LX Inter, Publishes Eleventh Sustainability Management Report

Published Annually Since 2014

LX International has solidified its ESG (Environmental, Social, and Governance) strategy by releasing its eleventh sustainability management report.

On the 3rd, LX International announced the publication of its "2024 Sustainability Management Report." LX International has been publishing this report annually since 2014.

This report outlines a strategy to expand a sustainable business foundation based on existing business capabilities. In particular, it emphasized that the company is promoting the secondary battery core minerals and materials sector as a strategic growth business, leveraging its expertise accumulated in resource development and intermediary trade. Acquiring management rights to Indonesia's AKP nickel mine earlier this year, the first domestic company to do so, is part of this effort. Going forward, LX International plans to make additional investments in mines and refineries to expand the value chain of the secondary battery and electric vehicle industries, and further pursue intermediate goods trading with domestic and international secondary battery material companies.

The company also committed to strengthening efforts in the Environmental (E), Social (S), and Governance (G) aspects. For issues related to the environmental management system in the environmental sector, supply chain ESG risk management in the social sector, and compliance in the governance sector, the company applied the IFRS Foundation’s ESG disclosure framework. The report focuses on four key elements: governance, strategy, risk management, and metrics and targets, detailing activities and achievements.

Additionally, the report includes the establishment of a supply chain ESG management system, such as conducting ESG assessments and training for partner companies. The report is available on the LX International website.

Yoon Chun-sung, President of LX International, stated, "Global supply chain issues and regulations are gradually intensifying, and stakeholders’ ESG demands are deepening. We will do our best not only to pursue business expansion and economic performance but also to fulfill our responsibilities from an ESG perspective and create sustainable value."

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