Samyang Foods Strengthens ESG Management... Expands to Group Level

[Asia Economy Reporter Eunmo Koo] Samyang Foods is strengthening its ESG (Environmental, Social, and Governance) management.

Samyang Foods recently held a board meeting of the ESG Committee to establish a strategy for solidifying ESG management and announced on the 11th that it has begun expanding sustainable management activities together with its affiliates within the group.

Samyang Foods designated last year as the inaugural year of ESG management and has been building a management system across all sectors of environment, social, and governance. As a result, it received an integrated A grade in the 2021 ESG evaluation conducted by the Korea Corporate Governance Service, earning an A in environmental management and governance sectors, and an A+ in social responsibility management.

This year, the company plans to advance its ESG management system by setting strategic directions such as ▲low-carbon and eco-friendly management ▲creation of social value ▲transparent governance operation, and selecting key focus areas for each sector.

Samyang Foods is extending its efforts to solidify ESG management to its group companies. Samyang Naturals is establishing new HR policies that respect human rights and consider diversity, Prowell, which produces packaging cardboard, has installed automated equipment in its new factory completed last November, and Samyang Frozen is preparing to launch five frozen products certified as vegan.

A Samyang Foods official stated, “This year, we aim to elevate the level of ESG management in step with global changes. We will continue sincere activities to expand ESG management strategies not only at Samyang Foods but also across group companies and contribute to achieving social goals.”

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