Woori Bank Signs Business Agreement with Korea Productivity Center to Strengthen ESG Management

Kwon Kwang-seok, President of Woori Bank (right), and Ahn Wanki, Chairman of the Korea Productivity Center.

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 11th that it has signed a "Business Agreement to Strengthen ESG Management" with the Korea Productivity Center.

The Korea Productivity Center, established in 1957 to contribute to productivity improvement in the industrial sector, is the only domestic partner company of the major global ESG (Environmental, Social, and Governance) evaluation index DJSI (Dow Jones Sustainability Indices). It has been carrying out ESG-related tasks for major domestic financial institutions and companies, including Woori Financial Group.

Through this agreement, the two organizations will focus on mutual information exchange to strengthen ESG management and leap forward as ESG leading companies, as well as support the introduction and practice of ESG management in small and medium-sized enterprises (SMEs) and jointly promote social contribution projects.

In particular, the two parties agreed to join forces to create an ESG ecosystem by providing practical support such as ▲ESG information, ▲ESG educational opportunities, and ▲ESG evaluation guidelines to SMEs facing difficulties due to lack of personnel, information, and cost burdens.

Kwon Kwang-seok, CEO of Woori Bank, said, "As the importance of ESG management increases day by day, through this agreement, we will actively support the introduction and practice of ESG management in SMEs and fulfill the social responsibility of finance."

Meanwhile, Woori Bank is promoting its membership in the Equator Principles to establish an ESG response management system, and in May, it launched the "Woori ESG Innovation Loan" to expand financial support for excellent ESG management companies.

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