Lotte Food Establishes ESG Committee Under the Board of Directors
[Asia Economy Reporter Seungjin Lee] Lotte Food announced on the 12th that it has resolved to establish an ESG (Environmental, Social, and Governance) Committee under its board of directors.
The ESG Committee of Lotte Food consists of a total of five members: one CEO and four outside directors. It was created with the purpose of practicing ESG management related to environment, society, and governance to enhance sustainable management and corporate value.
Going forward, the ESG Committee will hold one regular meeting annually and convene extraordinary meetings as needed to make decisions on ESG management strategies and execution plans, as well as to manage and supervise key initiatives.
To this end, Lotte Food has also formed a dedicated team to carry out practical tasks related to ESG. The 'Environmental Management Team,' established within the Production Headquarters in March, is working on reducing greenhouse gas emissions, water usage, and waste. In July, an ESG Team was newly created within the Corporate Planning Division to manage ESG issues at the company-wide level.
A Lotte Food official stated, "Through the establishment of the ESG Committee under the board of directors, Lotte Food will practice more systematic and proactive ESG management going forward."
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Meanwhile, Lotte Food is actively pursuing ESG management, including the establishment of a dedicated ESG organization this year. In May, eco-friendly packaging was introduced for Papico products and Shefood frozen HMR packages. In June, it became the first in the industry to provide all sales staff with eco-friendly electric vehicles. In August, the company introduced the 'ECO Gift Set,' which completely eliminates plastic packaging from all holiday gift sets, and added a separation disposal tear line to the labels of Pasteur milk packages. Since September, a company-wide eco-friendly campaign to reduce the use of paper cups has been underway.
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