CSR System

To better respond to ESG management trends and in order to promote CSR activities by leveraging our business expertise, LFC established new CSR vision as a “Good partner making a sustainable future” at the end of 2020 and announced the related promotional strategies. We are carrying out systematic social contribution activities through customized support programs for each of the following five key areas – children/youth and women; local community; local environment; alignment with the chemical industry; and collaboration with LOTTE Group and other related organizations.

CSR Strategy
  • FINE Dream
    • Book donation | To improve children’s reading environment and contribute to revitalizing the reading culture, we have donated 9,623 books (worth about KRW 94 million) to elementary/middle schools, local children’s centers, community care centers, and social welfare institutions in Ulsan since 2017. We have also held book concerts aimed at encouraging children to read more books. The donated books include basic chemistry books, which we believe are instrumental in motivating children to increase their interest and understanding of chemistry in their daily lives, as well as books requested by teachers, students, and parents, such as learning collections and books on the humanities.
    • Happy Love House activities | To ensure that children live in a cleaner and safer space, LFC’s volunteer group has joined hands with the MICOS Children’s Center in Ulsan, where its business site is located, to select one low-income family every year and improve its living environment through such activities as providing new furniture and replacing old wallpaper and broken fixtures. In 2021, the volunteer group refurbished the house of two young brothers, being raised by their grandparents, who wanted to become a creator and a police officer. LFC will continue providing support so that children can dream of a hope-filled future in their safe homes.
    • Sponsorship for Ulsan Swings | LFC continues to support “Ulsan Swings”, a multicultural little league baseball club established in 2014 in partnership with the Ulsan Nam-gu Social Welfare Center and Ulsan Nambu Police Station as part of its efforts to help children from multicultural families plan for a future full of hopes and dreams. In 2021, we provided them with an opportunity to improve their sportsmanship and train mind and body through theoretical education, basic sports training, basic physical training, and team building games by sponsoring a series of baseball classes. As a special event, we arranged for two Swings players to throw the first pitch and hit the first ball, respectively, presenting unforgettable memories to children whose dream is to become baseball players.
    • Supply of COVID-19 self-diagnosis kits to local children’s centers | At the end of March 2022, we supplied COVID-19 self-diagnosis kits to 11 children’s centers in Nam-gu, Ulsan to help reduce the difficulties of local children’s centers suffering from the growing demand for the kits due to the rapid spread of the Omicron variant.
  • FINE Society
    • Improving fire safety in local communities | LFC selected the “enhancement of local community safety” as a priority social contribution initiative for 2021 and carried out various activities in cooperation with firefighting agencies located near its business sites. In order to support firefighters who work hard to keep their local communities safe, we collaborated with the Retired Korean Firefighters Association in launching a new project called the “Firefighters and Fire Agencies Sponsorship Project”. As our first support measure, in November 2021 we supplied KRW 10 million worth of items, such as fire-fighting helmets and safety shoe dryers, to the Ulsan Nambu Fire Station which has jurisdiction over our Ulsan Complex to help improve the health and safety environment of firefighters. We have also set up a fund to support firefighters who are killed or injured while on duty and their families. In September 2021, we joined forces with the Incheon Industrial Complex Fire Station to supply fire extinguishers and install fire alarms for 185 low-income fire-vulnerable households in Namdong-gu, Incheon, contributing to preventing fire accidents in the local community.
    • Holiday and year-end hope sharing activities | LFC carries out annual hope-sharing activities in the communities surrounding its business sites in Ulsan and Incheon on New Year’s Day, Chuseok (harvest festival), and at the end of the year. In 2021, we were not able to hold a holiday event due to the COVID-19 pandemic, but we delivered holiday items (New Year’s Day food kits, cold weather supplies, etc.) to six organizations. At the end of the year, we participated in the “Santa Expedition Program” hosted by ChildFund Korea and the “Heart Temperature 37°C Campaign” hosted by LOTTE Group, providing Christmas gifts to children from low-income families and paying those families’ heating bills.
    • Dietary support for low-income people with disabilities | Since 2016, LFC, in cooperation with the Ulsan 2nd Disabled Gymnasium, has held an annual ginseng chicken soup sharing event for people with disabilities to help them combat the hot summer. Because of the difficulties of holding such an event due to COVID-19, we have been supporting them through non-face-to-face channels since 2020. In 2021, to help them spend a healthier summer, we provided them with 330 sets of summer household necessities (worth KRW 4 million), including insect repellent, natural ointment, and natural soap.
  • FINE Eco
    • Urban Box Farming Campaign | Launched in 2010, the Urban Box Farming Campaign is our signature eco-friendly CSR activity through which we have delivered over 40,000 saplings and seedlings to local citizens over the past 12 years. In 2021, we delivered 8,420 orange trees, which are known for their air-purifying properties, to fifteen elementary schools in Ulsan. LFC will continue to promote the box farming campaign together with local citizens and take the lead in creating a “green Ulsan”.
    • Incheon Coastal Clean-up Volunteer Activities | LFC carries out coastal clean-up activities in Incheon as part of its efforts to promote the sustainable preservation of marine resources. In 2021, as in 2020, we joined forces with the Incheon Port Authority to carry out environmental clean-up activities at Incheon New Port Bridge and the surrounding wetlands. Going forward, we will contribute to improving the marine environment by establishing more active cooperative relationships, such as promoting the signing of MOUs with related organizations such as the Incheon Port Authority and the Incheon Regional Office of Oceans and Fisheries.
