Yuhan-Kimberly Fosters Startups Leading Social and Environmental Issues

Strengthening ESG Management
Establishing a Multilateral Cooperation Model to Address Social and Environmental Issues

Yuhan-Kimberly announced on the 2nd that it will launch the "Green Impact Project" to discover and nurture social ventures. The photo shows a commemorative photo of the multilateral business agreement for the Green Impact Project held at Yuhan-Kimberly headquarters on the 1st. From the left: Jungtae Kim, CEO of MYSC; Dongho Kim, Chairman of the PPL Corporation; Jaeseung Jin, CEO and President of Yuhan-Kimberly. Photo by Yuhan-Kimberly

[Asia Economy Reporter Kim Heeyoon] Yuhan-Kimberly is launching efforts to discover and nurture social ventures that can contribute to solving social and environmental issues.

On the 2nd, Yuhan-Kimberly announced the start of the "Green Impact Project" to discover and nurture social ventures. The project is part of a new form of CSR activities based on an impact investment model, primarily aimed at fostering companies and organizations that target solving social and environmental problems.

Yuhan-Kimberly will provide CSR funds that can be used as investment capital. To strengthen social impact, it plans to collaborate with partners who have extensive experience in nurturing startups and social enterprises. On the 1st, at Yuhan-Kimberly headquarters, a multilateral business agreement was signed with the nonprofit organization PPL (Chairman Kim Dongho) and MYSC (CEO Kim Jungtae) for the "Yuhan-Kimberly Green Impact Project."

The project targets seed-stage social venture companies. Yuhan-Kimberly plans to discover and support about five eco-friendly and social innovation startups annually. Investment returns from the growth of startups will be reinvested as investment capital. Depending on the business item, opportunities for collaboration with the Yuhan-Kimberly Life Innovation Research Institute will also be provided.

Previously, Yuhan-Kimberly has contributed senior job funds for over ten years to address aging population issues and create shared value activities linked to senior businesses. Through this, the company explained that it has achieved results such as △ nurturing 38 small businesses △ creating over 1,000 senior jobs △ training senior care managers.

The head of Yuhan-Kimberly’s CSR said, “Various social issues such as climate change, low birthrate, aging, and polarization are national as well as corporate challenges, so it is important to find strategic solutions from a social impact perspective,” adding, “We hope this multilateral cooperation project will become a new model that contributes to the development of the venture ecosystem as well as solving social and environmental problems.”

Yuhan-Kimberly launched an ESG committee last July to strengthen sustainable management based on achievements in ethical management, environmental management, and social contribution. Although Yuhan-Kimberly, as a non-listed company, is not required to undergo ESG evaluations from the perspective of financial investors, it has identified environmental, social, and governance implementation tasks through self-assessment following the committee’s launch.

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