Productivity Headquarters Establishes ESG Committee

Promoting ESG Ecosystem Activation by Strengthening Services for Small and Medium Enterprises and Mid-sized Companies

[Asia Economy Reporter Kim Cheol-hyun] The Korea Productivity Center (Chairman An Wanki, hereinafter KPC) announced on the 15th that it has established an ESG (Environment, Social, Governance) Committee under the board of directors and held its first meeting. To prevent the spread of COVID-19, the meeting was conducted online in a non-face-to-face format.

The ESG Committee is composed of a total of 13 members, including Chairman Lee Jong-jae, CEO of the Public Institution Social Responsibility Research Institute, Vice Chairman Seo Seung-won of the Korea Federation of SMEs, Vice Chairman Ban Won-ik of the Korea Association of Mid-sized Enterprises, Kim Young-hoon, Director of Amazon Web Services, Professor Lee Ji-hwan of KAIST, and Director Lee Dong-seop of the National Pension Service. As a decision-making body within the board, the committee establishes ESG strategies, approves policies, and manages and supervises implementation. It was explained that the committee is composed of outside directors and external experts to ensure independence and expertise.

At the meeting, KPC discussed the direction for promoting ESG strategies. Topics included internal governance establishment and support for building an ecosystem to disseminate and expand ESG domestically. KPC decided to establish its own ESG governance by operating both the ESG Committee and the ESG Management Council in parallel. Additionally, as a public institution, it plans to prepare measures for co-growth with various stakeholders such as employees, partner organizations, and customers to fulfill social responsibilities. Policies to strengthen customer accessibility and support for ESG diagnosis of partner companies will also be prepared.

Externally, KPC will strengthen its role in spreading the ESG ecosystem. It plans to expand advisory, consulting, and educational functions for regions and small and medium-sized enterprises where access to ESG services is relatively difficult. KPC Chairman An Wanki said, "We will strengthen KPC's role and activities to promote and expand ESG," adding, "Along with internalizing ESG management, we will prepare measures to help revitalize the ESG ecosystem, such as expanding ESG services for small and medium-sized enterprises."

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