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Press Release 2020 ESG Rating Adjustment 2020.02.05
On January 28, 2020, Korea Corporate Governance Service(KCGS)

held an ESG Rating Committee meeting and downgraded the

Environmental(E), Social(S), and Governance(G) grades of 19 companies.

The negative adjustments are based on the added ESG risk identified

after the 2019 regular rating activity. KCGS’s ESG grades, both

individual and integrated, include S, A+, A, B+, B, C, and D. Previously

in October 2019, KCGS held a ESG Rating Committee meeting to assign

E·S·G grades to 875 listed firms and G grades for 48 non-listed financial

companies.



In the Q1 2020 adjustment, one company saw its E grade drop due to

added E risk, and ten and eight companies saw their S and G grade

downgraded, respectively. Due to the adjustment of the individual E·S·G

grades, seven firms saw their ESG integrated grade drop by one notch.



For enhanced timeliness of its ESG rating, KCGS raised the adjustment

frequency from semi-annually to quarterly. Through the sophistication of the

rating system, KCGS will continue its endeavor to help domestic firms enhance

their ESG practices and raise awareness of sustainability on the part of the

market and firms. Further adjustments will follow in April and July.



Appendix: Summary of Q1 2020 ESG Rating Adjustment
File
PR_2020 Q1 ESG Rating Adjustment(20200129).pdf
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