Ssangyong C&E, Ranked No.1 in Cement Sector of 2021 Korea Sustainability Index (KSI)

Received Outstanding Evaluation in Community, Consumer, and Customer Fields

[Asia Economy Reporter Kim Jong-hwa] Ssangyong C&E was selected as the No. 1 company in the cement industry for the eighth consecutive year at the '2021 Korea Sustainability Conference' held on the 5th at Lotte Hotel in Sogong-dong, Seoul.

The Korea Sustainability Conference evaluates and awards sustainability based on companies' broad social responsibilities. Ssangyong C&E has had the honor of being selected as the top company since 2013, when the cement industry was first included in the evaluation.

This year’s Sustainability Index (KSI) evaluated 202 companies across 48 industries over approximately eight months. It involved about 23,000 diverse stakeholders, including industry experts, shareholders, internal employees, local community residents, and consumers, assessing how promptly and appropriately companies responded to key industry issues, using urgency and responsiveness indices as the main criteria.

Specifically, the index measured corporate sustainability by reflecting detailed issues across 40 items in seven core themes: organizational governance, environment, fair operating practices, community involvement and development, among others.

Ssangyong C&E received favorable evaluations in community involvement and development, as well as consumer customer fields. It was also positively recognized for maintaining leading strategies in enhancing corporate management transparency, sustainable resource use, environmental protection, and practicing social responsibility.

Lee Hyun-jun, CEO of Ssangyong C&E, stated, "Through fair corporate activities based on ESG management, we will actively respond to future climate change and continue sustainable development through proactive communication with various stakeholders."

Meanwhile, the Sustainability Index (KSI, Korean Sustainability Index) is a model that evaluates corporate sustainability by directly involving various stakeholders based on the seven core themes and issues of ISO 26000, the international standard defining organizational social responsibility.

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