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    A090430   KR7090430000

AMOREPACIFIC CORPORATION

(A090430)
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Amorepacific Sets New Sustainability Goals on Palm Oil, Plastics Use

06/02/2021 | 02:40am EST

By Fabiana Negrin Ochoa

Amorepacific Corp. set itself new sustainability goals on Wednesday that tackle its use of palm oil and plastic packaging, key concerns for ESG-minded investors.

The beauty company behind brands like Laneige and innisfree said Wednesday that it will invest 10 billion won ($9 million) in biodiversity conservation and getting at least 90% of the palm oil it uses certified by the Roundtable on Sustainable Palm Oil by 2030.

Amorepacific is a member of RSPO, a nonprofit and certification program that aims to assess the negative impact of palm-oil cultivation on the environment and communities. Palm oil, a common ingredient in beauty and cosmetics products like shampoo or lotion, has a poor environmental reputation as a major contributor to deforestation.

Amorepacific, one of the largest cosmetics companies in the world by revenue, said it aims to reduce its plastics footprint by using recycled or bio-based plastics for 30% of its packaging, and by offering more refillable products and services across its portfolio of more than 20 cosmetics, personal-care and healthcare brands.

It also plans to divert the waste produced at its global production sites away from landfills and reach carbon neutrality by 2030.

The new goals come as South Korean companies double down on sustainability as ESG investing booms and policy pressure builds. The government last year threw its weight behind environmentally friendly growth with a multibillion-dollar "Green New Deal," while the Financial Services Commission this year tightened disclosure rules to require all companies listed on the Kospi index to publish environmental, social and governance data from 2030.

Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com

(END) Dow Jones Newswires

06-02-21 0239ET

Stocks mentioned in the article
ChangeLast1st jan.
AMOREPACIFIC CORPORATION -5.71% 157000 End-of-day quote.-23.79%
AMOREPACIFIC GROUP -4.62% 41250 End-of-day quote.-24.86%
CRUDE PALM OIL -0.17% 1173.25 End-of-day quote.39.04%
DJ INDUSTRIAL -1.86% 34483.72 Delayed Quote.14.80%
KOSPI COMPOSITE INDEX -2.64% 2834.19 Real-time Quote.1.41%
LONDON BRENT OIL -4.41% 70.22 Delayed Quote.46.31%
LUMBER 0.00% 824.5 End-of-day quote.-10.32%
WTI 0.01% 66.982 Delayed Quote.48.10%
All news about AMOREPACIFIC CORPORATION
11/24AMOREPACIFIC : Enters Global MOU for Sustainable Packaging with Eastman
PU
11/24AMOREPACIFIC : Launches Product in Collaboration with BTS
PU
11/24AMOREPACIFIC : Concludes ‘2021 Love the Earth Eco Influencer Course'
PU
11/24AMOREPACIFIC : ‘BeREADY' Donates Equipment for Mountain Rescuers
PU
11/22Amorepacific Introduces Special Collaboration with BTS
CI
11/18AMOREPACIFIC : Wins Mécénat Award 2021
PU
11/12Amorepacific Wins CES Innovation Award for Two Customized Technologies
PU
11/09Amorepacific ‘Pink Run Plus' 2021 has ended
PU
11/08Amorepacific Presents the 7th Next-Generation Researcher Award
PU
11/08Amorepacific Group Attends the 4th China International Import Expo (CIIE)
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More news
Financials
Sales 2021 4 775 B 4,04 B 4,04 B
Net income 2021 270 B 0,23 B 0,23 B
Net cash 2021 934 B 0,79 B 0,79 B
P/E ratio 2021 35,0x
Yield 2021 0,64%
Capitalization 9 756 B 8 219 M 8 253 M
EV / Sales 2021 1,85x
EV / Sales 2022 1,58x
Nbr of Employees -
Free-Float 55,2%
Chart AMOREPACIFIC CORPORATION
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Amorepacific Corporation Technical Analysis Chart | A090430 | KR7090430000 | MarketScreener
Technical analysis trends AMOREPACIFIC CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 157 000,00 KRW
Average target price 238 384,62 KRW
Spread / Average Target 51,8%
EPS Revisions
Managers and Directors
Kyung-Bae Suh Chairman & Co-Chief Executive Officer
Se-Hong Ahn Co-Chief Executive Officer & Director
O-Bin Kwon Managing Director & MD-Finance
Jin-Woo Kim MD & MD-Information Technology Division
Jin-Bong Kim Head-Compliance Support
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