LG Recognized As Industry Leader In Dow Jones Sustainability Index
ENGLEWOOD CLIFFS, N.J., Oct. 10, 2018 /PRNewswire/ -- LG Electronics has been named 2018 Industry Leader by the globally recognized Dow Jones Sustainability Indices (DJSI). This top ranking in the highly competitive consumer electronics category follows LG's track record of four consecutive years of recognition as a DJSI Industry Group Leader.
The DJSI Industry Leader distinction is earned by the highest scoring company within each of the 60 industries in the DJSI World Index. LG achieved industry-leading scores in Leisure Equipment & Products and Consumer Electronics for the company's innovative management practices in R&D investment, brand management, and effective environmental policies and management systems over operational eco-efficiency, hazardous substances and recycling programs. From 2014-17, LG was recognized as the Industry Group Leader in consumer durables.
Developed by S&P Dow Jones and RobecoSAM, the investment specialist focused on sustainability investing, the DJSI is the first world index to track leading global companies based on analysis of environmental, social and governance practices. More than 2,000 companies were analyzed as part of the 2018 DJSI Corporate Sustainability Assessment, and only companies that place in the top 10 percent are listed in the world index.
The DJSI recognition comes on the heels of LG's inclusion in the FTSE4Good Index, the global sustainable investment index series designed to identify companies that demonstrate noteworthy environmental, social and governance (ESG) practices measured against international standards. LG also received the MSCI ESG Rating of "AA" for the third consecutive year, further underscoring the company's commitment to addressing ESG risks and opportunities that may not be captured through conventional analyses.
"Environmental sustainability is a core business principle at LG," said William Cho, president and CEO, LG Electronics North America. "From driving energy efficiency with ENERGY STAR(®) certified products to pushing responsible electronics recycling to reducing greenhouse gas emissions from our operations and more, sustainability is the foundation of LG's mantra of creating a better life with our customers."
The company's sustainability efforts are detailed in the just-released 2018 LG Electronics Sustainability Report.
About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $55 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, mobile phones, commercial displays, air conditioning systems, solar energy solutions and vehicle components. LG's focus on environmental sustainability and its "Life's Good" marketing theme encompass how LG is dedicated to people's happiness by exceeding expectations today and tomorrow. LG is a 2018 ENERGY STAR(®) Partner of the Year-Sustained Excellence. www.LG.com.
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SOURCE LG Electronics USA
