Dongbanwi and Lotte Hi-Mart Join Hands to Support ESG for Partner Companies
Lotte Hi-Mart Contributes 100 Million KRW to Win-Win Cooperation Fund
The Win-Win Growth Committee announced on the 24th that it has signed the '2021 Partner Company Environmental, Social, and Governance (ESG) Support Project Agreement' with Lotte Hi-Mart. The photo shows Hwang Young-geun, CEO of Lotte Hi-Mart, and Kwon Ki-hong, Chairman of the Win-Win Growth Committee. Photo by Win-Win Growth Committee
View original image[Asia Economy Reporter Kim Heeyoon] The Win-Win Growth Committee announced on the 24th that it has signed the '2021 Partner Company Environment, Social, and Governance (ESG) Support Project Agreement' with Lotte Hi-Mart.
Through this agreement, Lotte Hi-Mart will contribute 100 million KRW to the Win-Win Cooperation Fund to enhance the ESG response capabilities of its partner small and medium-sized enterprises (SMEs). The Win-Win Growth Committee will comprehensively support the development of customized ESG evaluation indicators by industry and company, ESG education and capability diagnosis, on-site inspections (consulting), and evaluations.
Notably, this agreement marks the first participation of a major distribution company in the 'Partner Company ESG Support Project' promoted by the Win-Win Growth Committee.
The Win-Win Cooperation Fund contributed to support the ESG efforts of partner SMEs is eligible for tax benefits such as corporate tax deductions and recognition as designated donations. The Committee plans to gradually reflect the ESG support performance of partner companies in the Win-Win Growth Index in the future.
Partner SMEs with excellent compliance rates for ESG evaluation indicators will be issued an 'ESG Excellent SME Certificate' under the name of the Win-Win Growth Committee. SMEs receiving the certificate will be provided with incentives such as preferential interest rates on funds operated by Lotte Hi-Mart, support for market development programs, and additional points during regular partner evaluations.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Kwon Ki-hong, Chairman of the Win-Win Growth Committee, stated, "As demands for ESG management among companies continue to grow, voluntary and proactive win-win cooperation and efforts to spread ESG through mutual growth are necessary. We hope that this agreement will lead to the expansion of support for partner companies' ESG management not only in the distribution industry but also across various sectors."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
