Lotte Shopping, the retail arm of the Lotte Group, has been incorporated in the 2015 Dow Jones Sustainability Index (DJSI World) for seven years in a row, S&P Dow Jones Indices and RobecoSAM announced on Sept. 10. The company was also chosen as an industry leader for the sixth year. Lotte Shopping is the only retailer chosen as industry leader among domestic companies included in the DJSI World indices.
DJSI World is a global standard for evaluating corporate sustainability performance. It evaluates around 2,500 publicly traded companies against economic, environmental, and social criteria to select the most sustainability-driven companies across all industries. S&P Dow Jones Indices, the U.S. provider of financial market indices, and RobecoSAM, a specialist focusing on sustainable investing, has been conducting the evaluations every year since 1999.
The DJSI family (DJSI World, DJSI Asia Pacific, and DJSI Korea) provides global, regional, and national benchmarks, serving as the main reference for investors making sustainable investments and companies adopting sustainable practices. DJSI World includes the top 10 percent of the 2,500 companies in the S&P Global Broad Market Index. With Lotte Shopping’s seventh inclusion in DJSI World, the company enhances it’s image as a global corporation exercising ethical practices.
In addition, the fact that Lotte Shopping has been selected as an “industry leader” in retailing for six years in a row validates its status as a globally recognized retailer. Industry leaders are the companies that scored highest in sustainability metrics out of each of 24 industries.
Lotte Shopping has incorporated environmental values into its business practices since the company declaration to exercise environment-sensitive management practices in 2004. Since then, the company implemented such a policy by building rooftop ecological parks at its department stores in Ilsan, Nowon, and Centum City.
Lotte Shopping has addressed diverse social problems. It launched a childbirth promotional campaign to grapple with the low birthrate. In 2014, Lotte Shopping ran a bus ride for patients in a marginalized community. Lotte Shopping also actively promotes global CSR in accordance with its status as a global retailer. Lotte Shopping built Lotte schools in Vietnam and the Lotte Dream Center in Ethiopia, as well.
Lee Won-jun, CEO of Lotte Shopping, said, “We will continue on our way to becoming the world’s leading retail company by pursuing environmental and social sustainability.”