Lotte Holdings Publishes Sustainability Management Report... "Accelerating ESG Management"

On the 30th, Lotte Holdings published the 'Sustainability Management Report'.

[Asia Economy Reporter Lim Chunhan] Lotte Holdings announced on the 30th that it has published a "Sustainability Management Report" to disclose its management performance and ESG (Environmental, Social, and Governance) activities and actively communicate with customers and stakeholders.

This Sustainability Management Report contains the financial and non-financial activities and achievements of Lotte Holdings and Lotte Group in 2020. It is composed of a total of six chapters?Introduction, ESG Overview, Environment, Social, Governance, and Appendix?spanning 95 pages. The Introduction provides an overview of Lotte Holdings' financial performance and the overall business portfolio of Lotte, while the ESG Overview explains the goals and direction of ESG management. The Environment, Social, and Governance chapters include Lotte Group’s management systems in each area, as well as implementation directions and key cases.

Lotte Holdings selected eight core issues for sustainable growth. Responsible management and compliance are the highest priority core issues, and as a holding company supporting and cooperating with group companies, it also considers securing and developing outstanding talent and creating a good organizational culture as standards for its roles and responsibilities.

In October, Lotte completed the establishment of boards of directors in all listed companies and plans to publish sustainability management reports for all listed companies by June next year. Lotte is the first group to mandate the establishment of ESG committees under the boards of directors and the publication of sustainability management reports for all listed companies.

A Lotte Holdings official said, “Lotte is forming committees and dedicated teams within affiliates to promote ESG management tailored to the characteristics of each group company’s business,” adding, “Lotte Holdings plans to lead the group’s ESG management direction by operating dedicated organizations and working-level consultative bodies for each affiliate to establish governance and set ESG KPI directions.”

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