Amorepacific Signs Business Agreement with Korea National Arboretum for ESG Management

[Asia Economy Reporter Seungjin Lee] On the 6th, Amorepacific signed a Memorandum of Understanding (MOU) with the Korea National Arboretum Management Office to preserve biodiversity and utilize biological genetic resources.

The Korea National Arboretum Management Office is a specialized institution that operates and manages the National Baekdudaegan Arboretum and the National Sejong Arboretum on consignment. Both parties agreed to strengthen their cooperative relationship to faithfully carry out ESG (Environmental, Social, and Governance) management. They plan to work on various joint research projects to preserve and restore biodiversity. They will share a library for seed acquisition and utilization, and develop commercially viable materials using domestic forest resources. They will also contribute to enhancing the competitiveness of native Korean species by researching propagation and cultivation techniques for rare and endemic plants.

Amorepacific, based on the mission of "making people beautiful, making the world beautiful," has announced five sustainable management promises to accompany customers and society and coexist with nature. This agreement was planned to fulfill the fifth promise: "Investing 10 billion KRW in biodiversity conservation and utilization, and using more than 90% RSPO (Roundtable on Sustainable Palm Oil) certified palm oil by 2023."

Amorepacific has long conducted research to preserve and utilize native species of Korea. They have discovered and developed new varieties of Korean traditional and indigenous species, as well as their unique core ingredients applied in products such as ginseng, green tea, camellia, and Asian seeds. They also restored the endangered white chrysanthemum, which had only been documented in the Donguibogam literature, and utilized it as a cosmetic material. Various activities have been carried out, including researching hundreds of domestic soybean varieties that were previously considered almost useless due to poor taste, and discovering flat soybeans effective for skin beauty.

Park Young-ho, head of Amorepacific Technical Research Center, stated, "We expect the business philosophies of both companies, which value the environment, to create synergy," and added, "Amorepacific will actively lead ESG management by conducting research with the Korea National Arboretum Management Office to make nature and humans healthier and more beautiful."

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