KT&G (CEO Kyung-man Bang) was awarded the Minister of Trade, Industry and Energy Commendation at the '2024 Korea Energy Awards' ceremony held by the Korea Energy Agency on the 18th, in recognition of its efforts towards carbon neutrality.

Since 2020, KT&G's Cheonan factory has been investing in and improving facilities to address climate change, reducing a cumulative total of 880 tCO2eq (tons CO2 equivalent) of greenhouse gases over four years. Additionally, the factory has participated in the Energy Saving Technology Information Exchange (ESP) project organized by the Korea Energy Agency, contributing to greenhouse gas reduction policies and leading efforts to promote the necessity of carbon reduction through education and publicity activities.

In June, KT&G expanded the scope of its greenhouse gas reductions at the group level and re-established its company-wide 'Net Zero' target to 2045, five years ahead of the originally planned 2050. To achieve this, the company plans to reduce greenhouse gases using various methods including expanding solar power generation facilities, transitioning to high-efficiency equipment, and Power Purchase Agreements (PPA).

KT&G's efforts have been recognized, earning it the 'AA' grade, the highest level within its industry, in the MSCI ESG Index evaluations for four consecutive years from 2021 to this year. It also received the Prime Minister's Commendation in the ESG category at the '2022 Sustainable Management Merit Government Awards,' continuing its excellent ESG management practices.

A KT&G representative stated, "In the future, we plan to actively respond to the climate crisis by continuously reducing greenhouse gas emissions at each business site through the united efforts of our members," and added, "We will strive to achieve our long-term environmental vision through genuine ESG management implementation and the creation of tangible results."

(Photo Description) KT&G (CEO Kyung-man Bang) received the Minister of Trade, Industry and Energy Commendation at the '2024 Korea Energy Awards' ceremony hosted by the Korea Energy Agency on the 18th. The photo shows the image of the Minister of Trade, Industry and Energy Commendation.