LG Chem, accidents followed by overseas as well as in South Korea
Concern over adverse ESG evaluation
https://www.ajunews.com/view/20200519160022742
Reported by Shin Soo Jung: 2020-05-19 16:04
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Gas leak accident in India Subsequently, ESG rating downgraded due to fire accidents at research centers in Korea
LG Chem (LG 화학 , एलजीरसायन , ఎల్జీకెమ్ ) has continued to travel overseas , causing safety accidents in Korea as well as reducing safety management capabilities and system reliability.
Higher system distrust leads to ESG downgrade affecting credit rating .
There is also concern that this may cause disadvantages that raise interest rates.
According to the industry on the 19th , LG Chem (LG화학,एलजीरसायन,ఎల్జీకెమ్)are raising concerns about safety management systems both domestically and internationally.
This afternoon, National, 忠南（Chungnam）, 瑞山市 (Sosanshi) City, 大山邑 (Tesan'upu), 大山(Tesan)
Corporation within the LG Chem fire occurs in the catalytic center.
Workers 1 person killed, 2 while people were burns, was transferred to a nearby hospital.
Catalyst Center , known as the Institute in charge of the role of changing the physical properties of plastic materials.
LG Chem official,
"We are still understanding the cause and scale of the fire."
Revealed.
Prior to leaving 7 days, LG Chem is,
India Andhra Pradesh ( ఆంధ్రప్రదేశ్ , 안드라 프라데시 ) A gas leak in 12 provinces killed in a neighborhood causing an accident.
This Y.S. Jaganmohan Reddy（వై.ఎస్.జగన్మోహన్రెడ్డి,YS자간모한 레디 ） state Prime Minister,
ordered to LG Chem is the local subsidiary, LG Polymers (LG폴리머스,एलजीपॉलिमर,ఎల్జీపాలిమర్స్) India to return 13,000 tons of styrene stock to Korea.
In addition, LG Polymers, India's environment court ( NGT ) of 5 billion rupees (about 81 billion won , seven Oku 0939 yen , 6,608 ten thousand US dollars) was found to have a statutory deposit of.
It is concerned that aseries of personal accidents of LG Chem will negatively affect the ESG evaluation.
In order to activate socially responsible investment, corporate governance officers regularly carry out individual evaluations of corporate environment ( E ), society ( S ), and governance ( G ), and integrated ESG integrated evaluations. To announce.
Rating companies that do not immediately suffer from a low ESG ratingcon sider ESG as a social risk and reflect it in their credit rating assessment.
If the credit rating goes down, the interest rate on funding rises, which quickly means that securing liquidity in the capital market is at a disadvantage.
Industry people,
"There are cases where there is a demerit when we judge that there is a problem in safety system management in the case of multiple accidents", "The investor is increasing ESG bond issuance and ESG evaluation management is insufficient If you do, you may be at a disadvantage in raising money in the market. ''
he explained.
