Dongguk CM Achieves Highest 'AA' Grade in SustainBest ESG Comprehensive Evaluation

A view of Dongkuk Steel Busan Plant. Photo by Dongkuk Steel

Dongkuk Steel Group's steel business division, cold-rolled business company Dongkuk CM, received the highest grade 'AA' in the Sustainvest ESG comprehensive evaluation for the second half of this year.

Sustainvest is a proxy advisory firm and ESG evaluation agency. It assesses the level of sustainable management in the environmental, social, and governance sectors and announces ESG ratings.

Dongkuk CM is a newly established corporation formed in June through the spin-off of Dongkuk Steel Group. This result is significant as it is the first ESG rating obtained after the spin-off, recognizing that Dongkuk CM as an individual company holds differentiated value in ESG management.

Dongkuk CM established the 'DK Color Vision 2030' in 2021 and has focused on developing eco-friendly products and building processes centered on three major strategies: global, marketing, and sustainable growth.

Dongkuk CM has made efforts to reduce carbon emissions, including acquiring international Environmental Product Declaration (EPD) certifications in the US and Europe and developing the world's first solvent-free biomass color steel sheet. By 2030, it aims to complete the 'No coating, No baking' color steel sheet process, targeting a 90% reduction in carbon emissions compared to existing levels.

Sustainvest evaluated Dongkuk CM's ESG rating as "a company with excellent ESG risk and opportunity management levels" and stated that "it is necessary to continuously manage ESG performance going forward."

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