Ministry of Environment and SK Innovation Foster ESG Growth with Eco-Friendly Startups

At the awards ceremony for the 'Environmental Social Business Discovery Contest' jointly held by the Ministry of Environment and SK Innovation on the 25th, the winners are taking a commemorative photo.

[Asia Economy Reporter Park Soyeon] SK Innovation is discovering and focusing support on social enterprises and social ventures in the environmental sector that possess high technology, growth potential, and sustainability. Through this, SK Innovation plans to strengthen ESG (Environmental, Social, and Governance) management related to eco-friendliness not only for itself but for society as a whole.

As a result of the 'Environmental Sector Social Business Discovery Contest' jointly conducted by the Ministry of Environment and SK Innovation, three companies were selected, and an awards ceremony was held on the 25th. The three selected companies received plaques and growth support funds totaling 400 million KRW.

The three final selected companies are ▲ 'Lightroot,' which produces high value-added, high-functionality fabrics by attaching battery separator films from discarded batteries to base fabrics, ▲ 'Airun,' which has technology to treat high-concentration wastewater using an unclogged metal filtering system, and ▲ 'Innoverus,' which developed a separation and collection device equipped with Internet of Things functionality that can collect and wash disposable plastic cups at once.

Im Sugil, Head of Public Relations at SK Innovation, said, "The eco-friendly social value of the companies selected this time is at a very innovative level and can greatly enhance ESG across our entire society. We will actively support these companies by providing SK Innovation’s infrastructure, creating a successful model for solving environmental problems through collaboration among companies, government, and social business enterprises."

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