Lotte Sustainability Management Wins Grand Prize at the '2022 Galaxy Awards'

Lotte Holdings Wins Galaxy Awards Annual Report - Print Category Grand Prize for Sustainability Management Report
Significance of Lotte ESG Management and Summary of Sustainability Activities and Achievements of Lotte Group Companies

2021 Lotte Holdings Sustainability Management Report (Photo by Lotte Holdings).

[Asia Economy Reporter Yuri Kim] Lotte announced on the 14th that it won the Grand Award at the 2022 Galaxy Awards in the United States on the 11th for its sustainability management report.

Now in its 32nd year, the Galaxy Awards is a global marketing communication competition hosted by MerComm, a U.S. company renowned for its tradition and authority in the marketing communication field. A total of 394 entries from 17 countries competed. The Galaxy Awards is highly credible as it is judged fairly by communication experts from over 50 countries without any advertising, membership, or external sponsorship. The awards are divided into 15 categories including advertising, membership, external sponsorship, annual reports, guides, design, and promotional videos, with winners announced annually after rigorous evaluation.

Lotte Holdings was selected as the Grand Award Winner in the 'Annual Reports-Print' category at the 2022 Galaxy Awards for its 2021 sustainability management report. Among Lotte group companies, Lotte Fine Chemical won the Silver Award in the 'Annual Reports-Online' category, and Lotte Shopping won the Bronze Award in the 'Annual Reports-Print' category. Since the ESG (Environment, Social, Governance) management declaration ceremony in July last year, Lotte has established ESG committees in all listed companies and made the publication of sustainability management reports mandatory, thereby building a unique ESG management system.

The Lotte Holdings sustainability management report reflects on the meaning of ESG management and consists of ESG practice cases from group companies creating their own unique ESG stories in Lotte’s way, along with the ESG report. It summarizes sustainability management activities and achievements in 10 key ESG areas: leading eco-friendly management, promoting low-carbon management, practicing innovation and inclusive management, creating excellent workplaces, building sustainable partnerships, contributing to community development, establishing advanced governance, enhancing shareholder value, practicing compliance and ethical management, and strengthening risk management.

Lee Hoon-ki, Head of ESG Management Innovation Office at Lotte Holdings, said, "Lotte is making every effort to systematically and transparently promote ESG management centered on Lotte Holdings and by each group company. We believe this award is an external recognition of Lotte’s efforts to become a global leader in ESG management."

Meanwhile, Lotte also won both Gold and Bronze awards at the ARC Awards last September. Now in its 36th year, the ARC Awards is the world’s largest annual report and sustainability management report competition, with 1,656 reports submitted from 33 countries worldwide. Lotte Holdings won the Gold Award in the 'Cover & Homepage' category and the Bronze Award in the 'Script & Writing' category for its 2021 sustainability management report.

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