Hanwha Systems said on the 19th that it received the top "AAA" rating in this year's ESG (environment, social responsibility, and corporate governance improvement) assessment released by Morgan Stanley Capital International (MSCI). This is the first time a domestic defense company has received an AAA rating.
MSCI evaluates the level of sustainable management and the capacity to manage non-financial risks for more than 8,500 listed corporations worldwide and assigns seven ratings from the highest AAA to the lowest CCC. The AAA rating can be received only by corporations within the top 7% among those assessed in the global aerospace and defense institutional sector.
Hanwha Systems explained that it received high marks for expanding investment in research and development (R&D) to secure technologies to respond to climate change and natural disasters, education and support activities to strengthen a win-win ecosystem with partners, and efforts to enhance employee capabilities and innovate organizational culture.
A Hanwha Systems official said, "We will further strengthen our sustainable management system to meet global standards and grow into a responsible advanced defense and space company."