SEOUL, Jan. 7 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Thursday that it joined the Value Balancing Alliance (VBA), a global business alliance organized to promote the development of global ESG standards by measuring ESG performance in a currency value and reflecting this data in account books. ESG is short for environmental, social [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. said Sunday it has moved up a notch to receive an A in the MSCI ESG Ratings assessment. MSCI, or Morgan Stanley Capital International, is an American rating agency that measures, among other things, a company’s resilience to long-term, financially relevant environmental, social [...]
SEOUL, Dec. 14 (Korea Bizwire) — Foreign tobacco companies have launched eco-friendly programs to promote environmental, social and governance (ESG) management. Philip Morris Korea is replacing packaging materials such as tape and bubble wrap that are used for the delivery of its IQOS tobacco heating device with eco-friendly paper materials on a gradual basis. It [...]
SEOUL, Dec. 8 (Korea Bizwire) — Businesses with Consumer-centered Management (CCM) certification tend to show better performance in environmental, social and governance (ESG) management, a consumer watchdog said Tuesday. The Korea Consumer Agency analyzed the annual CCM Certification Data from 2012 to 2020 and the ESG Performance Data compiled by the Korea Corporate Governance Service [...]
SEOUL, Dec. 6 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that it plans to develop indexes to assess the performance of Korean shipbuilders’ ESG management activities. ESG is short for environmental, social and governance criteria using factors to evaluate companies on how far advanced they are in the sectors of [...]
SEOUL, Nov. 3 (Korea Bizwire) — Companies with stronger ESG (environmental, social and governance) capability tend to have better financial performance, a local think tank said Tuesday. The Korea Institute for Industrial Economics and Trade released a report that analyzed the correlation between ESG grade and return on assets (ROA) for 868 listed companies in [...]
CHICAGO, Oct. 28 (Korea Bizwire) — While most companies have embraced safety as part of their corporate culture, there are still hurdles to overcome to improve their process safety and personal safety performance, Sphera’s new Safety Report reveals. Sphera®, a leading global provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting [...]
SEOUL, Oct. 15 (Korea Bizwire) — Hanwha Energy Corp., a South Korean renewable energy company, said Friday it has launched a committee to beef up sustainable management in light of the Environmental, Social and Governance (ESG) principles. The ESG committee, established within its board, will serve as the company’s key division tasked with devising and [...]
TORONTO, Oct. 13 (Korea Bizwire) — Colliers, a leading diversified professional services and investment management company (NASDAQ, TSX: CIGI), today released Elevate the Built Environment, its new strategic framework designed to embed environment, social, and governance (ESG) best practices across the organization. To address the material topics identified for the organization through strong stakeholder engagement, the [...]
SEOUL, South Korea, Oct. 12 (Korea Bizwire) — Nexen Tire, a leading global tire manufacturer, today released the 2020/21 edition of its ESG Report. Following the publication of its first CSR Report (2019/20) last year, Nexen Tire has released its second report, with the commitment of expanding ESG management and becoming a full-fledged customer-oriented organization. [...]