Lotte Construction Introduces Industry-First ESG Safety Capability Evaluation System

Training scene on the Serious Accidents Punishment Act for partner companies

Lotte Construction announced on the 8th that it has introduced the industry's first ESG (Environmental, Social, and Governance) safety and health capability evaluation system for its partner companies.

In collaboration with a credit rating agency, the system diagnoses safety capabilities through 19 detailed items under four evaluation categories: ▲Safety Management ▲Safety Control ▲Safety Investment ▲Safety Performance, rating them on a scale from 1 to 7. The evaluation results are used as qualification criteria for partners' bidding, and partners receiving poor ratings may be restricted from participating in bids. This is expected to proactively reduce the possibility of serious accidents from the bidding stage.

The system is initially applied to high-risk partners in fields such as reinforced concrete work, earthwork, and PC work, with support provided for safety capability evaluation costs, and plans to expand to other fields in the future.

Additionally, on the 27th of last month, Lotte Construction conducted training on the Serious Accident Punishment Act for over 200 companies, including excellent partners and high-risk field partners.

Considering the COVID-19 situation, the training was conducted online and was designed to help partners understand the Serious Accident Punishment Act and provide necessary measures for establishing and implementing safety and health management systems.

Meanwhile, Lotte Construction operates an annual award system for partners excelling in safety and health management. Starting this year, the company plans to expand this by offering exclusive contract opportunities to top safety and health partners, providing tangible incentives to enhance partners’ safety capabilities.

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