Korean Air ESG Management Receives Consecutive Praise from Domestic and International Institutions

[Asia Economy Reporter Yoo Hyun-seok] Korean Air is receiving consecutive praise from reputable domestic and international environmental, social, and governance (ESG) evaluation institutions.

Korean Air announced on the 14th that it has recently been newly included in the globally recognized sustainability evaluation index, the "Dow Jones Sustainability Index (DJSI) KOREA."

DJSI is a global sustainability management evaluation index published annually by evaluating companies' ESG performance, jointly operated by the world's largest financial information provider, Standard & Poor's Dow Jones Indices, and the global sustainability management evaluation institution, Standard & Poor's Global Switzerland SA. For inclusion in DJSI KOREA, Korean Air had to be within the top 30% of the sustainability evaluation index among the top 200 companies by domestic free-float market capitalization.

Additionally, Korean Air recently received a top-tier rating in the Airline Industry sector relative evaluation from ISS, the world's largest shareholder voting advisory institution. Since 2020, it has maintained the highest grade, Level 1, in the "ISS Corporate Governance QualityScore."

Korean Air has already received an integrated A grade for three consecutive years since 2020 from Korea Corporate Governance Service (KCGS), a leading domestic ESG evaluation institution, and an AA grade in the overall rating category from Sustainalytics.

The reason Korean Air receives such high ESG ratings domestically and internationally is due to its company-wide diverse efforts to strengthen ESG management in related fields.

Since 2020, Korean Air has worked to enhance governance transparency and increase board independence by separating the roles of CEO and chairman of the board and appointing all members of the Outside Director Candidate Recommendation Committee as outside directors. It has established an ESG committee to closely review major management issues that significantly impact shareholder value and shareholder rights.

As an eco-friendly airline, Korean Air is undertaking various efforts such as issuing ESG bonds, introducing next-generation eco-friendly aircraft, and using carbon-neutral aviation fuel. Leveraging the characteristics of the aviation industry, it is also actively engaged in social contribution activities including humanitarian relief cargo transport, community contributions, and win-win cooperation with partner companies.

Korean Air plans to continue management activities that actively reflect non-financial factors such as environment, society, and governance, which greatly influence corporate value and sustainable growth potential, as well as economic performance.

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