S-1 CORPORATION SAMSUNG GROUP AFFILIATE

- KCGS, the most well-known ESG evaluation in Korea, conducted corporate evaluations for 765 companies

- S-1 is acknowledged for its diverse social contribution activities, transparent organizational culture, and more
- "As the leader of the security industry, S-1 will accomplish its role for ESG management to take root"

The total security solution provider S-1(CEO Roh Hee-chan) announced on November 17 that it was the first company in the security industry to acquire A (Advanced) rating in the “2021 ESG(Environmental, Social, Governance) evaluation and ratings of listed companies” conducted by Korea Corporate Governance Service (hereinafter referred to as KCGS).

KCGS is one of the three leading ESG evaluation institutions in Korea, and in 2003, it was the first among local evaluation institutions to assign companies with ESG ratings. It has the longest history among evaluation institutions in the industry and is acknowledged for its public credibility.

In this year’s ESG ratings by KCGS, 765 companies that were available for evaluation among 950 target companies were rated in the three sectors of environmental, social responsibility and governance during six months from April to October.

In this year’s ratings, S-1 received A (advanced) rating for social responsibility and governance, and B (average) rating for environmental responsibility. The overall rating was ‘A rating’, one grade above the B+ (satisfactory) rating as of last year.

S-1 received an A rating in the social responsibility sector, as the efforts to create a safe workplace such as introducing Occupational Health and Safety Management System (ISO 45001) and reinforcing safety education to employees were acknowledged. S-1 is showing the characteristics of the company through diverse social contribution activities that deliver the value of assurance, such as voluntary CPR education and Hope Scholarship Business for teenagers.

In the governance sector, S-1 established the ESG Committee to begin ESG management in full fledge. It took the lead in creating a transparent corporate culture by introducing an electronic voting system to enhance the convenience of its stockholders. Such efforts were acknowledged and received an A rating, which is one grade advanced compared to last year.

In the environmental responsibility sector, it received the same rating as last year, B (average) rating. It was highly appraised for introducing the Global Standard Environmental Management System (ISO 14001), replacing facilities in the workplace, creating an Eco Manual, etc.

S-1 announced the specific action plan in the environmental sector which is “Green Security through recycling security device wastes, utilizing mobile to reduce paper and plastic.” It announced, " S-1 will accomplish its role for ESG management to take root, as the leader of the security industry.”

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