Haesung DS, a leading package substrate manufacturer, announced that it has received an A rating in the 2024 ESG evaluation conducted by the Korea Institute of Corporate Governance and Sustainability (KCGS). The achievement reflects the company’s commitment to promoting environmental responsibility and social value through its sustainable management efforts.

KCGS, a prominent ESG evaluation institution in South Korea, annually assesses companies overall sustainability management in the areas of Environmental(E), Social(S), and Governance(G) performance. The ESG evaluation serves as a key indicator to measure how effectively a company implements practices related to environmental protection, social responsibility, and transparent governance.

Since 2017, Haesung DS has consistently maintained the “A” rating in the ESG evaluation with only one exception(2022). This accomplishment ins attributed to the company’s continuous efforts to enhance internal processes and implement environmentally friendly policies while advancing social value across all sectors. As a result, Haseung DS has distinguished itself within the industry for its strong ESG performance.

One of the driving factors behind Haesung DS’s emphasis on ESG activities is its focus on fostering strong partnerships with global clients. With 99% of its revenue generated from exports, and a significant portion derived from European customers with stringent ESG requirements, Haesung DS has made substantial investments in ESG initiatives. Haesung DS is also actively preparing for upcoming regulations such as the Corporate Sustainability Due Diligence Directive (CSDDD) and the European Sustainability Reporting Standards (ESRS) through various proactive measures.

As part of its ESG efforts, Haesung DS recently participated in a collaborative project to eradicate invasive plant species affecting local river ecosystem. The company aims to preserve the natural environmental of local communities and deliver positive impacts through such initiatives.

“We are honored to be recognized for our ongoing efforts in environmental and social responsibility through the “A” rating in ESG evaluation.” The representative of Haesung DS stated, “Moving forward, we will continue to engage with diverse stakeholders and fulfill our corporate responsibility to contribute to a sustainable society.”