| FILA Holdings CEO Yoon Keun-chang |
Fila Holdings was newly included last month in the 2022 Standard & Poor’s Dow Jones Sustainability World Indices (DJSI) Korea ― a key benchmark for companies’ environmental, social and corporate governance (ESG) management, the company said Tuesday.
DJSI is a family of evaluations published by international financial information agency S&P Global, tracking the world’s leading companies based on their sustainability management and financial performance.
“It is very meaningful that Fila Group’s sincere sustainability management has received good reviews from domestic and foreign evaluation agencies along with the honor of a domestic fashion ‘first,'” Fila Holdings spokesperson Jamie Jeong said. “We will be reborn as a leading sustainability management company committed to economic performance and social responsibility worldwide under our five-year global strategy of ‘Winning Together.'”
Launched in 1999, the annually announced DJSI has become an eagerly awaited influencer of public confidence around the world. Last year, 52 out of 205 Korean companies subject to evaluation were included in the DJSI Korea. Joining this top 25.4 percent group, Fila Holdings was among 13 companies to make its debut in DJSI Korea.
Fila Holdings is also the first Korean fashion company to be included in DJSI Korea.
It received high scores for the ESG performance of several of its sustainability management activities in 2022. These activities were conducted under its five sustainability management strategies of product circularity, climate action, caring for people, supply chain transparency and business commitment.
On the environmental front, Fila Holdings is focusing on steadily expanding the proportion of sustainable products across categories such as shoes and clothing.
The company is tackling the social aspect by establishing a partner management and supervision system for responsible and transparent supply chain management while also responding promptly and actively to global supply chain regulations and trends.
Moreover, it is enhancing shareholder value and setting up a healthy governance structure through shareholder-friendly policies, including its first-ever special dividend.