LG Named Among The Most Sustainable Corporations For The Third Consecutive Year
Company Recognized at World Economic Forum in Davos for Leadership in Economic, Social and
SEOUL, Jan. 22, 2016 ― LG Electronics (LG) was named one of the Global 100 Most Sustainable
Corporations in the World by Corporate Knights for the third consecutive year and was also awarded
the Gold Class distinction in RobecoSAM’s 2016 Sustainability Yearbook at the World Economic
Forum in Davos, Switzerland. LG ranked 44th in the most recent edition, up seven places compared
to the previous year.
Corporate Knights employs a comprehensive measurement system to gauge sustainability based on
a corporation’s environmental and societal outcomes, as well as financial performance. The firm
examined approximately 4,000 top corporations from around the world in order to compile its
definitive list of the 100 most sustainable companies. Each company was analyzed across 12 key
performance indicators such as R&D-based innovation, capital asset management, sustainable
energy utilization, greenhouse gas emissions, and ability to offer stable employment to existing hires
while also successfully integrating new employees. Despite challenging global business conditions,
LG has increased its R&D investment every year with a large portion of this investment going toward
the creation of new markets as well as finding and nurturing talent.
As one of the top-scoring companies in its industry, LG Electronics also qualified for inclusion in
RobecoSAM’s 2016 Sustainability Yearbook in which LG received the Industry Leader, Gold Class
distinction for its sustainability performance. Every year since 2004, the Sustainability Yearbook has
listed the world’s most sustainable companies in each industry as determined by their score in
RobecoSAM’s annual Corporate Sustainability Assessment (CSA). As in previous years, The
Sustainability Yearbook provides thought-provoking snapshots of the main trends, challenges and
opportunities that connect corporate sustainability initiatives with pro-sustainability investing.
LG has also been recognized for its dedication to preserving the environment, carrying out activities
that help reduce greenhouse gas emissions as well as water usage. In March 2014, LG was the first
electronics corporation in the world to have its eco-friendliness confirmed through a Certified
Emission Reduction (CER) certificate from the United Nations. LG has closely examined the labor,
ethics, environmental, safety and health practices at its worldwide production sites as well as those
of its many business partners, ensuring that all meet the EICC (Electronic Industry Citizenship
Coalition) code of conduct.
“Over the coming year we will continue to create innovative products that enhance the quality of life
for our customers while also actively engaging in socially responsible business practices. These are
the core tenants of LG’s corporate identity, and we believe that this philosophy will enhance the
company’s impact on the market ecosystem as a whole,” said Lee Choong-hak, executive vice
president of LG Electronics.