Jin Air Receives Highest Grade Among LCCs in 2022 'ESG Evaluation'

[Asia Economy Reporter Hyunseok Yoo] Jin Air announced on the 25th that it received an overall B+ rating in the 2022 ESG evaluation of listed companies conducted by the Korea Corporate Governance Service (KCGS).

Overall, Jin Air received an A grade in the governance sector, a B+ in the social sector, and a B in the environmental sector, maintaining the same overall B+ rating as last year. The overall B+ rating is the highest among the evaluated low-cost carriers. Notably, Jin Air is the only low-cost carrier (LCC) to maintain an A grade in the governance sector.

Jin Air was highly evaluated for its efforts to strengthen board authority and establish a transparent governance system in the governance sector. It also received a B+ rating in the social sector for excellence in social contribution activities promoting coexistence with local communities and protecting consumer personal information.

Jin Air stated, "This year, we will continue to make efforts to strengthen the company's social role, including fulfilling corporate social responsibility and enhancing customer and shareholder value, by expanding and reorganizing the Governance Committee into the ESG Committee."

The Korea Corporate Governance Service is an organization that conducts evaluation, research, and investigation on corporate governance and social responsibility. ESG ratings are used as indicators to promote sustainable management of companies and to help capital market participants recognize the level of ESG management of companies.

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