Sungshin Cement, Publishes First Sustainability Management Report

Cover photo of Seongshin Cement Sustainability Report. [Photo by Seongshin Cement]

[Asia Economy Reporter Kim Jong-hwa] Seongsin Cement has published its first sustainability management report, encompassing both financial and non-financial performance, including ESG (Environmental, Social, and Governance) management.

According to Seongsin Cement on the 7th, the "2021 Seongsin Cement Sustainability Management Report" introduces ESG management visions such as environmental responsibility and preservation for future generations, the pursuit of happiness through coexistence with employees, partners, and local communities, and the creation of social value through corporate social responsibility. It also covers achievements related to circular resource management, workplace safety and health, and ethical and compliance management.

Through this report, Seongsin Cement plans to transparently communicate the economic, social, and environmental values and outcomes generated by its management activities with various stakeholders, including shareholders, customers, and local communities.

Kim Sang-gyu, CEO of Seongsin Cement, emphasized, "Seongsin Cement is focusing on ESG as a survival strategy amid increasing corporate responsibilities such as climate change and environmental issues, and the expanded uncertainties caused by the COVID-19 pandemic. ESG is not a choice but a necessity in a situation where survival and growth must be achieved simultaneously, and we aim to actively implement ESG to elevate corporate value to the next level."

This report follows the global ESG reporting guideline GRI (Global Reporting Initiatives) standards and underwent third-party verification by the Korea Management Certification Institute, a professional verification organization, to ensure an objective and transparent publication. The Seongsin Cement Sustainability Management Report is posted on the Seongsin Cement website upon publication and is accessible to anyone.

This content was produced with the assistance of AI translation services.