Lotte Hi-Mart Establishes ESG Committee Composed of Three Internal and External Directors

On the 16th, Lotte Hi-Mart held a board meeting at Lotte World Tower in Songpa-gu, Seoul, and resolved to establish an ESG committee under the board of directors.

[Asia Economy Reporter Lim Chun-han] Lotte Hi-Mart announced on the 17th that it has established an ESG (Environmental, Social, and Governance) Committee.

Professor Jeong Do-jin of the Department of Business Administration at Chung-Ang University, an outside director, was appointed as the chair of the ESG Committee. The committee is composed of three members: outside directors Professor Lee Hee-ok of Sungkyunkwan University and Professor Jeong Do-jin, and inside director Maeng Jung-oh, Head of the Product Division at Lotte Hi-Mart.

The ESG Committee is the highest decision-making body overseeing Lotte Hi-Mart's ESG management. It establishes and manages the company's ESG management strategies and policies. Additionally, it plans to prepare and implement specific ESG management activity execution plans and directly manage and supervise their performance.

Hwang Young-geun, CEO of Lotte Hi-Mart, said, "We have taken an important step toward establishing a differentiated ESG management strategy that only Lotte Hi-Mart can achieve and putting it into practice. With the establishment of this committee as a turning point, we will accelerate our efforts to practice sustainable management."

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