing corporate value while enabling long-term sustainable growth.

A Lotte Insurance official stated, "We will accelerate efforts for environmental protection for a sustainable future and fulfill social responsibilities through our core business," adding, "Based on board-centered management, which has been continuously strengthened, we will enhance expertise in establishing ESG policies and strategies."

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