S-Oil forms a 7-member ESG committee

S-Oil headquaters in central Seoul [S-OIL]

S-Oil said Thursday it has established an ESG committee.

The committee will have seven members, including the leaders of the corporate strategy and service division, corporate affairs division and safety & environment division. It will hold a regular meeting every quarter to discuss and evaluate the company’s ESG management activities.

“We’ll raise our management transparency to be on par with global advanced players to ensure that our ESG management will help to contribute to the sustainable growth of our society,” the company said.

S-Oil has been acknowledged for its ESG management activities in the past by winning the ESG Awards organized by the Korea Corporate Governance Service. It also has been listed in the Dow Jones Sustainability Index for 11 consecutive years since 2010.

BY JIN EUN-SOO [jin.eunsoo@joongang.co.kr]