LS Nikko Dongjeomyeon, Asia's First to Obtain 'Copper Mark' Certification

[Asia Economy Reporter Jeong Hyunjin] LS Nikko Copper Refinery announced on the 23rd that it has become the first company in Asia to receive the 'Copper Mark' certification, an ESG (Environmental, Social, and Governance) certification system for the copper industry introduced by the International Copper Association (ICA).

The Copper Mark certification system was introduced by the ICA in 2019 and is awarded only to companies that comply with standards protecting the environment and human rights throughout all processes from ore mining to product manufacturing and sales, as well as promoting local coexistence and ethical management. It is known as the only 'ESG certification system' in the copper industry. So far, only seven global major copper companies, including Australia's BHP, Germany's Aurubis, and multinational Freeport-McMoRan, have obtained this certification.

LS Nikko Copper Refinery began preparing for the certification last December and applied for it in March. After strengthening its own standards and undergoing on-site inspections, it officially received the certification on the 22nd (local time). A representative from LS Nikko Copper Refinery said, "We received the certification a full year earlier than the initially expected acquisition date of December next year," adding, "Our continuous investments in environment and safety since 2016, ethical management, and sincere fulfillment of social responsibilities seem to have had a significant impact."

LS Nikko Copper Refinery expects that obtaining the Copper Mark certification will further enhance its business competitiveness in countries with strict ESG standards such as the United States and the European Union (EU). It also anticipates gaining merits in securing raw materials and product sales, being classified as a company suitable for socially responsible investment, which will be advantageous for financing and attracting investment.

LS Nikko Copper Refinery Chairman Koo Ja-hong said, "We are proud that our company's efforts to meet ESG standards have been recognized, and we expect this Copper Mark certification to serve as a stepping stone for becoming the world's top refining company."

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