Korean Air acquired ‘Integrated Grade A’ for two consecutive years following last year in the ESG (Environment, Social and Governance) evaluation and rating of listed companies in 2021 recently announced by the Korea Corporate Governance Service (KCGS). said on the 31st.
The Governance Division, which was B+ last year, was also upgraded to A in recognition of its efforts to improve, such as the separation of the CEO and the chairman of the board of directors, the appointment of a female outside director, and the preemptive installation and operation of the ESG committee made up of only outside directors. As a result, it received a grade of A or higher in all categories along with A+ in the social sector and A in the environmental sector, which is the same grade as last year.
The reason Korean Air obtained the integrated grade A for two consecutive years following last year is because it has been making various efforts throughout the company in related fields to strengthen ESG management, which has emerged as a global topic.
Korean Air has separated the CEO and the chairman of the board of directors since 2020 to improve corporate governance, and has made efforts to strengthen transparency in governance and enhance the independence of the board of directors by appointing all members of the Outside Director Recommendation Committee as outside directors. come. In August of the same year, the ‘ESG Committee’ composed of all outside directors was established to oversee ESG-related matters, while closely reviewing the company’s major management issues that have a significant impact on shareholder value and shareholder rights and interests.
Korean Air is also making efforts to establish itself as an eco-friendly airline. In July, the first domestic airline to reduce carbon emissions by issuing ESG bonds for the additional introduction of the Boeing 787-10, an eco-friendly aircraft.
By Ahn Jae-gyun, staff reporter ajk@kihoilbo.co.kr
Kiho Ilbo – Newspaper that opens the morning, KIHOILBO
