KCC Wins Three Awards at the '2024 Korea Sustainability Conference'

10 Consecutive Years Awarded in Manufacturing Sector on Sustainability Report
Ranked 1st in Building Materials Industry on Sustainability Index
CEO Jeong Jae-hoon Receives Top Executive Award for Sustainable Management Practices

KCC demonstrated its excellence as an ESG (Environmental, Social, Governance) leading company by winning three awards at the Sustainability Awards.

On the 3rd, KCC announced that it was the only triple crown winner at the ‘2024 Korea Sustainability Awards,’ receiving ▲the Sustainability Report Award (KRCA) in the manufacturing sector for 10 consecutive years as an ‘Excellent Report’ ▲1st place in the Sustainability Index (KSI) in the building materials industry sector ▲and the CEO Award presented to CEO Jeong Jae-hoon.

The ‘Korea Sustainability Awards’ is the nation’s premier sustainability evaluation event, hosted by the Korean Standards Association and supported by the Ministry of Trade, Industry and Energy, the Fair Trade Commission, the United Nations Global Compact (UNGC), and others.

Jaehoon Jung, CEO of KCC. Provided by KCC

Since 2015, KCC has published sustainability reports annually, transparently disclosing not only financial performance but also non-financial achievements related to environment, society, and governance to its stakeholders. Under the management philosophy of ‘Creating Value for a Better Life,’ KCC has systematically carried out ESG activities through three strategic directions?‘Environmental Protection,’ ‘Creation of Social Value,’ and ‘Transparent Management’?and 11 related strategic tasks.

Through its reports, KCC transparently discloses the progress and outcomes of individual strategic tasks each year, clearly indicating the future direction, and has been selected as an excellent report annually. This year, with its 10th award for excellent reports, KCC was inducted into the Hall of Fame.

Notably, this year marks the first time since the report’s inception that KCC has pilot-listed the EU’s ESRS (European Sustainability Reporting Standards) Index (reference data). ESRS is a management standard for implementing the EU Corporate Sustainability Reporting Directive (CSRD), specifying the information companies must disclose regarding sustainability.

Since his inauguration, KCC CEO Jeong Jae-hoon has presented a vision of becoming a ‘world-class company with top-level eco-friendly management and technology’ and announced an ESG management declaration. This year, KCC has strengthened ESG management by introducing the ‘KCC Compliance Program 2.0.’ The program distributes customized guides for tasks with legal violation risks and enhances pre-work consultation systems between operational departments and compliance teams to proactively block elements that could hinder fair trade.

A KCC official stated, “KCC transparently discloses management performance and ESG management achievements annually through sustainability reports, strengthening communication with stakeholders. As a result of these efforts, we have had the honor of winning three awards at the Sustainability Awards. We will continue to do our best to fulfill our responsibilities as a sustainable growth company by responding to changes such as global ESG regulations, disclosure obligations, and supply chain due diligence.”

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