Dongyang Life Insurance Publishes First Sustainability Management Report... "Strengthening ESG Management"
[Asia Economy Reporter Changhwan Lee] Dongyang Life Insurance announced on the 18th that it has published its first Sustainability Management Report as part of its ESG (Environmental, Social, and Governance) management activities.
This report was published to share the sustainability management activities and achievements that Dongyang Life Insurance has pursued so far with various stakeholders such as customers and local communities. It was prepared in accordance with the GRI (Global Reporting Initiative) standards, the international guidelines for sustainability reporting.
Based on materiality assessments including internal and external environmental analysis and key stakeholder interviews, the report introduces activities in seven major issues?consumer-centered management, talent management, governance, etc.?in the ‘ESG Highlights’ section.
Additionally, the current status and achievements in five areas such as environmental management, sharing management, and fair trade culture are described in the ‘ESG Performance’ section.
Dongyang Life Insurance has placed ‘ESG’ as the top priority value in management and has carried out various activities for sustainable management. In the environmental (E) sector, eco-friendly investments have been continuously expanded over the past three years. In the social (S) sector, donation expenditures have been increased to promote coexistence with local communities, and in July this year, an ESG Committee was established to ensure thorough transparent management (G).
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A Dongyang Life Insurance official stated, “This report is the result of the efforts of over 1,000 employees dedicated to sustainability management,” and emphasized, “We will strengthen communication with stakeholders and actively respond to ESG, the new global economic norm, to become a more transparent and trusted financial company.”
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