Hanwha Solutions Signs Win-Win Cooperation MOU to Promote ESG Expansion

[Asia Economy Reporter Hwang Yoon-joo] Hanwha Solutions is partnering with a professional evaluation agency to provide small and medium-sized partner companies with ESG (Environmental, Social, and Governance) management evaluation models and financial support. The aim is to contribute to the spread of ESG management in Korea and to establish a culture of mutual growth between large and small-medium enterprises.

Hanwha Solutions announced on the 7th that it signed a Memorandum of Understanding (MOU) with eCredible, a corporate management evaluation agency, to support ESG evaluation tasks for small and medium-sized companies. The signing ceremony was held at Hanwha Building headquarters in Jung-gu, Seoul, with Hanwha Solutions’ Head of Support Division An Mu-yong and eCredible CEO Lee Jin-ok in attendance.

Through this agreement, eCredible will apply its self-developed ESG evaluation model to 24 small and medium-sized partner companies of Hanwha Solutions, checking items such as carbon emissions, safety and health, and accounting transparency. Based on the results, Hanwha Solutions plans to jointly provide ESG education and consulting to the respective companies.

Hanwha Solutions stated, "To minimize the workload on partner companies, eCredible will collect data directly as much as possible and conduct on-site inspections to support ESG management for small and medium-sized companies."

Since 2017, Hanwha Solutions has continuously engaged in win-win cooperation activities to improve the management environment of partner companies, including supporting credit evaluations for about 130 small and medium-sized companies annually and providing consulting support for energy and carbon emission reduction.

This content was produced with the assistance of AI translation services.