LOTTE Chemical establishes the ESG Committee

■ Established the ESG Committee through the Board Meeting on the 16th… To fulfill the environmental and social responsibilities and establish a transparent governance for sustainable growth.
■ “The Committee will be the major decision-making entity for various ESG-related issues… for more aggressive practices for ESG management,” said CEO Kim Gyo-hyun

LOTTE Chemical announced that the ESG Committee was established within the Board Meeting by integrating the ESG perspectives for decision-making on the 16th to fulfill the environmental and social responsibilities and establish a transparent governance for sustainable growth.

The LOTTE Group announced at the end of last year that the ESG Committee will be established in affiliation to the Board Meeting of all listed subsidies at the VCM (Value Creation Meeting).

LOTTE Chemical’s ESG Committee will serve as the final decision-making unit for ESG management strategies and execution plans and monitor the investment decisions and performance of executions.

The chairman of LOTTE Chemical’s ESG Committee is Jeon, Woon-bae, an outside director who is an advisor for Dentons Lee. Members include Professor Kang, Jeong Won, Department of Chemical Engineering and Bioengineering, Korea University (outside director), Choi, Hyon-min, an advisor for the Jipyeong LLC, Professor Nam, Hye-jung, Department of Accounting, Dongguk University, and CEO Lee, Young-jun of Advanced Materials Division (internal director).

“The Committee will be the major decision-making entity for various ESG-related issues and LOTTE Chemical is planning for more aggressive practices for ESG management,” said CEO Kim Gyo-hyun.