Korean Re has secured top marks in the form of an ESG integrated rating of A from the Korea Institute of Corporate Governance and Sustainability (KCGS).
The announcement highlights the company’s improvement in the ESG space, following its rise from a B+ rating (Good)
An impressive feat, the firm clinched A ratings across all ESG categories, cementing its commitment to robust practices in environmental stewardship, social responsibility, and governance excellence.
Diving deeper into Korean Re’s strides, the company demonstrated a resolute commitment to environmental stewardship, introducing comprehensive guidelines.
The initiatives included ambitious targets to curtail greenhouse gas emissions and energy consumption, coupled with rigorous measurements of energy usage and carbon footprint. Moreover, Korean Re bolstered governance oversight, specifically focusing on ESG matters. Embracing declarations like the Phase-out of Coal Financing, the company fortified its ethical framework, ensuring transparent governance and robust risk management structures.
Korean Re CEO Jong-Gyu Won stated, “We will continue to make sure that our ESG policies are implemented based on the belief that sound ESG practices contribute to building a healthy and sustainable business.”
The firm’s ethos centres on delivering reinsurance services of unparalleled quality while prioritizing exceptional ESG standards. The company stands firmly on the principles of transparent corporate governance, environmental preservation, and proactive social responsibility. Upholding these core values isn’t just a moral obligation; it forms the cornerstone of Korean Re’s sustainable business operations.
The success of Korean Re isn’t solely measured by its commercial operations. Rather, it’s a testament to the company’s dedication to employee welfare and steadfast support for the communities it serves. The company firmly believes that achieving excellence in business goes hand in hand with responsible corporate citizenship and a commitment to ESG principles.
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