LS Electric Accelerates ESG Expansion: "This Year Marks the Beginning of ESG Management"

LS Electric ESG Management Declaration Ceremony Held on the 4th

On the 4th, at the LS Electric ESG Management Declaration Ceremony, attendees including Koo Ja-kyun, Chairman of LS Electric (fifth from the left), Lee Won-chang, Chairman of the LS Electric ESG Committee (fifth from the right), and Myung No-hyun, President of LS Corporation (fourth from the left), are taking a commemorative photo. / Provided by LS Electric

[Asia Economy Reporter Kim Pyeonghwa] LS Electric declares this year as the inaugural year of sustainable management (ESG). The company is introducing ESG philosophy across all management areas to build a win-win corporate culture that grows together with society.

On the 4th, LS Electric held the 'LS Electric ESG Management Declaration Ceremony' at LS Tower in Anyang, Gyeonggi Province, attended by about 300 executives and employees including Chairman Koo Ja-kyun. ESG management is a management policy that fulfills corporate social responsibility and promotes long-term growth in three aspects: Environmental, Social, and Governance.

LS Electric presented the ESG management vision as "A sustainable future through eco-friendly energy solutions." The company pledged to harmoniously operate a balance between business and financial performance and non-financial values to fulfill its role as a global smart energy leading company.

At the event, Chairman Koo said, "ESG practice has established itself as an essential value that guarantees sustainable growth not only for individuals but also for companies," adding, "Starting with this declaration ceremony, we must grow into a company loved, trusted, and respected by customers and society by embedding ESG philosophy throughout management."

He continued, "Based on our smart energy business capabilities, we must actively prepare for the approaching future to lead the market and become a company that contributes to local communities and society," adding, "ESG management can only be completed when we set practical goals beyond formal slogans and achieve them one by one."

To achieve ESG management, LS Electric selected the core '3R' tasks: ▲ eco-friendly management based on carbon neutrality ▲ creating a safe and happy working environment ▲ practicing ethical and transparent responsible management.

Reflecting its eco-friendly commitment, LS Electric will actively pursue net zero through RE100 (100% renewable energy use) by 2040. Net zero refers to various activities that reduce the six major greenhouse gases generated by corporate management activities to effectively bring emissions to '0'. Along with this, the company plans to intensively promote ▲ expansion of eco-friendly product development ▲ creation of safe workplaces ▲ strengthening win-win management with partners ▲ expanding communication and welfare for employees ▲ enhancing ethics/compliance management ▲ establishing an ESG operation system.

Meanwhile, LS Electric launched an ESG committee under the board of directors last year and established a dedicated ESG organization to set a basic roadmap for spreading and internalizing ESG management.

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