Lotte Fine Chemical Upgraded to Integrated A+ Grade in 'ESG Evaluation'

Top 1.8% Among 1,049 Evaluated Companies

Lotte Fine Chemical announced on the 1st that it received an integrated 'A+' rating in the ESG evaluation conducted by the Korea ESG Standards Institute (KCGS), a leading ESG evaluation agency in Korea.

The Korea ESG Standards Institute is the most influential ESG evaluation agency in Korea, and since 2011, it has annually conducted comprehensive assessments of the sustainability management levels in the environmental, social, and governance sectors for listed companies in Korea, announcing ESG ratings.

Until last year, Lotte Fine Chemical had recorded an A rating for six consecutive years, but this year it rose one step to achieve the highest rating among evaluated companies. Among the 1,049 companies evaluated this year, 19 companies including Lotte Fine Chemical received the A+ rating, representing the top 1.8%.

Looking at each sector, the company received an A+ in Environment, A+ in Social, and A in Governance. This year, the environmental rating improved by one level compared to last year. This reflects high recognition of the company’s commitment and practice in eco-friendly management, including building a global clean hydrogen and ammonia supply chain, researching related technologies, expanding continuous environmental investments to reduce greenhouse gases, and reducing hazardous substances and waste.

Kim Yong-seok, Vice President and CEO of Lotte Fine Chemical
[Photo by Lotte Fine Chemical]

The company also received positive evaluations for analyzing water resource risks, participating in global initiatives, and establishing and implementing climate change strategies such as publishing the CDP (Carbon Disclosure Project) report.

In the social sector, the company achieved an A+ by promoting ESG open innovation with partners and building a sustainable supply chain through financial and technical support for partners. In the governance sector, it maintained an A rating as last year through efforts such as disclosing corporate governance reports and board-centered management.

Kim Yong-seok, Vice President and CEO of Lotte Fine Chemical, said, "This evaluation is the result of continuous challenges for sustainable growth despite rapidly changing management conditions and environments," adding, "Based on a firm commitment and effort toward ESG management, we will become a global leading company that sets an example in practicing sustainable management suitable for the carbon-neutral era."

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