PARK JIN YOUNG
JYP Entertainment announced on August 3 that it released an ESG report among Korean entertainment companies for the first time.
ESG refers to environmental, social and governance, which are non-financial elements of a company. Although it is an extra-financial performance, the importance is emerging nationally and internationally as a criterion for evaluating the continued growth of companies.
JYP Entertainment will present the first results of ESG management from last year to this year in the form of a report.
According to the report, in the area of the environment, the content of “Entertainment Company’s First RE100 Implementation” and the environmental project “Bernard’s Friend for Friendship” were produced to address the climate crisis.
In the social sphere, he implemented a “personality and skill-based training system” to foster idols, “operate programs to improve the quality of life of executives and employees” and “establish a support system for growth shared with partners“.
In terms of governance structure, diversity in the composition of the Board of Directors has been ensured by increasing the ratio of female directors to 25% and the ratio of external directors to 50%. Transparency has been enhanced by “the new creation of audit, ESG and compensation committees within the board of directors“.
JYP Entertainment‘s Founder and Representative Producer, PARK JIN YOUNG, directly guided ESG’s leadership in the video “2021 JYP ESG Report” posted on the official YouTube channel later that day.
“JYP Entertainment will continue to make and pursue its efforts to create change in people, society and the world by enhancing transparency and fairness in management activities.”,
did he declare. “First of all, I want to say that JYP Entertainment is sincere in all of this.”
JYP Entertainment will continue its ESG activities in the future. Under the theme of “social impact”, the music contest “SONGS THAT CARE” will also be held to discover songs that will spread good influence in society.
A report on JYP Entertainment’s performance and direction of ESG management activities last year can be viewed on the JYP Entertainment website.
Journalist: Shawn
Translator: Shawn
Source: SNS JYP Entertainment
