SeAH PR

SeAH News 2024-03-05

SeAH Holdings Named One of the World’s Most Ethical Companies for the First Time in Korea

Global business ethics rating agency Ethisphere has selected SeAH Holdings as one of the 'World's Most Ethical Companies' for the first time in Korea. Demonstrated integrity by establishing the 'Compliance Steering Committee' and introducing various programs for 'compliance and ethical management' Continued advancement of control systems for ethical business conduct is expected to strengthen the compliance and ethical management culture throughout the group



SeAH Holdings (CEO Lee, Taesung and CEO Yang, Youngju) announced today that it has been selected as one of the World's Most Ethical Companies 2024 by Ethisphere1), a global leader in defining and advancing standards for ethical management practices.



Ethisphere has been recognizing the world's most ethical companies since 2006, and this year, a total of 136 companies from 20 countries and 44 industries were recognized.



"Being recognized as one of the World's Most Ethical Companies for the first time in Korea is the result of the combined efforts of our management and employees to create a mature ethical culture," said Lee, Taesung, CEO of SeAH Holdings. "SeAH Holdings will continue to grow as a company that can have a positive impact on our stakeholders by practicing strong compliance and ethical management, as our mission of 'Beautifying the World' implies."



Erica Salmon Byrne, Chief Strategy Officer and Chairman of Ethisphere, said: "It's always inspiring to be recognized by the World's Most Ethical Companies®. "Through our rigorous vetting process, we have found that the organizations named to the World's Most Ethical Companies® are committed to continually improving their ethics, compliance, and governance practices for the benefit of all stakeholders." "Companies that foster a culture of ethics and integrity that is second to none in their industry set the standard for corporate citizenship for their peers and competitors to follow. We congratulate SeAH Holdings for demonstrating that strong ethics is good business and for earning this honor."



Ethics & Performance: The Ethics Premium


The 2024 World's Most Ethical Companies® honorees are companies that outperformed the comparator index of global companies by 12.3 percentage points from January 2019 through January 2024.

The World's Most Ethical Companies assessment consists of more than 240 questions on ethical culture, environmental, social and governance (ESG) practices, ethics and compliance programs, diversity, equality and inclusion, and initiatives to support strong value chains, based on analysis of Ethisphere's Ethics Quotient®. The data collected is subjected to qualitative analysis by experts, who spend thousands of hours each year screening and evaluating applicants. The process works as an operating system to collect and organize the ethics and compliance practices of industries and organizations around the world. The full list of this year's winners can be found on the World's Most Ethical Companies website at https://worldsmostethicalcompanies.com/honorees.







1) Ethisphere is a global leader in defining and advancing standards of ethical business behavior as they relate to corporate character, market credibility and business. It has deep expertise in assessing companies' core ethical standards through data-driven assessments. Each year, the World's Most Ethical Companies® program recognizes outstanding achievements in ethical management.

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