Kakao Pay has received an integrated A rating in the 2026 Environmental, Social, and Governance (ESG) evaluation conducted by the Korea Corporate Governance Service (KCGS) for the second consecutive year.
The company announced on November 11 that it achieved an A rating in the environmental (E) category, an A+ in the social (S) category, and an A in the governance (G) category in this year's ESG assessment by KCGS.
KCGS is an organization that evaluates the ESG management levels of domestic companies and provides relevant information to institutional investors.
In the environmental category, Kakao Pay was recognized for establishing long-term goals and detailed strategies to address climate change, as well as for quantitatively disclosing the financial impacts of climate-related risks and opportunities on its business operations.
In the social category, the company received positive evaluations for its management systems addressing key risk factors such as health and safety, human rights, and information protection. Its regular assessments and monitoring of the supply chain to manage related risks were also noted.
In governance, the evaluation considered the management system for CEO candidates and the approval process for the compensation system of internal directors through the compensation committee.
Kakao Pay initiated its ESG committee in 2022 and established an ESG committee under its board of directors in 2023, becoming the first in the fintech industry to do so. In February of this year, it received a Prime rating in the ESG evaluation from Institutional Shareholder Services (ISS), the world's largest proxy advisory firm.
Shin Won-geun, CEO of Kakao Pay, stated, "This evaluation reflects the recognition of Kakao Pay's sincere efforts in ESG management. We will continue to focus on climate change response, supply chain management, and enhancing governance transparency while expanding information disclosure and coexistence activities."
* This article has been translated by AI.
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