Korea ESG Ratings comes up with quarterly survey
The country’s SK Corp. and Samsung Electronics got the highest marks in the quarterly ESG evaluation of the Korea ESG Ratings (KER), which was disclosed on Dec. 8.
The Seoul-based consultancy gave 82.7 points and 82.5 points to SK Corp. and Samsung Electronics, respectively, so that they could get the highest S marks.
A total of nine companies got A+ marks by receiving points higher than 75 on a 100-point scale.
They were KB Financial, Shinhan Financial, KT, Hyundai Motor, Woori Financial, Hana Financial, KT&G, SK Telecom, and LG Electronics.
In addition, up to 21 companies managed to garner points higher than 70 to gain A marks.
Included in the list were SK hynix, Kia, Samsung SDS, Hyundai Mobis, Samsung Life Insurance, Samsung Card, Mirae Asset Securities, Samsung Fire, LG Uplus, IBK, Naver, POSCO, Samsung C&T, Coway, SK Innovation, and NH Investment & Securities.
A total of five companies got points lower than 60 to be categorized as the C+ group. The underperformers were DB HiTek, Hyosung Advanced Materials, Daewoo E&C, and Hansol Chemical.
The KER evaluated the country’s top 100 companies, which came up with ESG reports, in terms of market capitalization.
“Last year, ESG management started among Korean companies. They have tried to improve it throughout this year,” KER CEO Sohn Jong-won said.
Short for Environmental, Social, and corporate Governance, ESG has been recognized as three central factors in improving the sustainability of a company or business.
During the past few years, ESG programs have become a hot-button topic for businesspeople, bureaucrats, and scholars both at home and abroad.