LX Holdings Publishes Second ESG Report Since Group Launch

by Choi Seoyoon

Published 21 Jun.2024 09:53(KST)

Significant Enhancement of the 'Double Materiality Assessment'

LX Holdings announced on the 21st that it has published its second ESG report following last year.

LX Holdings applied the 'Double Materiality Assessment' method in this report. The double materiality assessment is a method that selects key material issues by simultaneously considering the impact of business activities on society and the environment and external factors affecting the company's financial condition, in order to introduce ESG management throughout the company.

LX Holdings explained that it significantly enhanced the double materiality assessment method in line with global ESG initiative disclosure and evaluation standards, focusing on clearly understanding and reflecting the diverse stakeholders and social demands.

Through the double materiality assessment, LX Holdings selected 'Human Resource Management' as the group's top material issue and derived material issues such as ▲employee safety and health management ▲the role and responsibility of the board of directors ▲ethical and compliance management ▲systematic risk management, detailing related tasks and progress.

Koo Bon-joon, Chairman of LX Group [Photo by LX Group]

Chairman Koo Bon-joon of LX Group has continuously emphasized a unified awareness of ESG management among employees since the group's launch in 2021, accelerating its internalization. Various implementation plans are being concretized to minimize environmental impact, realize values of respect and coexistence, and strengthen governance transparency.

President Noh Jin-seo of LX Holdings said, "We plan to focus on internalizing ESG management to create a sustainable future unique to LX," adding, "We will transparently disclose ESG strategies and performance to various stakeholders every year through the ESG report."

This report can be viewed on the LX Holdings website.