APR Posts Strong Results Across Domestic and International ESG Ratings... Steps Up Sustainability Management

[Financial News] Global beauty company APR has earned consecutive strong results in major environmental, social and governance (ESG) assessments at home and abroad, gaining recognition for its sustainability management capabilities.
According to industry sources on the 15th, APR received an overall A rating in this year’s ESG assessment by the Korea Institute of Corporate Governance and Sustainability (KCGS). It also received a BBB rating in an assessment by global ESG rating agency Morgan Stanley Capital International (MSCI).
The Korea Institute of Corporate Governance and Sustainability comprehensively assesses the management systems and level of implementation in the environmental, social and governance areas at major listed companies in South Korea. APR received an A (Good) rating in the overall assessment and, in particular, an A+ (Very Good) rating in the social category, which assesses how well companies fulfill their social responsibilities.
APR’s rating also rose in the global ESG assessment. It received a B rating in MSCI’s interim ESG assessment in September this year, but its rating was raised by two levels to BBB in this month’s assessment.
Last June, APR published its first sustainability report since its founding, disclosing the status of its ESG management and its medium- to long-term plans. It incorporated international sustainability disclosure standards and other benchmarks to improve the reliability of its information, while expanding access to information for stakeholders at home and abroad by publishing an English-language report and revamping its official ESG website.
APR plans to further advance its ESG management system based on the results of this assessment. It will strengthen its management of greenhouse gas emissions and key environmental information, and work toward mutually beneficial growth with key stakeholders, including employees and partner companies. It also plans to improve management transparency and the credibility of decision-making while actively responding to changes in ESG assessment standards and the disclosure environment at home and abroad.
An APR representative said, "It is significant that we have received positive results in succession from major ESG rating agencies at home and abroad." The representative added, "We will continue to improve management across environmental, social and governance issues, establish a sustainability management system aligned with global standards, and strengthen the company’s long-term competitiveness."
[email protected] Jang Yu-ha Reporter