Jin Air Receives 'A Grade' in Sustainvest's First Half ESG Evaluation

Jin Air announced on the 5th that it received an A grade in Sustainvest's 2023 first half ESG evaluation.

Compared to the second half of last year, Jin Air improved by one grade in both the 'Scale Grade' and 'Overall Grade' categories, becoming the only low-cost carrier (LCC) to receive an 'A grade.' This is the highest grade among the evaluated low-cost carriers. The Scale Grade is assigned based on differentiated criteria according to company size, while the Overall Grade is evaluated based on absolute criteria regardless of size.

In particular, efforts to enhance board operations, protect shareholders, and establish a transparent governance system were highly evaluated. In March, Jin Air extended the notice period for convening board meetings from one day to one week in advance. In 2022, the existing Governance Committee was expanded and reorganized into the ESG Committee. Additionally, by establishing a dedicated organization called the 'ESG Secretariat,' Jin Air is promoting professional and systematic ESG management activities.

Furthermore, the company is carrying out various activities to fulfill its social and environmental responsibilities, including ▲environmental protection activities at Jeju companion beaches ▲upcycling of uniform jeans ▲volunteer work for typhoon damage recovery in Guam.

Jin Air stated, "We will continue to strengthen our ESG management system and capabilities to grow as a sustainable company."

Sustainvest is an ESG evaluation and data analysis organization that announces ESG management level evaluation results twice a year, in the first and second halves, targeting over a thousand companies annually.

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