GS Home Shop­ping awarded for sus­tain­abil­ity

The Korea Times - - BUSINESS - By Nam Hyun-woo [email protected]­re­

GS Home Shop­ping was named as a model com­pany prac­tic­ing sus­tain­able man­age­ment by a lead­ing proxy ad­viser, the GS group unit said Tues­day.

The Korea Cor­po­rate Gov­er­nance Ser­vice (KCGS) named GS Home Shop­ping as the top Kosdaq-listed com­pany at the proxy firm’s an­nual ESG Eval­u­a­tion award cer­e­mony on Yeouido, Seoul. ESG refers to en­vi­ron­men­tal, so­cial and cor­po­rate gov­er­nance which are the main fac­tors used to de­ter­mine a com­pany’s sus­tain­abil­ity. The KCGS has been nam­ing the best ESG com­pa­nies ev­ery year in or­der to pro­mote com­pa­nies that have pru­dent cor­po­rate gov­er­nance and en­hance their cor­po­rate so­cial re­spon­si­bil­ity ac­tiv­i­ties. Since last year, the KCGS has been hold­ing award cer­e­monies for com­pa­nies with the best ESG prac­tices.

The eval­u­a­tion mea­sures are sub­ject to mul­ti­ple cri­te­ria in­clud­ing ef­forts to pro­tect share­hold­ers’ rights and trans­parency in run­ning their boards.

GS Home Shop­ping said it has been pur­su­ing sus­tain­abil­ity in run­ning the com­pany, and it is de­lighted to see such ef­forts were rec­og­nized.

“With the im­por­tance of trans­par­ent cor­po­rate share­hold­ing struc­ture ever in­creas­ing, GS Home Shop­ping is hon­ored to win the recog­ni­tion,” a GS Home Shop­ping of­fi­cial said.

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