Kyobo Life Insurance Ranks 1st for 13 Consecutive Years in the Korea Sustainability Index

On the 24th, at Lotte Hotel in Jung-gu, Seoul, Jo Daegyu, Head of Sustainable Management Planning at Kyobo Life Insurance (left), and Kang Myungsu, President of the Korea Standards Association (right), are receiving the first-place award in the life insurance category at the '2022 Korea Sustainability Conference.'

[Asia Economy Reporter Changhwan Lee] Kyobo Life Insurance announced on the 24th that it ranked first in the life insurance sector of the '2022 Korea Sustainability Index' at the '2022 Korea Sustainability Conference' held at Lotte Hotel in Jung-gu, Seoul.

This marks the 13th consecutive year Kyobo Life Insurance has ranked first since the life insurance sector evaluation began in 2010, the most awards in the insurance industry.

The 'Korea Sustainability Index (KSI)' is an indicator that measures corporate sustainability based on ISO26000, the international standard for social responsibility.

Kyobo Life Insurance received high scores this year for its sustainable management through various ESG (Environmental, Social, Governance) activities.

To establish an ESG management foundation, Kyobo Life Insurance established the 'Sustainable ESG Committee' within the board of directors in March. It secured board diversity by appointing two female outside directors for the first time in the industry. Additionally, it disclosed ESG policies regarding response directions for each ESG issue and established an ESG roadmap.

Eco-friendly management activities are also ongoing. It has built a paperless office environment by establishing an electronic subscription system and adopting an electronic document system. In September, it obtained ISO 14001 certification, the international standard for corporate environmental management systems.

A Kyobo Life Insurance official said, "Kyobo Life Insurance will continuously pursue sincere ESG management activities rather than short-term achievements," adding, "We will actively carry out sustainable management efforts to grow together with all stakeholders."

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