KT&G is fully committed to resolving universal ESG challenges facing humanity in the areas of society, environment & climate change, and economy to create a healthy industrial ecosystem for all stakeholders. The KT&G's board of directors decides and reviews ESG's related matters under the leadership of the entire board of directors for more systematic and advanced management of ESG. In the future, KT&G will continue to expand and strengthen the sustainability of its businesses based on a global level of ESG governance.
ESG Assessment Outcomes
MSCI
KT&G deeply sympathizes with the importance of ESG management to enhance long-term corporate value of the company.
By maximizing financial performance as well as non-financial performance such as the environment, society, and governance,
We strive for sustainable management that is consistent with the global standards.
As a result, in 2021, it was awarded AA, an 'Industry Leader' rating by MSCI, an internationally renowned ESG evaluation agency.
Governance Assessment Results in 2021 (unit : %)
*2021 assessment results
KCGS
Moreover, KT&G has been awarded A+ for 2 years continuously, winning a ‘Grand Prize’ concerning the governance evaluation.
In the future, KT&G will make a constant effort to progress in moral way by communicating about sustainable future management performance via KT&G Report or via the website of KT&G.
| 2011-2024 | 2019 | 2023 |
|---|---|---|
| Recieved A Level(excellent grade) in the ESG Evaluation | Awarded the Grand Prize in the Governance Evaluation | Awarded the 'Excellence Awards' in the Governance Evaluation |
| Year | Overall Assessment | E (Environment) | S (Social) | G (Governance) |
| 2024 | A | A | A+ | A |
| 2023 | A+ | A+ | A+ | A+ |
| 2022 | A | A | A+ | A |
| 2021 | A | A | A+ | A |
| 2020 | A | B+ | A+ | A |
| 2019 | A+ | B+ | A+ | A+ |
Sustainability Accounting Standards Board (SASB)
Sustainability Accounting Standards Board (SASB)
The SASB presents ESG reporting standards that reflect industry-specific characteristics for qualitative comparison of financial and ESG performance across different industries. KT&G complies with the SASB standards in preparing the KT&G Report to make preemptive disclosures on the issues that the company faces as a tobacco manufacturer.
| Next-generation innovative product development | Responsible marketing |
|---|---|
| creditRatingKT&G rapidly develops high-quality products based on product differentiation strategies in the next-generation product market to meet diverse customer needs. | KT&G promotes responsible and sustainable marketing in accordance with policies and regulations including the WHO Framework Convention on Tobacco Control (FCTC). |
Climate Change Response (TCFD)
Climate Change Response (TCFD)
KT&G aims to proactively respond and prepare for risks and opportunities caused by climate change.
Based on the company-wide environmental management system, we actively participate in Global Initiatives related to climate change and promote activities for the reduction of GHG emissions and energy consumption.
UN Sustainable Development Goals (SDGs)
UN Sustainable Development Goals (SDGs)
KT&G endorses the UN ‘Sustainable Development Goals’ (SDGs), a set of common global goals intended to promote human prosperity and preserve the environment, and prepares the KT&G Report in accordance with pertinent standards.
Resolved local issues and promoted shared growth
Created a good working environment
Supported employees career development
Water conservation through maintenance of the high-temperature water softeners
Operation of solar power generation facilities
Creation of new recruitments / supported supplier’s sustainability
Innovative product developments through improved products and services
Established action for climate change system
Reinforcement of compliance and ethical management