Lotte Fine Chemical Wins 'ESG Excellence Award' Hosted by Korea ESG Standards Institute
Kim Yong-seok, CEO of Lotte Fine Chemical (right), is receiving the ESG Best Company Award. Photo by Lotte Fine Chemical
View original imageOn the 24th, Lotte Fine Chemical announced that it received the ‘Grand Prize,’ awarded to only one company in the general listed companies category, at the ‘2023 ESG Excellence Awards’ hosted by the Korea ESG Standards Institute.
Lotte Fine Chemical was highly evaluated for accelerating the realization of sustainable business based on an enterprise-wide integrated risk management system. In particular, it is speeding up the transition to environmentally friendly business by expanding research, development, and investment in clean technologies to create a green ecosystem and establish a global eco-friendly supply chain. Additionally, it practices social responsibility management such as human rights and supply chain sustainability by establishing an enterprise-wide integrated risk management system while pursuing board-centered management.
In October, Lotte Fine Chemical received a comprehensive A+ rating, ranking in the top 1.8% among 1,049 companies evaluated in the ESG rating assessment conducted by the Korea ESG Standards Institute. Among the 19 companies that received the highest A+ rating, Lotte Fine Chemical is the only one to win the ESG Grand Prize this time.
Furthermore, it won the ‘Grand Award’ at the ARC (Annual Report Competition), one of the world’s three major awards for global sustainability management reports. This achievement corresponds to the top 2.5% among 1,560 submissions. In addition, Lotte Fine Chemical’s ESG management activities have been recognized for excellence both domestically and internationally, including receiving the highest ‘Platinum Award’ at the LACP Vision Awards.
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Kim Yong-seok, CEO of Lotte Fine Chemical, said, “This award is another recognition of our commitment to eco-friendly management and our efforts to build a sustainable business system. We will continue to advance ESG management to secure sustainable growth engines.”
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