    • Eco-friendly HANDS ON Activities | Since 2015, LFC’s Charlotte Volunteers have been conducting “HANDS ON” volunteer activities in which they make and donate items during their spare time. In 2021, they set eco-friendliness as the theme of their hands-on activities, and accordingly made 300 eco-friendly foot mats using socks that were discarded by factories during the manufacturing process and delivered them to low-income senior families. In addition, they made 300 pop-up books with their family over a month, and donated them to local children. Designed to encourage readers to practice an eco-friendly life style by reducing carbon emissions in their daily life and commit themselves to protecting the health of the earth, these pop-up books helped local children to internalize the importance of eco-friendliness.
  • FINE Chemi
    • In-kind Donation of Urea Solution to Rural Areas | As part of CSR activities, we conduct by leveraging our business capabilities, we have partnered with the Korea Foundation for Cooperation between Large & Small Businesses, Rural Affairs to donate EUROXⓇ, LFC’s urea solution, to rural areas. In 2020, we donated about 40,000 liters of EUROXⓇ to Gyeongbuk and Jeonbuk provinces, which was followed by the donation of 54,600 liters of EUROXⓇ to 135 health centers and agricultural machine rental offices in Gyeongbuk and Jeonnam in 2021. The donated solution was used by quarantine vehicles and ambulances to prevent the spread of COVID-19 and to help residents in rural areas who were experiencing difficulties due to the shortage of laborers during the busy farming season.
    • Support for Chemistry Majors at UNIST | To contribute to fostering future talents in the chemical industry and support the dreams of students from disadvantaged households, LFC has joined hands with the Ulsan National Institute of Science and Technology (UNIST) to continuously support students majoring in chemical engineering. In 2021, we provided books and living expenses to 20 low-income chemical engineering students. As a new program, we held an awards ceremony for researchers who contributed notable papers related to eco-friendliness and new materials to major scientific journals at home and abroad in a bid to promote eco-friendly research in Korea.
    • Sponsorship of Children’s Chemistry Class | In March 2021, LFC participated as a sponsor in the national elementary school children’s chemistry classroom program hosted by Korea RC (Responsible Care) and co-sponsored by the Ministry of Trade, Industry and Energy, local education offices, and chemical companies. Through a non-face-to-face event designed for an online reporter group due to the spread of COVID-19, we created an environment in which participating children could learn about and discuss chemistry on their own, and encouraged them to increase their interest in chemistry and develop into outstanding chemists.
  • FINE Synergy
    • FINE-Package in partnership with LOTTE Medical Foundation | In 2021, LFC launched “FINE-Package” as a cooperative project with Bobath Memorial Hospital and Bobath Children’s Hospital under the LOTTE Medical Foundation. The project consists of two programs – Mom’s Happiness FINE Trip and FINE-Care. The former aims to increase the effectiveness of rehabilitation treatment by offering a break from treatment consisting of a travel-related package to families of children with few travel opportunities due to intractable disabilities. The latter is designed to strengthen family bonds by providing hospice care support for terminal cancer patients from low-income families. In 2021, we offered travel opportunities to the families of 15 children and provided care and treatment expenses to 11 terminally ill cancer patients.
    • LOTTE Group’s Chemical Unit’s Firefighter Family Cultural Event | LFC and other Group affiliates of LOTTE Group’s Chemical Unit have been cooperating with the LOTTE Foundation for Arts and the Retired Korean Firefighters Association to sponsor cultural and artistic performances for the families of firefighters since 2019. In 2021, we resumed the performance viewing event – which was not held in 2020 due to the spread of COVID-19 – under strict quarantine rules, and presented sand art event that tells the stories of excellent firefighters and a pipe organ performance, a symbol of the LOTTE Concert Hall, to the families of 300 incumbent firefighters as well as those of firefighters who died on duty.
    • Support for LOTTE Foundation for Arts | In order to promote the domestic culture and arts industry and to participate in the social value creation activities of LOTTE Group, LFC has supported LOTTE Foundation for Arts since 2018. In 2021, we donated a total of KRW 1 billion to support the expansion of opportunities for citizens to enjoy culture through art exhibitions, world-class classical music performances, and diverse forms of contemporary art. We also supported programs designed to provide performance opportunities to up-and-coming artists who lacked a venue due to the COVID-19 pandemic. For its support of culture and arts, LFC was designated as an outstanding company in “Outstanding Culture and Arts Sponsorship Organization Certification System” hosted by the Ministry of Culture, Sports and Tourism in 2020 and 2021.
    • Support for the Korea Ski Association | In order to improve the poor environment for domestic snow sports and to support the growth of future hopefuls, LFC has continued to donate funds to the Korea Ski Association together with other Group affiliates. Korea’s snow sports have continued to grow since the country won its first medal in the snowboarding event at the PyeongChang 2018 Winter Olympic Games, producing winners at the 2021-22 FIS Alpine Ski World Cup. LFC will continue to support the growth and development of athletes in less popular sports in Korea in cooperation with other affiliates of LOTTE Group.