Dong-A Socio Holdings Receives Minister of Trade, Industry and Energy Award at Corporate Innovation Awards

Leading the Way in Practicing ESG Management

Dong-A Socio Holdings announced on the 8th that it received the Minister of Trade, Industry and Energy Award at the 30th Corporate Innovation Awards ceremony held on the 7th at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul.

At the 30th Corporate Innovation Awards ceremony held on the 7th at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, Jeong Jae-hoon, CEO of Dong-A Socio Holdings (third from the left), and Dong-A Socio Holdings officials are posing for a commemorative photo after receiving the Minister's Award.
[Photo by Dong-A Socio Holdings]

Celebrating its 30th anniversary this year, the Corporate Innovation Awards recognize exemplary companies leading management innovation and ESG (Environmental, Social, and Governance) management practices to promote corporate innovation activities.

Dong-A Socio Holdings is implementing social responsibility management based on the seven core subjects of the international standard 'ISO26000.' Since 2019, the group has disclosed its social responsibility management achievements and future plans across five major categories (human rights, environment, compliance, consumer focus, CSR) through its integrated group report ‘GAMASOT.’

In the human rights area, the company emphasized communication with employees through ▲establishing a human rights management process ▲implementing a hub office system ▲holding labor-management councils every quarter. In the environmental area, it conducted ▲voluntary third-party verification of greenhouse gas SCOPE3 ▲and promoted the use of reusable cups within the company. In the compliance area, the group plans to establish and operate an ABMS (Anti-Bribery Management System) across all group companies by 2024. In the consumer focus area, it operates information security and personal data protection systems, and in the CSR area, it engages in various social contribution activities.

Dong-A Socio Holdings makes decisions on social responsibility management through the group’s Social Responsibility Council and has increased the weight of social responsibility management performance indicators (KPI) in company evaluations from 10% to 20% by conducting ISO26000 diagnostics across all group companies, emphasizing the importance of social responsibility management.

In 2023, Dong-A Socio Holdings achieved notable results by becoming the first pharmaceutical company in the Morgan Stanley Capital International (MSCI) to receive an AA rating and obtaining a comprehensive A rating from the Korea ESG Standards Institute.

Jung Jae-hoon, CEO of Dong-A Socio Holdings, stated, "Dong-A Socio Holdings will continue to strive to be a company that fulfills its social responsibilities based on ISO26000 to enhance sustainability and competitiveness across the group."

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