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.
Be Good Friends
BGF, Good Friends with the Earth and Society!
Establishing Eco-Friendly Value Chain
Creating Ecosystem for Shared Growth
Supporting Happy and Healthy Life
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
Representative Director
* Co Chairperson :
CEO of BGF Co., LTD
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
Environmental Adviser :
Professor Byung-wook Lee (Sejong University)
Social Adviser :
Professor Min-Jung Koo (Sungkyunkwan University)
Group
Leader: Communications
Office
Group
Leader:
BGF Retail
Product Headquarter
SCM Office
Group
Leader:
HR & General
Affairs Office
Communications Office
ecomaterials
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.
(quarterly)
Management
Committee
(semi-annual)
Directors
