Ildong Pharmaceutical Presents Best Practices at Fair Trade Commission CP Symposium... Introducing ESG Management Achievements

[Asia Economy Reporter Lee Gwan-joo] Ildong Pharmaceutical announced on the 14th that it was introduced as an exemplary company in ESG (Environmental, Social, and Governance) management and CP (Compliance Program) operation at the '2022 CP Symposium' hosted by the Fair Trade Commission.

Ildong Pharmaceutical's CP team, the department responsible for the company's CP operation and management, participated and presented the current status and cases related to its ESG management and CP operation.

Currently, Ildong Pharmaceutical has established committees and dedicated organizations related to ESG management, such as the ESG Management Council and ESG Management Team, focusing its capabilities on environmentally friendly activities, social responsibility practices, shareholder relations, and transparency enhancement.

Previously, Ildong Pharmaceutical received the highest grade of 'AAA' in the 2019 CP grade evaluation by the Fair Trade Commission, the first in the industry. Additionally, it earned an 'A' grade, the highest level in the same industry, for two consecutive years in 2020 and 2021 in the ESG evaluation by the Korea Corporate Governance Service (KCGS).

Furthermore, under the direct supervision of the CEO, who serves as the Chief Compliance Officer, Ildong Pharmaceutical has dedicated organizations such as the CP Management Office and CP Team, as well as bodies like the Compliance Council and Compliance Officers. These entities carry out internal and external CP tasks, operate the in-house CP system, conduct education and monitoring, and promote the establishment and dissemination of CP culture.

Deputy General Manager Gongjeong of Ildong Pharmaceutical, who gave the case presentation, said, “Since introducing CP in 2007, the firm results have been achieved through the firm commitment of top management including the CEO, cooperation among the CP dedicated team and related departments, and the interest and participation of all employees.” He added, “We plan to actively participate in activities to establish and spread the CP culture and widely share related know-how.”

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