Initiative

BGF Retail, a Real Friend in Times of Need

In 2021, the ongoing COVID-19 pandemic caused various social problems such as public health issues and an economic crisis, but BGF Retail achieved many meaningful results thanks to the encouragement and support of our stakeholders.

By successfully adapting to rapidly-changing consumption trends and fostering innovation in our products and services, we have firmly held our position as the number one convenience store in South Korea. We have also strengthened our brand’s competitiveness in the global market by developing a global system tailored to BGF Retail’s overseas business that combines the know-how and technologies of Korean convenience stores accumulated over the last thirty years.

The pandemic has been a reminder to citizens worldwide of the seriousness of environmental problems, reinforcing the need for companies to practice sustainable management. In response, BGF Retail has engaged in ESG management to contribute to the sustainability of the environment, society, and governance based on the company’s sound financial health. Thanks to these efforts, CU received an ‘A’ grade for two consecutive years in the ESG evaluation of the Korea Corporate Governance Service (KCGS) in 2021, the highest in the industry, proving its truth.

We are also engaged in various programs related to climate change and resource circulation, such as developing eco-friendly convenience store models and expanding eco-friendly packages. Moreover, in line with our ESG management philosophy, we have been developing collaborative, products to enhance the competitiveness of local farmers as well as create jobs for the socially and economically vulnerable.

Based on our distribution and logistics infrastructure, which reaches nearly every corner of the country, we have aimed to solve social problems by revealing the blind spots in our society. Our stores have served as a public space that offers safety and happiness to the people by offering protection for children who get lost, supporting business owners and partners struggling as a result of COVID-19, and supplying relief goods in disaster areas.

Furthermore, BGF Retail was the first in the industry to join the UN Global Compact in 2008, and has been striving to grow into a company that fulfills our social responsibilities as a corporate citizen. Going forward, we plan to continue to fulfill our role as a corporate citizen that contributes to a sustainable future by actively supporting the 10 principles of the UN Global Compact in relation to human rights, labor, environment, and anti-corruption and implementing them into our business activities.

BGF Retail will continue its efforts to become a company that lends a helping hand in times of need. We ask for your interest and encouragement in the growth of BGF Retail as a reliable neighbor and important partner.
Thank you.