Pulmuone achieved a significant milestone in sustainability by securing a spot in the global Top 5, as per the 2023 Corporate Sustainability Assessment (CSA) conducted by S&P Global, one of the world's top credit rating agencies.
This recognition, announced on the 14th, underscores Pulmuone's commitment to sustainability and places it among the top 1% of global food companies participating in the assessment. Notably, Pulmuone's achievement also marks the highest ranking attained by any domestic food company.
The S&P CSA, a highly regarded evaluation tool for sustainability and investment performance, encompasses various dimensions, including environmental, social, and governance aspects, along with financial performance. With 9,400 companies across 62 industries worldwide participating in the CSA evaluation, Pulmuone's performance stands out among the 260 companies in the food industry.
Within the evaluation, Pulmuone excelled in the Governance & Economic dimension, clinching the top position among global food companies. This achievement solidifies its status as a frontrunner in the realm of environmental, social, and governance (ESG) practices on a global scale.
The company's success can be attributed to its comprehensive approach to sustainability management, including the utilization of the Double Materiality Assessment to identify key issues affecting both the company and stakeholders. Pulmuone also integrates sustainability into key performance indicators (KPIs) for top executives, aligning sustainable growth with compensation goals.
Pulmuone's prowess extends to risk & crisis management, where it received recognition as the world's best organization. The company operates a robust integrated risk management system covering both financial and non-financial aspects, with a focus on transparently disclosing potential risks related to climate change and environmental law changes.
In supply chain management, Pulmuone prioritizes transactions with partner companies that adhere to the 'Cooperation Company Code of Conduct,' emphasizing safety, human rights, environmental responsibility, and ethical management. Moreover, the company conducts thorough assessments of core partner companies through external professional organizations.
In terms of environmental stewardship, Pulmuone has made significant strides in water management and biodiversity. By transparently disclosing risks and opportunities related to water resources and minimizing environmental pollutant discharges, the company demonstrates its commitment to sustainable resource management.
Pulmuone's dedication to social responsibility is evident in its human rights management practices, aligned with global standards such as the Universal Declaration of Human Rights and the UN Guiding Principles on Business and Human Rights. The company conducts regular human rights impact assessments and promptly addresses infringement-related issues through established procedures.
Furthermore, Pulmuone excels in considering consumer health and nutrition in its product development and marketing processes. By adhering to principles of nutrition balance and transparently disclosing raw materials and additives, the company ensures consumer trust and satisfaction.
