The Win-Win Growth Committee and TYM Sign First 'Partner ESG Support Project' Agreement with Mid-Sized Company

Comprehensive ESG Support for Partners Including Customized Indicator Development, Training, and Consulting

The Win-Win Growth Committee signed a "Partner ESG Support Project Agreement" with agricultural machinery specialist company TYM on the 29th. From the left in the photo: Dohoon Kim, CEO of TYM Co., Ltd., and Kwon Ki-hong, Chairman of the Win-Win Growth Committee. Photo by Win-Win Growth Committee

[Asia Economy Reporter Kim Heeyoon] The Commission for Shared Growth (Chairman Kwon Ki-hong) announced on the 30th that it has signed a 'Cooperative ESG Support Project Agreement' with TYM, an agricultural machinery specialized company.

This agreement marks the first case of a mid-sized company participating in the 'Cooperative ESG Support Project' promoted by the Commission for Shared Growth.

Through this agreement, TYM will participate in the Cooperative ESG Support Project promoted by the Commission for Shared Growth for two years, contributing a total of 200 million KRW to the Win-Win Cooperation Fund to enhance the ESG response capabilities of small and medium-sized partner companies. The Commission 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.

Additionally, the Commission explained that although TYM is not a company subject to the Shared Growth Index evaluation, it is meaningful in that TYM voluntarily participated in shared growth activities to support the ESG management of its partners.

Small and medium-sized partner companies with excellent compliance rates for ESG evaluation indicators will be issued a 'Certificate of ESG Excellence for Small and Medium Enterprises' under the name of the Commission for Shared Growth. Small and medium-sized partner companies that receive the certificate will be provided with incentives from TYM, such as preferential trading conditions, additional points in regular partner evaluations, support for certification acquisition costs, and priority participation rights in new developments. In addition, loan support and preferential interest rates from Shinhan Bank will also be provided.

Kwon Ki-hong, Chairman of the Commission for Shared Growth, said, “I consider it meaningful that TYM has become the first mid-sized company to sign the Cooperative ESG Support Project agreement,” adding, “As demands for ESG management among companies are increasing, voluntary and proactive win-win cooperation and efforts to spread ESG through shared growth are necessary.”

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