JYP Entertainment Is the Only Korean Enterprise to Earn A Grade in ESG Evaluation in the First Half of This Year

Jul 02, 2024

 JYP Entertainment Is the Only Korean Enterprise to Earn A Grade in ESG Evaluation in the First Half of This Year
JYP Entertainment logo. Photo courtesy =JYP Entertainment



JYP Entertainment is the only Korean entertainment company that has earned an A grade in ESG evaluation.

According to the recent announcement of ESG evaluation by Sustin Best, an ESG evaluation agency, in the first half of 2024, JYP Entertainment achieved A grade. This is the only major Korean entertainment company that has been rated A, and it is said to be the result of JYP Entertainment's steady ESG activities.

The A grade obtained by JYP Entertainment means 'ESG Evaluation Outstanding Stock'. Based on Sustin Best, the proportion of A grades in the first half of 2024 is 20.3%, and the evaluation targets 1,072 listed companies in Korea.



SustinBest comprehensively and comprehensively assesses the level of ESG risk management of domestic companies so that they can select excellent companies from a sustainability perspective. It is a highly reliable evaluation agency connecting the Korea ESG Standards Institute (KCGS) and announces the results of ESG evaluation once a year in the first half and the second half of the year.

 JYP Entertainment Is the Only Korean Enterprise to Earn A Grade in ESG Evaluation in the First Half of This Year
Park Jin-young, founder of JYP Entertainment. Sports Chosun DB
JYP Entertainment published a sustainability management report in June that transparently contains the performance and information of sustainable management for three consecutive years. This also attracted attention as the first domestic entertainment company to publish a sustainable management report that compiled records of ESG promotion efforts and activities from 2022. The third sustainability management report reflected and detailed the results of a double materiality assessment that considers the impact of a company's management activities on the environment and society and the impact of sustainability issues on the company's financial aspects.



JYP Entertainment, on the other hand, was recognized for its social value by obtaining AA, the highest rating among domestic entertainment companies, in the ESG evaluation of the '2023 Morgan Stanley Capital International (MSCI)'.





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