Lotte Confectionery Receives Ministerial Commendation at the '2022 Sustainable Management Government Awards'

Choi Kyusang, Head of ESG Division at Lotte Confectionery (right), and Han Jungkyung, ESG Team Leader, are taking a commemorative photo. Photo by Lotte Confectionery

[Asia Economy Reporter Song Seung-yoon] Lotte Confectionery announced on the 8th that it received the Minister of Trade, Industry and Energy Commendation at the ‘2022 Sustainable Management Meritorious Government Awards’.

Hosted by the Ministry of Trade, Industry and Energy and the Ministry of SMEs and Startups, and organized by the Korea Productivity Center, the Sustainable Management Meritorious Government Awards recognize companies that have contributed to the spread and leadership of sustainable management, represented by the three elements of environment, society, and governance, and to enhancing industrial competitiveness through sustainable management. The main evaluation criteria are the performance and status of sustainable management in environment, society, and governance based on the K-ESG guidelines. This event, which began in 2006 as the ‘Sustainable Management Grand Prize,’ is a government award in the field of sustainable management.

Lotte Confectionery was finally selected in recognition of its achievements in ‘establishing an environmental management system to respond to the climate crisis,’ ‘social contribution activities linked to business,’ ‘safe workplace management,’ ‘excellent practices in improving labor-management culture and mutual growth,’ and ‘establishment of an ESG committee within the board of directors.’

In July last year, Lotte Confectionery declared ‘Sweet ESG Management’ and changed plastic cushioning materials and containers used in products such as ‘Mom’s Hand Pie,’ ‘Custard,’ and ‘Kancho’ to paper, reducing plastic use by approximately 576 tons annually. It strengthened support systems for partner companies and also built local children’s centers and playground facilities. Additionally, it continues ongoing activities to fulfill social responsibility, such as obtaining the international safety and health standard ISO45001 (Occupational Health and Safety Management System) certification.

A Lotte Confectionery official said, "We will continue to carry out sustainable management activities across all aspects of our business and strive to be a company that fulfills its social responsibilities," adding, "We will transparently disclose the results of our ESG activities to stakeholders."

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