Celltrion has received its first 'AAA' rating from Morgan Stanley Capital International (MSCI) in its ESG (Environmental, Social, and Governance) assessment.
On November 11, Celltrion announced that it has improved its rating from 'A' to 'AAA,' moving up two levels. The MSCI ESG ratings range from 'AAA' to 'CCC' across seven tiers. This rating evaluates a company's ability to manage environmental, social, and governance-related opportunities and risks compared to its global peers, serving as a key indicator for institutional investors and asset managers analyzing investment risks.
In the environmental category, Celltrion is refining its environmental management system, focusing on managing the environmental impact of its products throughout their lifecycle and on conserving natural capital and promoting resource recycling. The company is also continuing its biodiversity conservation efforts in line with the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD).
In the social category, Celltrion has expanded its human rights education programs and broadened the scope of its annual human rights impact assessments to include suppliers and local communities. The company has been recognized for its achievements in increasing youth employment and creating a work environment friendly to employees, earning the title of 'Top Job Creation Company' from the Ministry of Employment and Labor for two consecutive years. Over the past three years, Celltrion has hired 940 new employees.
In governance, Celltrion has implemented a system for appointing lead independent directors. The company is also conducting evaluations of the board of directors, its committees, and individual independent directors to enhance the board's independence and accountability.
Celltrion continues to focus on shareholder returns, recently deciding to repurchase approximately 100 billion won worth of its own shares. The total amount of shares planned for repurchase this year is reported to be around 500 billion won.
A Celltrion representative stated, "We will continue to enhance our ESG management and fulfill our social responsibilities as a global comprehensive biotechnology company while strengthening our foundation for sustainable growth."
Meanwhile, Celltrion reported its highest-ever quarterly performance in the third quarter of this year. The company disclosed that its consolidated revenue for the third quarter reached 1.5755 trillion won, with an operating profit of 525.3 billion won. Compared to the same period last year, revenue increased by 53.1%, and operating profit rose by 74.3%. The operating profit margin improved by 4.0 percentage points to 33.3%.
* This article has been translated by AI.
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