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Press Release

08/10/2009

LG’s third annual sustainability report details company’s progress

Berkshire, UK10 August 2009 - LG Electronics released its third annual Sustainability Report, covering the 2008 fiscal year. The consumer electronics and appliance company’s report contains details of its progress in sustainable management and outlines future plans in areas covering the economy, society and environment.

 

LG’s Sustainability Report was produced to inform and update it various stakeholders of the company’s accomplishments and ongoing efforts to create a more sustainable business practice. An electronic version of the report will be available for download from LG Electronics’ home page at http://www.lg.com/about/sustainability/main.jhtml starting on August 19.

 

In producing this report, LG carried out extensive surveys, interviews and media analysis with stakeholders including customers, employees, academia, analysts, investors, consumer associations and NGOs. The report is divided into five categories comprising customer value enhancement, environment leadership reinforcement, responsible business partner practices, community engagement and employee value improvement. The report adheres to the international standard Global Reporting Initiative (GRI)’s G3 guidelines and was verified by Two Tomorrows, an international company that helps organisations adopt business sustainability practices.

 

“We will continue to explore new opportunities and growth engines, allowing us to become a leading multinational corporation that is both trusted and respected by its stakeholders through a deeper understanding of sustainability and its application to everyday management,” said Yong Nam, Vice Chairman and CEO of LG Electronics, in the report.

 

To ensure that its sustainability efforts receive the highest priority from management, LG Electronics established a Corporate Sustainability Management Committee earlier this year. And to reinforce sustainable management practices throughout its business, LG holds quarterly Corporate Sustainability Management Council meetings with decision makers from various Korean and overseas departments including Strategy, Human Resources, Corporate Social Responsibility, Finance and Environment, among others.

 

A presentation on LG’s sustainable business initiatives will be held for international analysts and investor organisations next month.

-ENDS-

 

 

 

About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 115 operations including 84 subsidiaries around the world. With 2008 global sales of $44.7 billion, LG comprises of five business units – Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is one of the world’s leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has signed a long-term agreement to become both A Global Partner of Formula 1™ and A Technology Partner of Formula 1™. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit www.lg.com.

 

 

 

For further information please contact:

 

Gemma Barford / Charlotte Stoel

Firefly Communications

lgbrand@fireflycomms.com

+44 (0)20 7386 1551

 

Sarah Brambley

LG Electronics

sarah.brambley@lge.com

+44 (0) 1753 491 628

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