Kyobo Life Insurance Publishes 11th Sustainability Management Report

Kyobo Life Insurance announced on the 9th that it has published the "2020 Sustainability Management Report," which contains its sustainability management activities and achievements from the previous year.

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 9th that it has published the '2020 Sustainability Management Report,' which contains its sustainability management activities and achievements from last year. This is the 11th report since it first released a sustainability management report in the life insurance industry in 2011.

The report includes activities and achievements related to commitments to six major stakeholders: customers, financial planners, employees, investors, partner companies, and government & local communities.

In particular, as building an ecosystem of coexistence and cooperation has become important, from this year, 'partner companies' have been newly classified as key stakeholders, and specific activities for mutual growth with partner companies were addressed.

It also introduced recent hot topics such as the declaration of coal phase-out finance, joining the Carbon Disclosure Project (CDP) signatories, ESG (Environmental, Social, and Governance) management promotion status, COVID-19 response, and the Unicorn Project.

A Kyobo Life Insurance official stated, "The report was prepared in accordance with ISO 26000, the international standard for corporate social responsibility, and the GRI Standards, the international guidelines for sustainability reports," adding, "Reliability was secured through a third-party verification process by the Korea Standards Association based on the international verification standard 'AA1000AS v3.'"

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