LG Household & Health Care ESG Committee Holds First Meeting, Kim Sang-hoon Appointed Chairman

Kim Sang-hoon, Chairman of the ESG Committee at LG Household & Health Care (Photo by LG Household & Health Care)

[Asia Economy Reporter Seungjin Lee] LG Household & Health Care held its first ESG (Environmental, Social, and Governance) Committee meeting on the 31st and appointed Outside Director Kim Sang-hoon as the chairman.

In April, LG Household & Health Care established the ESG Committee under the board of directors to fulfill its responsibilities and roles regarding the environment and society, and to establish transparent governance, aiming for long-term sustainable growth through ESG management.

Chairman Kim Sang-hoon, a professor at Seoul National University’s College of Business Administration, also serves as the associate dean of the business school and the associate dean of the Graduate School of Business. He previously co-chaired the Korean Consumer Studies Association. The LG Household & Health Care ESG Committee consists of five members, including Chairman Kim Sang-hoon, outside directors Kim Ki-young, Kim Jae-wook, Lee Tae-hee, and Vice Chairman Cha Seok-yong of LG Household & Health Care.

LG Household & Health Care plans to promote ESG management by developing sustainable products for resource circulation, leading climate change response efforts such as carbon neutrality initiatives, and strengthening social responsibility through shared growth and social contribution activities.

The ESG Committee will serve as the highest deliberative body for these efforts, setting mid- to long-term goals for LG Household & Health Care’s ESG management, establishing basic policies and strategies, and monitoring the implementation performance of ESG management activities.

Meanwhile, LG Household & Health Care is the first and only company in the domestic cosmetics industry to be included in the Dow Jones Sustainability Indices’ ‘World Index’ for three consecutive years, a globally recognized evaluation. It has also been awarded the highest grade, ‘Excellent,’ for six consecutive years in the Shared Growth Index announced by the Shared Growth Committee, demonstrating its commitment to ESG management.

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