LX Hausys Establishes ESG Committee

[Asia Economy Reporter Choi Dong-hyun] LX Hausys announced on the 29th that it has established an 'ESG Committee,' the highest deliberative body related to ESG (Environmental, Social, and Governance) management within the board of directors.

At a board meeting held the previous day, LX Hausys resolved to establish the ESG Committee as a subcommittee under the board of directors. The committee will consist of four members: three outside directors and one inside director, with the chairperson to be appointed later by the committee's resolution.

The newly established ESG Committee will serve as the highest deliberative body for ESG management at LX Hausys, responsible for establishing basic policies and strategies in various ESG-related areas such as environment and safety, social contribution, customer value, shareholder value, and governance, as well as reviewing mid- to long-term goals.

For the purpose of enhancing management transparency, the ESG Committee will also perform review and oversight functions related to internal transactions. It will deliberate on matters such as transactions with the company's largest shareholders and related parties under the Commercial Act, transactions subject to regulations against private interest exploitation under relevant laws, and internal transactions requiring board approval under applicable laws.

LX Hausys plans to hold the ESG Committee meetings once every six months going forward. It also intends to conduct additional meetings as needed to monitor the performance of ESG management activities. To support this, an organizational support unit related to the ESG Committee will be established within the year to assist in the committee's operations.

An LX Hausys official stated, “By establishing the ESG Committee, we will further strengthen the company's commitment to practicing ESG management, fulfill our environmental and social responsibilities to grow together with society, and continue to pursue sustainable growth.”

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