LG Electronics Included in Dow Jones World ESG Index for 11 Consecutive Years

Only Top 10% Selected... Recognized for Greenhouse Gas Reduction and More

[Asia Economy Reporter Moon Chaeseok] LG Electronics has been included in the Dow Jones Sustainability Index (DJSI) World Index, which selects only the top 10% of companies in ESG (Environmental, Social, and Governance) management, for 11 consecutive years. This recognizes its capability in sustainable management.

According to LG Electronics on the 11th, the DJSI index is awarded only to the top 10% of ESG management level companies among the world's top 2,500 companies by market capitalization. It has also been included in the DJSI Asia Pacific Index (top 20% among 600 companies) and the Korea Index (top 30% among 200 companies) for 13 and 14 consecutive years, respectively.

In the "Environment" category, LG Electronics was praised for eco-friendly activities such as greenhouse gas reduction and expansion of renewable energy in line with the carbon neutrality 2030 goal. It also achieved results in reducing water usage and increasing recycling rates. In the "Social" category, it was recognized for supply chain risk management, establishing diversity policies, building an inclusive organizational culture, and flexible talent management. In the "Governance" category, it was evaluated for disclosing the Board Skills Matrix (BSM), the independence of the board, and establishing guidelines for expertise and diversity.

LG Electronics is strengthening eco-friendly management by using recycled plastics in key products such as OLED TVs, refrigerators, Aero Furniture, Stylers, dishwashers, Tiun Mini, and soundbars. The total direct and indirect greenhouse gas emissions from domestic and overseas business sites last year decreased by about 40% compared to 2017.

Recently, LG Electronics distributed universal Braille stickers that can be attached to all LG home appliances free of charge to customers. It also obtained the 'ISO37301' certification for compliance management systems from the global certification body BSI. This certification, created by the International Organization for Standardization, evaluates whether compliance management policies and risk management systems meet global standards.

In the results of the "2022 ESG Evaluation and Rating Announcement" released by the Korea Corporate Governance Service (KCGS), LG Electronics received a comprehensive A grade for two consecutive years, following last year. It received an A+ in the social sector and A grades in both governance and environmental sectors.

In the ESG evaluation conducted by the global ESG rating agency MSCI, LG Electronics received an A grade for two consecutive years. In the ESG evaluation by the global sustainability assessment organization EcoVadis, it earned the Platinum rating, awarded to the top 1% of companies, for two consecutive years.

LG Electronics has established the ESG mid- to long-term strategic task "Better Life Plan 2030." Accordingly, it presented ESG practice guides and goals to its employees and transparently disclosed its ESG management commitment and specific implementation plans to external stakeholders.

Hong Sungmin, LG Electronics ESG Officer, said, "Based on innovative technology and accumulated experience, we will continue activities that contribute to a better life for all and a better global environment."

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