Hyundai Department Store Group announced on the 6th that six major listed subsidiaries, including Hyundai Home Shopping and Hyundai Department Store, were selected as part of the 'ESG Best Corporations 100' for the first half of the year by Sustainabest, an ESG (Environmental, Social, Governance) evaluation institution.

View of Hyundai Department Store headquarters./Courtesy of Hyundai Department Store

Sustainabest conducts ESG evaluations of listed and unlisted domestic corporations at the request of institutional investors every year in the first and second halves. In the first half of this year, 1,295 domestic corporations were evaluated.

In the listed corporations section with assets over 2 trillion won, Hyundai Home Shopping and Hyundai Department Store, along with Hyundai G.F Holdings, were included. In the listed corporations section with assets between 500 billion and 2 trillion won, Hyundai Green Food, Hyundai LIVART, and Handsome were included as ESG best corporations.

Hyundai Home Shopping and Hyundai Department Store ranked first and second in the section for corporations with assets over 2 trillion won. Hyundai Home Shopping rose from third place last year to first place this year, while Hyundai Department Store climbed from 21st place last year to second place this year.

Hyundai Department Store Group explained, "This is the result of sincerely promoting systematic and strategic ESG management at the group level." Hyundai Department Store Group operates an 'ESG council' centered on the holding company, analyzing the deficiencies of each subsidiary to derive improvement tasks, and establishing and executing effective promotion strategies for each environmental, social, and governance sector.

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