ESG Overview

ESG Management System

BGF Retail's ESG management aims to create an integrated value that combines economic and social values as a corporate citizen by maximizing profits and shareholder value.

ESG strategic

BGF Retail has established an ESG management vision to systematically implement sustainable management, which is becoming a global standard, throughout all business activities. It also fulfills its environmental and social responsibilities in 9 core areas to achieve the three mid-to-long-term goals.

Slogan

Be Good Friends

Vision

BGF, Good Friends with the Earth and Society!

3 Goals
PLANET

Establishing Eco-Friendly Value Chain

PARTNER

Creating Ecosystem for Shared Growth

PEOPLE

Supporting Happy and Healthy Life

Core
Areas

Reducing Greenhouse Gas Emissions

Reducing Plastic
/Disposable Product Usage

Reducing Waste and Expanding Recycling

Shared Growth with Franchisees and Partners

Expanding Support for Vulnerable Groups Including Children and the Disabled

Expanding Support for Community Development and Function to Carry out Official Affairs

Realizing GWP
(Great Work Place)

Providing Healthy and Right Food

Safeguarding Customer Safety and Privacy

Execution Process

BGF Retail established the ESG Management Committee in February 2021 to build the foundation for sustainable growth and fulfill its corporate social responsibility. ESG Management Committee carries out decision-making activities for BGF Retail's overall ESG management, includes external environment/CSV experts, and is composed of dedicated organizations for each environment/social/strategic area. The ESG Management Committee meets every quarter to analyze sustainability management performance and discuss areas for improvement, and report issues regularly to the Board of Directors, the company's highest decision-making body. The BOD supervises the company's ESG management by approving issues on sustainability management issues, directions, performance, and plans.

Composition of ESG Management Committee

ESG Management Committee
Chairman

Representative Director

* Co Chairperson :
CEO of BGF Co., LTD

Directors (C-Level)

Director of BGF Retail Strategic Innovation Division, Director of Merchandising and Overseas Business Division,
Director of Sales and Development Division, Director of Management Support Division

Advisory Group

Environmental Adviser :
Professor Byung-wook Lee (Sejong University)

Social Adviser :
Professor Min-Jung Koo (Sungkyunkwan University)

Dedicated Organization
Strategy
Group

Leader: Communications
Office

Environmental
Group

Leader:
BGF Retail
Product Headquarter
SCM Office

Social
Group

Leader:
HR & General
Affairs Office
Communications Office

Working Level Organization
ESG Team
MD Supporting Team
BGF Logis
BGF foods
BGF
ecomaterials
Organizational
Culture Team

Reporting Process

The ESG Management Committee meeting is held on a quarterly basis to review sustainability management strategies, directions, and performance, as well as discuss points of improvement, and major matters are reported regularly to the Board of Directors, the company's highest decision-making body.

Dedicated Organization
Approval Reporting
(quarterly)
ESG
Management
Committee
Approval Reporting
(semi-annual)
The Board of
Directors