- Achieved industry-first 'Integrated A Grade' for four consecutive years in the 2023 ESG activity assessment

- High evaluations for expanding eco-friendly product lines, various social contribution activities, and efforts to enhance board governance

NOROO Holdings announced that it received an 'Integrated A Grade' for the fourth consecutive year, an industry-first, in the 2024 ESG (Environmental, Social, and Governance) assessment released by the Korea ESG Standards Institute (KCGS).

Since 2011, KCGS has provided objective evaluations and information on the sustainability management standards of listed companies in Korea. With the introduction of higher evaluation standards aligned with international benchmarks last year, the highest grades have become more exclusive, with the lowest grades increasing, leaving only 23.1% of companies achieving an Integrated A Grade.

The recognition received by Noroo Holdings this year goes beyond a mere grade; it signifies acknowledgment of their consistent long-term commitment to sustainability management, with results that underscore the effectiveness of their efforts.

In the key categories, the company achieved:

▲Environment: A, ▲Social Contribution: A+ ▲Governance: B+

Resulting in an overall Integrated A Grade.

In the environmental sector, NOROO Holdings received commendations for expanding eco-friendly product lines, such as water-based and bio paints through its chemical affiliates, and for taking significant steps toward carbon neutrality by increasing the use of renewable energy, including the installation of solar power facilities at their factories.

In the social sector, NOROO Holdings earned positive evaluations for launching a disabled table tennis team with its key affiliate Noroo Paint, following the lead of NOROO Auto Coating. Other efforts, such as collaborative programs with partner companies, regular safety training for employees and partner staff, and the establishment of an executive-led safety and health committee, were noted as effective.

As a holding company, NOROO Holdings develops ESG management strategies for the group and annually shares its objectives and achievements with investors and customers through its sustainability management report. Additionally, they received high marks for their board empowerment initiatives, such as establishing an ESG Committee, introducing Board Self-Assessment (BSM), and strengthening the compliance support organization.

A NOROO Group representative stated, "We are honored that a reputable evaluation agency has positively recognized our continuous ESG activities and commitment to practical efforts," adding, "In the face of a rapidly changing business environment, we will continue to enhance shareholder value and advance sustainable management activities that benefit our customers and the environment.