CEO Message
Greetings to our stakeholders,
CJ ENM has published our
fourth ESG Report, presenting our ESG management activities aimed at creating a
more valuable world through captivating content and brand experiences.
In 2024, CJ ENM continued
to grow and make progress despite mounting challenges. In the face of the
uncertainty caused by global recession, high interest rates, volatile exchange
rates, and rising inflation, we solidified the core competitiveness of our
entertainment and commerce businesses and made remarkable strides in digital
platform capabilities.
The Entertainment Division
showcased our unmatched production capabilities with shows that swept global
charts with their overwhelming popularity, including <Marry My Husband>,
<Queen of Tears>, and <Lovely Runner>. Meanwhile, our OTT platform
TVING has secured its status as the leading platform in the Korean market with
exclusive sports coverage and a rich array of original content.
In addition, <KCON>
has evolved into an unrivaled K-culture platform with a global reach, while
<MAMA AWARDS> became the first K-POP awards show to enter the U.S., the
world’s No.1 music market. Both achievements proved once again that CJ ENM is
at the center of the K-culture phenomenon.
The Commerce Division has
accelerated our One Platform strategy by seamlessly integrating TV, mobile, and
mobile live commerce, evolving into a powerful channel for launching impactful
new products.
Notably, our mobile live
commerce, which is core to the One Platform strategy, was dual-channeled
through a first-ever exclusive collaboration with YouTube. This positioned us
as the leading mobile live commerce provider in South Korea. With the release
of popular mobile live shows like <What Should I Wear Today with Han
Ye-seul>, <Indoor Break with Ahn Jae-hyun>, and <Get It Beauty with
Yoo In-na>, we strengthened our competitive edge as a video commerce
platform that encompasses both mobile and TV.
Most importantly, CJ ENM
embraced our corporate responsibilities in environmental, social, and
governance aspects and remained committed to fostering a sustainable business
ecosystem.
In the environmental (E)
aspect, CJ ENM launched the ECP Initiative in partnership with the Korea
Creative Content Agency. As part of this initiative, we developed
<Eco-friendly Content Production Guidelines> and conducted research on a
<Carbon Emissions Calculator for Broadcasting and Video Content
Production> to promote eco-friendly production practices in Korea's content
industry. We also signed a resource recycling agreement with Sharing Happiness
under the international relief agency, Food for the Hungry International.
Through this partnership, we donated assets and used the proceeds from sales to
create jobs for vulnerable communities while promoting a virtuous cycle of
resources. Furthermore, we enhanced the greenhouse gas(GHG) inventory system
established in 2023 for our subsidiaries, expanding the scope of management and
undergoing third-party verification of GHG emissions to improve transparency
and reliability in our disclosures.
In the social (S) aspect,
we strived to create a Good Impact through our content, products, and services,
helping sustainability values take root in our society. With active stakeholder
participation, we have reinforced our ESG practices by taking part in the
<Supplier ESG Support Program> through Korea Commission for Corporate
Partnership for three consecutive years. We also strengthened our support for
outstanding ESG partners and implemented an enhanced preferential program for
promising small and medium enterprises(SMEs). In recognition of these robust
management frameworks and wide-ranging efforts toward mutual growth with
diverse stakeholders, we have received excellent ratings from both domestic and
global ESG rating agencies.
Under the governance (G)
aspect, both business divisions obtained ISO 37301 certification based on
global-level compliance and ethical management. Additionally, we established
the <CJ Global Supply Chain Ethics Policy> and declared our commitment to
compliance with transnational laws and regulations, positioning ourselves as a
leading and trusted company in our industry. This reflects our ongoing efforts
to embed the value and importance of compliance management throughout the
organization by appointing compliance coordinators within each division and
fostering continuous communication. Furthermore, we improved and continuously
monitored our overall transaction structures and processes, including updates
to the Partner Transaction Management Guidelines and Code of Conduct Pledge, to
help establish honest and fair trade practices across the industry ecosystem.
The year 2025 marks a
significant milestone: 30 years of CJ Group’s journey in the cultural business.
CJ ENM’s spirit of cultural enrichment has been the foundation of K-culture,
with our ONLYONE IP serving as milestones for K-culture. Looking ahead to the
next 30 years, CJ ENM is positioning 2025 as the first year of global
expansion, with the goal of spreading our ONLYONE DNA even more widely across
the world.
CJ ENM will continue to
engage closely with our stakeholders, fulfill our social responsibilities, and
pursue sustainable management that creates both financial performance and
non-financial value simultaneously. We express our sincere gratitude to all
stakeholders for joining us on our journey of sustainable growth toward a more
valuable world.
Thank you.
CEO of CJ ENM,
Yoon, Sang Hyun