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For 11th Consecutive years, a globally renowned company Sustainability index of companies committed to ESG management
ENGLEWOOD CLIFFS, NJ, December 13, 2022 /PRNewswire/ — LG Electronics has been ranked in the Dow Jones Sustainability World Index (DJSI World) for the 11th consecutive year, demonstrating the company’s leadership in responsible ESG management.
LG Electronics ranked in the Dow Jones Sustainability World Index (DJSI World) for the 11th consecutive year, demonstrating the company’s leadership in responsible ESG management.
DJSI World ranks only the top 10% of more than 2,500 companies worldwide in terms of corporate sustainability performance, evaluating each organization based on an in-depth analysis of its environmental, social and governance performance. Updated annually, DJSI World is regarded by investors, governments and other key stakeholders around the world as a reliable indicator of corporations’ ESG commitments.
LG scored well in three areas of ESG management in this year’s index. Acclaimed for its various environmental initiatives, the company is actively reducing greenhouse gas emissions and water consumption while increasing its recycling rate, switching to renewable energy sources, and steadily progressing toward its goal of carbon neutrality by 2030. LG reduced the total direct and indirect greenhouse gas emissions of domestic and foreign waste last year by 40 percent (compared to 2017 levels).
In terms of social indicators, LG received a positive rating from DJSI World for its strong efforts in supply chain management, global workplace diversity and building an inclusive culture. The company has received positive reviews for implementing transparent and accountable governance practices, including disclosing its Board Skills Matrix (BSM) and establishing board guidelines on independence, expertise and diversity.
In order to create a more inclusive society by providing truly accessible products, LG has introduced free Braille stickers to enable the visually impaired to easily operate appliances. The company has also demonstrated its commitment to the highest global standards by obtaining ISO37301 certification from the British Standards Institution. Developed by the International Organization for Standardization, ISO37301 is an internationally recognized standard for assessing whether a company’s compliance management policy and risk management system meet global standards.
In addition to being listed in the DJSI World for 11 consecutive years, LG has also topped the DJSI Asia Pacific Index for 13 consecutive years and the DJSI Korea Index for 14 consecutive years. The Asia Pacific Index, which is evaluated on the same criteria as DJSI World, includes 20 percent of the world’s top 600 companies. Asia and the Pacific region, while the DJSI Korea Index recognizes 30 percent of the top 200 companies. South Korea.
LG has been awarded Platinum status for the second consecutive year by EcoVadis, an independent and globally trusted provider of business sustainability assessments, placing LG in the top one percent of all companies for its sustainability initiatives. And in the past two years, LG has received an “A” ESG rating from Morgan Stanley Capital International (MSCI), a global investment research firm.
LG’s ESG management practices and goals, including the company’s mid- and long-term strategic goals established earlier this year, are clearly reflected in the Better Life 2030 Plan. The plan reflects LG’s commitment to building an inclusive and diverse society. forming a circle of alliances closely related to the company’s employees, corporate partners, and interested parties.
“We will continue to do everything we can to realize our vision for a more sustainable future, using expertise, innovative technologies and global engagement to help improve the lives of everyone.” Hong Son-min, head of LG’s ESG department.
About LG Electronics USA
LG Electronics Inc., based in the United States Englewood cliff, N.J., is a North American subsidiary LG Electronics, Inc., a global innovator with a $63 billion investment in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle parts. LG is a 2022 ENERGY STAR® Sustainable Excellence Partner. How the company’s commitment to environmental sustainability and its “Life is Good” marketing theme LG Exceeding the expectations of today and tomorrow for the happiness of people. www.LG.com.
About LG Electronics, Inc.
LG Electronics is a global innovator of technology and consumer electronics with operations in nearly every country and an international workforce of more than 75,000. LG’s Four companies have more global sales: home appliances, air solutions, home entertainment, vehicle component solutions, and business solutions. 63 billion US dollars In 2021. LG It is a leading manufacturer of TVs, home appliances, aerial solutions, displays, service robots, automotive parts and its premium consumer and commercial products. LG Signature, smart LG ThinQ brands are household names around the world. please visit www.LGnewsroom.com for the latest news.
Media Contacts:
LG Electronics USA
John I. Taylor
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Robert Munoz
+1 516 949 9199
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SOURCE LG Electronics USA
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