LG Electronics has again placed near the top of major global ESG assessments, underscoring its sustainability management results.
The company said Monday it was named to the “Top 1%” in S&P Global’s Corporate Sustainability Assessment for a third consecutive year. The assessment covered 9,243 companies worldwide, with only the top 1% in each industry group classified separately.
LG Electronics scored 77 points in the household durables and leisure equipment category, the highest score in that industry group. Across all industries, only 70 companies made the “Top 1%” list, and just two were South Korean firms, including LG Electronics.
S&P Global’s assessment reflects performance across environmental, social and governance factors. LG Electronics received consistently strong marks in key areas including environmental policy, human rights management, supply chain management and board independence, the company said.
LG Electronics also said it has been included in the Dow Jones Sustainability Indices World Index for 14 consecutive years, indicating it has maintained sustainability performance in the global top 10%.
Other evaluators reported similar results. In MSCI’s ESG rating, LG Electronics moved up one notch to “AA” from “A.” In EcoVadis’ assessment, it maintained a platinum rating for a second straight year, placing it in the top 1%. In Sustainalytics’ ESG risk rating, it received a “low” risk grade.
The company said it is accelerating efforts to shift to renewable energy and expand resource circulation. It is pursuing a goal of converting 100% of electricity used at all business sites to renewable energy by 2050, while also improving packaging by increasing recycled plastic use and introducing paper cushioning materials. It is also seeking carbon-reduction certification using high-efficiency heat pumps, it said, as part of broader greenhouse-gas reduction efforts.
On governance, LG Electronics said it is working to strengthen independence and transparency by appointing a board chair drawn from outside directors.
“Recent ESG assessments are moving beyond image management and are increasingly tied directly to supply chain risk and cost structures,” an industry official said. “LG Electronics’ ability to maintain top-tier ratings is likely to translate into real business competitiveness.”
* This article has been translated by AI.
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