S-OIL Achieves A+ in ESG Comprehensive Evaluation by Korea ESG Standards Institute

S-OIL received an ‘A+’ rating in this year’s comprehensive ESG evaluation conducted by the Korea Corporate Governance Service (KCGS).

The Korea Corporate Governance Service is a non-profit organization under the Korea Exchange, established in 2002 to improve corporate governance of listed companies and strengthen sustainable management. It conducts annual evaluations of listed companies on environmental management, social responsibility management, and corporate governance (ESG).

KCGS awards an A+ rating in the comprehensive ESG evaluation to companies that fully meet excellent criteria in each ESG area and have a low likelihood of non-financial risks from the perspective of shareholder value.

This year, a total of 19 companies registered on the Korea Exchange, including S-OIL, were awarded the comprehensive ESG evaluation A+ rating.

S-OIL operates an ESG Committee under the Board of Directors and an ESG Promotion Committee composed of top management and executives to establish the long-term direction of ESG management and implement ESG strategic tasks.

In particular, according to the mid- to long-term decarbonization roadmap, it is increasing investments to improve energy efficiency and reduce carbon emissions in existing facilities, and is actively promoting eco-friendly low-carbon energy businesses such as hydrogen and biofuels.

An S-OIL official stated, “The acquisition of the integrated A+ rating in the KCGS ESG evaluation reflects the company-wide efforts to implement and improve ESG management,” adding, “We will continue to strive to achieve results in all areas of ESG and communicate these outcomes transparently with stakeholders.”

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