On July 5, 2022, Korea Corporate Governance Service(KCGS) held an ESG Rating Committee meeting and downgraded the ESG grades* of 7 companies. The agency carried out rating adjustments based on the added ESG risk identified over the period from April 2022 through June 2022 following the previous rating adjustment for Q2 2022.**
* KCGS’s ESG grades, both individual and integrated, include S, A+, A, B+, B, C, and D.
** For enhanced timeliness of its ESG rating grades, KCGS raised the adjustment frequency from semi-annually to quarterly, effective from 2020. The next rating adjustment is due in October.
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