LIG Nex1 Receives Morgan Stanley ESG 'AA Rating' for 2 Consecutive Years

Top Grade in Domestic Defense Industry, Employee Communication and Participation

Defense-Specialized Management, First Publication of Sustainable Management Report

LIG Nex1 (CEO Shin Ik-hyun) has received an ‘AA rating’ for the second consecutive year in this year’s ESG evaluation conducted by MSCI (Morgan Stanley Capital International).

MSCI ESG is an evaluation model that has analyzed key issues in corporate environment, society, and governance for publicly listed companies worldwide since 1999, assigning ratings on a seven-level scale from AAA to CCC. The ‘AA rating’ achieved by LIG Nex1, following last year, is the highest level in the domestic defense industry and is recognized as a leader group in the ESG field alongside the AAA rating.

LIG Nex1 was highly rated in areas such as △quality management systems and △employee communication and participation programs. LIG Nex1 applies a strict quality management process throughout the entire defense material production process and has continuously supported and conducted training activities to establish a systematic quality management system for its partner companies.

Additionally, the company operates various programs to promote good corporate culture and communication, including the ‘NB (Nex1 Board)’ system, an autonomous employee council that serves as a healthy communication channel between the company and employees and leads LIG Nex1’s organizational culture, management meetings, and ‘Family Day’ events inviting employees’ families to enjoy together.

Based on an ESG committee centered on outside directors, LIG Nex1 has established and promoted policies and tasks specialized for the defense industry, and plans to publish its first sustainability management report in June to ensure substantial activities.

Shin Ik-hyun, CEO of LIG Nex1, said, “It is meaningful to receive a good evaluation for the second consecutive year thanks to the active participation and dedication of our employees,” adding, “We will continue to strive to establish and internalize an ESG management activity model specialized for the defense industry.”

LIG Nex1 Pangyo House.

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