[Pangyo ESG] Naver wins ESG Annual Report Global Competition

    LOS ANGELES, CA, November 01, 2021 /24-7PressRelease/ -- Naver announced on Oct. 5 that its 2020 ESG (Environmental, Social, Governance) Report and Annual Report have been awarded simultaneously at the global competitions ARC Awards and LACP Vision Awards.

With this, Naver was awarded for two consecutive years in the annual report and sustainability report competition from the highest global authority.

With the 2020 ESG Report first published by Naver this year, Naver won the Platinum at the LACP Vision Awards and the grand award in the Specialized Annual Reports category at the ARC Awards. In particular, Naver's ESG report was also selected as the 48th global top at this year's LACP Vision Awards.

The annual report also won the gold medal in both competitions this year. Previously, Naver submitted its annual report to the ARC Awards last year and the LACP Vision Awards in 2019, and won the grand prize and the gold prize, respectively. Last year, it ranked 59th globally at the LACP Vision Awards.

Naver added, "Various contents such as ESG management efforts, financial information, messages from the CEO, and design were faithfully reflected in the ESG report and the annual report, and we were able to win both awards this year."

Park Sang-jin, Naver's CFO, said, "I think this is the result of transparent sharing of the values and philosophy that Naver pursues, and the process of promoting growth with our partners. We will do our best to communicate with various stakeholders for the future direction of the company and grow together."

Pangyo Technovalley is an innovation hub for global companies comparable to the Silicon Valley in the US, Zhongguancun in China, and STATION F in France. It is an Asia tech hub with 1,259 IT, BT, CT, and NT companies that possess innovative products and technologies. Located just south of the metropolitan area, it provides the best environment for Korean companies to do business with great transportation access and infrastructure.

Various high-tech companies are located in Pangyo Technovalley, and it is occupied by 64,000 full-time employees, many in their 20-30s. In terms of industry, the companies are engaged in information technology, contents technology, biotechnology, and nanotechnology.

With the support of innovative companies with global capabilities such as Kakao, Naver, AhnLab, Krafton, NCSoft, Nexon, and Hancom, companies in Pangyo Technovalley recorded 107 trillion won in sales last year. Investment and infrastructure growth in Pangyo is expected to continue, with the Metaverse hub entering Pangyo this year.

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