Lotte Holdings Wins 'Korea Grand Prize' at US ARC Awards

Lotte Holdings Sustainability Management Report
Faithfully Reflecting ESG Management Status and Strategies
Activity Content Easily Visualized... Gold Award in Design Section

Lotte Holdings announced on the 9th that the "Lotte Holdings 2021 Sustainability Management Report" received the Best of South Korea award at the 2023 ARC Awards in the United States.

Lotte Holdings '2021 Sustainability Management Report'
Photo by Lotte Holdings.

Now in its 37th year, the ARC Awards is the world's largest annual report and sustainability report competition organized by MerComm, a U.S.-based corporate communications specialist. Each year, communication experts from various countries serve as judges to comprehensively evaluate quality, originality, design, and more. This year, over 1,560 entries from 34 countries competed.

The Lotte Holdings 2021 Sustainability Management Report was highly praised for faithfully reflecting ESG (Environmental, Social, and Governance) management status and strategies, CEO messages, financial information, and for its excellent information accessibility and user convenience. It received the Best of South Korea award, the top prize among domestic entries. The report’s clear visualization of ESG activities also earned it a Gold Award in the design category.

The report published by Lotte Holdings includes content on leading eco-friendly management, promoting low-carbon management, practicing innovative and inclusive management, building sustainable partnerships, establishing advanced governance, enhancing shareholder value, and practicing compliance and ethical management.

Alongside Lotte Holdings, Lotte Fine Chemical’s "2022 Sustainability Management Report" also won the top prize in the international PDF version category at the 2023 ARC Awards. Through its sustainability report, Lotte Fine Chemical discloses information on clean hydrogen and ammonia businesses, expansion of clean technology adoption, establishment of environmental impact substance targets, and water resource risk analysis results.

Meanwhile, Lotte declared ESG management in 2021, focusing on establishing a systematic and transparent management system. Since then, Lotte has set up ESG committees within the boards of listed companies, operates dedicated ESG teams, and has mandated the publication of sustainability management reports for listed companies.

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