Lotte Chemical Forms ESG Committee Within Board of Directors
[Asia Economy Reporter Choi Dae-yeol] Lotte Chemical announced on the 16th that it has newly established an ESG (Environmental, Social, and Governance) Committee within its board of directors. The company explained that this is to take responsibility for environmental and social issues and to establish transparent governance in important decision-making processes to achieve sustainable growth.
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The company's ESG Committee serves as the highest decision-making body in the process of formulating ESG management strategies and implementation plans. It also oversees investment decisions and monitors execution performance. The chairman is Jeon Un-bae, advisor at Dentons Lee Law Office (photo). Committee members include outside directors Kang Jeong-won, professor of Chemical and Biomolecular Engineering at Korea University, Choi Hyun-min, advisor at Jipyung Law Firm, Nam Hye-jung, professor of Accounting at Dongguk University, and inside director Lee Young-jun, CEO of Advanced Materials Industry.
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