Lotte Chilsung Beverage Establishes ESG Committee... Full-Scale ESG Management Initiated

At the joint ESG management declaration ceremony between labor and management held at the Lotte Chilsung Beverage headquarters on the 10th, (from left) Baek Won-seon, Chair of the ESG Committee, Park Yoon-ki, CEO of Lotte Chilsung Beverage, Kim Gwan-muk, Chair of the Beverage Labor Union, and Moon Heung-bae, Chair of the Liquor Labor Union, are taking a commemorative photo. (Photo by Lotte Chilsung Beverage)

[Asia Economy Reporter Seungjin Lee] Lotte Chilsung Beverage is officially launching ESG (Environmental, Social, and Governance) management.

On the 11th, Lotte Chilsung Beverage announced that it has established an ESG Committee and held a joint labor-management ESG management declaration ceremony.

The ‘Lotte Chilsung Beverage ESG Committee,’ established the day before, is composed of five outside directors to ensure independence and objectivity, with outside director Baek Won-seon appointed as chairman.

The ‘Lotte Chilsung Beverage ESG Committee’ will make decisions on company-wide ESG initiatives and review the direction of the company’s sustainable management strategy as well as major social non-financial risks.

Lotte Chilsung Beverage held a joint labor-management ESG management declaration ceremony with CEO Park Yoon-gi, ESG Committee Chairman Baek Won-seon, Beverage Union Chairman Kim Gwan-muk, and Liquor Union Chairman Moon Heung-bae to declare and promote the company-wide commitment to ESG management both internally and externally.

The main goals include ▲pursuing carbon neutrality ▲establishing a plastic circular economy ▲building an eco-friendly supply chain ▲introducing win-win programs to enhance stakeholder value ▲and realizing trusted management through compliance and transparent corporate information disclosure.

Lotte Chilsung Beverage launched ‘Isis 8.0 ECO,’ the first domestic water brand to offer a label-free PET bottle, and continues social contribution activities such as sponsoring special shoes for children with walking disabilities and the Green Ribbon Campaign. Additionally, to enhance the effectiveness of its fair trade compliance program, the company has applied for the fair trade compliance rating evaluation conducted by the Fair Trade Commission, actively working to establish a fair trade order.

A Lotte Chilsung Beverage official stated, “The ESG Committee was established to secure expertise in ESG management and to promote balanced progress both internally and externally,” adding, “Management, the board of directors, and labor unions will do their best to practice ESG management.”

Meanwhile, Lotte Chilsung Beverage is accelerating its ESG management by establishing an ESG division and dedicated organization in July to build a leading ESG management system and strengthen information disclosure, as well as promoting the publication of a sustainability management report.

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