KT&G (CEO Bok-in
Baek) published its 2019 KT&G Report, which includes the company’s
achievements in sustainable business management, such as ESG. KT&G has been
releasing the report since 2007 to deliver transparent and accurate information
on ESG to domestic and international stakeholders, as well as to inform of its
various CSR activities.
The 2019 KT&G
Report includes not only the major achievements but also the company’s
activities in three areas of ESG in order to facilitate readers’ understanding:
implementing environmental responsibility for the future, building a better
society with inclusion, and building an advanced governing structure with
global standards. Additionally, a new section on creating new markets through
innovation was added to address Next Generation Products (NGP) and major
achievements in R&D, with the view of emphasizing future potential.
In particular, as the
recent spread of COVID-19 has highlighted more than ever the responsibility and
role of the private sector, the report includes a page on responding to
COVID-19 in a way that introduces various activities. To act on its mission, “a
company by your side,” KT&G is actively contributing to efforts made in
overcoming the challenges that resulted from the continued spread of COVID-19, including
the economic downturn and public health crises.
For better
communication with a wide range of stakeholders, KT&G has closely examined
the recommendations of the international standards on ESG, including the Global
Reporting Initiative (GRI). The results have been reflected in the report.
A representative of KT&G
stated, “KT&G has been working hard to go beyond its identity as a global
private firm, and to work for the environment, for society, and for the maximization
of the non-financial values of the governance structure. We will continue to
create added value for society based on Korea’s best governance structure, and
publish the results in transparency.”
KT&G has been
recognized for its excellent sustainable governance and has obtained the A+ rank
in the ESG assessments, conducted by the Korea Corporate Governance Service,
for two years in a row. It was also awarded the Grand Prize in an assessment of
its governance structure.
KT&G (CEO Bok-in Baek) has released its 2019 KT&G Report, showcasing its achievements in sustainable business management in areas like the environment, society, and ESG. The photo shows the cover image of the report.
