GS Retails obtains ESG A+

GS Retail received an integrated A+ rating in the Korea ESG Standards Institute’s 2024 ESG rating assessment. This is the highest ESG integrated rating ever achieved by GS Retail, and of the 764 companies evaluated this year, only 20 companies received an integrated A+ rating. The company played a key role in improving its integrated rating, particularly in the Social category, where it earned an A+, up one notch from last year, while the Environment and Governance categories were unchanged at A+ and A, respectively. The company’s eco-friendly convenience store, which has expanded its eco-certified products and implemented smart energy management systems and solar facilities, has generated energy savings. The company was awarded the Minister of Environment Award for two consecutive years for successfully promoting e-circular governance and the virtuous cycle project for waste electronics. In terms of socially responsible management activities. It also is strengthening the win-win system for affiliates, expanding sales channels for partners and supporting ISO certification, and expanding socially responsible stores to help support the underprivileged.

Focusing on ESG 

GS Retail has built partnerships with GS25 and GS The Fresh merchants as its core competency, and is on a path to grow with the industry’s leading brands. The company has strengthened its brand competitiveness with ISO 9001 and ISO 140001 certifications, and operates 206 Senior Stores (jobs for the elderly) and Neulbom Stores (independence support for the disabled) nationwide. GS25, a convenience store, and GS Shop, a home shopping store, were rated Best (franchise business) and Excellent (home shopping business), respectively, and GS Retail acquired the international standard ISO 37301 last year, solidly building a compliance management system that meets the global business environment. The company has significantly increased the transparency of its governance structure and is committed to enhancing shareholder value, including the decision to spin off its subsidiary Parnas Hotels and to cancel all treasury shares.