LG Electronics said on the 5th that it was selected for the third straight year in the Top 1%—the highest tier—in this year's Corporate Sustainability Assessment (CSA) released by S&P Global. The CSA is an index that comprehensively evaluates corporations' performance in environment, social, and governance, and this year's assessment covered 9,243 corporations across 62 industries.
LG Electronics scored 77 points in the household durables and leisure products/consumer electronics industry group, the highest in that group. Among all assessed corporations, 70 were in the top 1% of their respective industries, and among Korean corporations, two—including LG Electronics—made the list.
LG Electronics was also included for the 14th consecutive year in the Dow Jones Sustainability Indices (DJSI) World index, which is based on the CSA results. The DJSI World selects corporations with top-tier sustainability performance among major global corporations. LG Electronics was evaluated on environmental policy and management, human rights management, customer relations, supply chain management, and product stewardship.
LG Electronics received an AA rating this year in the MSCI ESG Ratings. It moved up one notch after maintaining an A rating for five consecutive years since 2021. In the EcoVadis assessment, it received a platinum rating—corresponding to the top 1%—for the second straight year after last year. In Sustainalytics' ESG Risk Ratings, it earned a Low rating, indicating low risk.
LG Electronics is pursuing carbon reduction and resource circularity as key pillars of its ESG activities. It aims to convert 100% of the electricity used at all domestic and overseas business sites to renewable energy by 2050, and it is also working to expand the use of recycled plastics and develop paper cushioning materials for product packaging.
Recently, it has expanded carbon emission reduction efforts, including seeking voluntary carbon reduction certification using high-efficiency heat pumps. In terms of governance, it has focused on enhancing the board's independence and transparency by appointing a board chair from among outside directors.