Korean Re's ESG Rating Rises to 'A+' in the Social (S) Category

Overall Rating Remains 'A (Outstanding)' for the Second Consecutive Year

Korean Re has achieved an upgraded rating of A+ (Highly Outstanding) in the Social (S) category of the 2024 ESG evaluation by the Korea Institute of Corporate Governance and Sustainability (KCGS). The company has maintained an ESG integrated rating of A (Outstanding) for the second year in a row. KCGS's ESG assessment provides a comprehensive evaluation of companies' risks and systems in the Environmental (E), Social (S), and Governance (G) areas.

The improved rating reflects the company's steadfast commitment to corporate social responsibility and ethical practices within the Social category. Recently, the company conducted a human rights assessment across its operations and disclosed the results, while setting clear social indicators with mid- to long-term goals based on its newly established policies for occupational health and safety management.

Korean Re has also taken further steps toward systematic ESG management, such as reinforcing oversight by its Board of Directors and subcommittees on major ESG issues and enhancing disclosure practices in business and governance reports. Regarding its ESG achievement, Korean Re stated "We believe that a high standard of ESG culture directly correlates with corporate value, and we are wholeheartedly committed to advancing ESG management in the future."

Korean Re Takes Action in River and Beach Cleanups for a Healthier Environment

In October 2024, Korean Re employees engaged in environmental volunteer activities focused on river and beach cleanups. From October 23 to 25, a group of Korean Re volunteers visited Saetgang Ecological Park in Yeouido, Seoul, supporting various environmental protection efforts, including water purification with Effective Microorganism (EM) mud balls, tree planting to reduce fine dust, and the removal of invasive plant species to promote biodiversity in the riverside park.

The EM mud balls are designed to improve water quality and reduce unpleasant odors in rivers. They are created by mixing an EM solution of beneficial microorganisms with clay and then fermenting the mixture to produce these environmentally friendly purifiers.

Earlier, on October 18 and 25, Korean Re teams conducted marine cleanup activities at Yongmuchi Beach in Dangjin, South Chungcheong Province, collecting plastic bottles and other marine debris from the beach. Since adopting Yongmuchi Beach as a "companion beach" in 2022, Korean Re has been dedicated to regular cleanup efforts at the site. Last year, employees collected a total of 1,452 kilograms of waste, underscoring the company's commitment to environmental stewardship. The "companion beach" initiative involves adopting a beach to foster regular cleanup and environmental protection efforts.

As Korean Re continues to expand its social responsibility initiatives with a steadfast commitment to giving back to the community, it encourages each employee to participate in at least one volunteer activity each year. The river and beach cleanup programs involve 12 rounds of activities annually, engaging approximately 240 employees in meaningful environmental conservation efforts.