Global fashion ODM company Hansae Industrial (Co-CEOs Ikhwan Kim and Kyung Kim) announced on the 1st that it was selected as the 'ESG Best Company' in the '2025 First Half Corporate ESG Evaluation' announced by domestic ESG evaluation agency Sustainbest. Hansae Industrial received the highest grade of 'AA' in this evaluation.
SustainVest evaluates ESG capabilities of approximately 1,300 KOSPI/KOSDAQ listed companies and some unlisted companies twice a year, once in the first half and once in the second half. This evaluation was conducted based on business reports as of the end of 2023, focusing on the governance sector, and was evaluated differentially by dividing the companies into three groups based on total assets according to their size.
Hansae Industrial was included in the group with total assets of 500 billion won or more but less than 2 trillion won, and ranked 6th among the 30 best companies in this group. In particular, it received a stable evaluation in the governance sector, including ▲strengthening the independence of the board of directors, ▲securing the expertise of the audit committee, and ▲improving the compliance rate of key indicators. In fact, the company has laid the institutional foundation for improving the governance structure, such as composing all audit committee members as outside directors and including accounting and financial experts.
Continuous improvement efforts are also reflected in the environmental and social sectors. Hansae Industrial is working to achieve carbon neutrality by building solar power generation facilities, purchasing renewable energy certificates (RECs), and using biofuels, focusing on overseas production bases. It is also actively engaged in social contribution activities. Since 2017, its Vietnamese subsidiary has donated books to 100 elementary schools, delivering a total of 10,000 books, and its domestic headquarters has been conducting a campaign to donate the proceeds from an online charity auction with employee participation to children from multicultural families.
Hansae Industrial Vice Chairman Kim Ik-hwan said, “I believe that our company-wide efforts to achieve sustainable management have led to a positive evaluation,” and added, “We will continue to make continuous improvements and manage responsibly to establish ourselves as a trustworthy company in all areas of the environment, society, and governance.”
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