Hanwha Life Insurance Achieves Integrated A Grade in ESG Evaluation

Hanwha Life announced on the 25th that it has received an integrated A grade in the 2024 ESG (Environmental, Social, and Governance) evaluation announced by the Korea Corporate Governance Service (KCGS).

KCGS is a leading ESG evaluation agency in Korea that assesses the sustainability management level of listed companies annually. The evaluation grade of 'Integrated A' is awarded to companies that demonstrate high-level ESG management across all areas?environment (E), social (S), and governance (G)?rather than in specific fields. Hanwha Life has maintained the integrated A grade every year since 2020, setting an example in ESG management.

Hanwha Life 63 Building exterior view.

This year’s ESG evaluation was conducted on a total of 1,068 companies (796 KOSPI-listed companies, 207 KOSDAQ-listed companies, and 65 unlisted financial companies). Hanwha Life is the only company in the life insurance industry to achieve an integrated A grade for five consecutive years.

Hanwha Life received the highest grade of A+ in the social (S) category. This is the result of evaluating ESG risks at the executive level and introducing various policies to enhance workforce diversity and strengthen family-friendly systems.

As the first insurance company to acquire ISO/IEC 27017 (Cloud Information Security Management System) and 27018 (Cloud Personal Information Protection Management System) certifications, Hanwha Life has also been committed to strengthening personal information protection.

A Hanwha Life official stated, “Hanwha Life has set ‘Green Life 2030 for a Sustainable Tomorrow’ as its mid- to long-term strategic goal and is diligently practicing ESG management. We will continue to expand our positive influence by sharing ESG management achievements and social value.”

Meanwhile, Hanwha Group’s financial affiliates?Hanwha Life, Hanwha General Insurance, and Hanwha Investment & Securities?all received the ‘Integrated A grade’ in this evaluation.

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