Recognizing LG Electronics' leadership
in environmental sustainability, Corporate Responsibility Magazine, the leading
voice of corporate responsibility, has named LG Electronics USA President and
CEO William Cho as 2015 Responsible CEO of the Year.
Selected by an independent judging
panel of previous winners and other industry leaders, Cho was singled out for
excellence in environmental impact and sustainability. CR Magazine's judges
considered a number of key metrics including the scope of the CEO's impact on
his organization and community, the extent to which the CEO drove this
initiative, and the individual reputation or professional risk taken by the
CEO.
LG Electronics USA CEO William Cho,
left, is congratulated by Corporate Responsibility Magazine CEO, Elliot Clark,
right, at the Responsible CEO of the Year Award ceremony in New York,
N.Y.,Thursday, October 22, 2015. (Stuart Ramson/AP Images for LG Electronics
USA)
LG Electronics USA CEO William Cho,
left, is congratulated by Corporate Responsibility Magazine CEO, Elliot Clark,
right, at the Responsible CEO of...
LG Electronics USA CEO William Cho,
accepts the CEO of the Year Award, recognizing LG's environmental
sustainability leadership, at the Responsible CEO of the Year Award ceremony in
New York, N.Y.,Thursday, October 22, 2015. (Stuart Ramson/AP Images for LG
Electronics USA)
LG Electronics USA CEO William Cho,
accepts the CEO of the Year Award, recognizing LG's environmental
sustainability leadership, at the...
Under Cho's leadership, LG Electronics
has further increased its commitment to bringing to market innovative ENERGY
STAR® certified products that deliver significant energy savings and lessen the
impact on the world around us, while driving consumer awareness about climate
change and significantly reducing greenhouse gas (GHG) emissions from its U.S.
operations.
"We at CR applaud LG's commitment
to introducing innovative products that are developed with the environment in
mind," said Elliot H. Clark, CEO of SharedXpertise Media LLC, publisher of
CR Magazine and co-founder (with the Corporate Responsibility Association) of
the COMMIT!Forum, recognized worldwide as the leading event for corporate
responsibility practitioners.
"Mr. Cho has taken a leading role
in advancing a corporate culture in which sustainability is treated as a core
business principle. His efforts have been critical in reducing the company's
environmental impact while enhancing the quality of life for consumers,"
Clark said.
In his relatively short time as CEO of
LG Electronics USA (since January 2014), Cho has made a major impact on the
company and the industry. His vision drove LG's efforts to introduce scores of
innovative, energy-efficient products into the U.S. market – including the
launch of the first commercially available heat pump dryer in the U.S. – and
securing LG's recognition as 2015 ENERGY STAR Partner of the Year.
Under Cho's leadership, the company has
implemented a number of key initiatives in support of LG's industry-leading
goal of reducing GHG emissions in its U.S. operations by 50 percent by 2020.
Among his other noteworthy achievements, LG has launched a new design for its
New Jersey-based North American headquarters – with strong support of
conservation groups for the $300 million LEED Platinum green building project.
Equally significant is the CEO's role
in advancing a corporate culture in which sustainability is treated as a core
business principle. In short, LG's environmental management and product
sustainability strategy focuses on energy, resources and human factors:
Improving how LG products use energy –
by enhancing energy efficiency through reduced power and stand-by power
consumption, and reduced CO2 emissions throughout the product lifecycle.
Improving how LG uses natural resources
– by reducing product weight and volume, using more recycled materials, and
designing products for easier recycling.
Improving the human experience – by
phasing out hazardous substances and improving the home environment.
"This recognition, while humbling
to me personally, really reflects LG's progress toward excellence in
environmental sustainability," Cho said. "I am honored to accept on
behalf of the talented team of men and women at LG USA who share my view that
we all have a shared responsibility to protect our planet."
Clark said, "In an era where the
greatest pressure is a quarterly drive to deliver financial results, it is
impressive to have leading CEOs like Mr. Cho striving toward corporate
responsibility. Leaders like these prove that long-term success is comprised of
many measures; great social and environmental practices deliver long term
profitability and performance in many areas."
Cho was honored at CR Magazine's Oct.
22 Responsible CEO of the Year Awards Dinner held at The Roosevelt Hotel in New
York City during the 2015 COMMIT!Forum.
-PR Newswire
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