TIPA Launches ESG Management Committee to Strengthen Sustainable Support for SMEs

Lee Jae-hong, Director of TIPA (second from the right), is taking a photo with external members of the ESG Management Committee.
[Photo by TIPA]

[Asia Economy Reporter Kim Jong-hwa] The Korea Technology and Information Promotion Agency for SMEs (TIPA) has established an ESG Management Committee and has actively begun supporting the enhancement of ESG management capabilities for small and medium-sized enterprises (SMEs).

TIPA announced on the 15th that it held the inauguration ceremony of the ESG Management Committee and held its first meeting on the 11th. TIPA established the ESG Management Committee to strengthen the ESG-based management system and to build a performance creation system that the public can feel, thereby fully launching ESG management. The ESG Management Committee will deliberate and decide on the direction and plans of ESG strategies and evaluate the performance of the implementation of the tasks.

At the first ESG Management Committee meeting, the ESG management strategy established internally last month was reviewed. The ESG management strategy system consists of three main directions and ten key tasks across three areas: E (Environmental Management), S (Social Responsibility Management), and G (Governance).

In the environmental sector, strategic tasks include fostering green ventures through support for green R&D; in the social value sector, strengthening the social safety net through proactive support for safety technology R&D and job creation in promising technology fields; and in the governance sector, enhancing innovation capabilities through activation of public communication.

External members of the TIPA ESG Management Committee include Professor Moon Sung-wook of Sogang University, Professor Kim Jae-gu of Myongji University, Professor Lee Hyun of Shinhan University, and Chairperson Cho Hyun-sook of the Codegate Security Forum. They will work alongside internal members until December 31 of next year to review major issues in TIPA’s ESG management system and suggest development directions.

Lee Jae-hong, President of TIPA, stated, "ESG management is a challenging goal for SMEs, which occupy a large part of the domestic industrial ecosystem. Through the establishment of this ESG Management Committee, we will support the enhancement of ESG management capabilities for SMEs, and TIPA will also take the lead in responsible management that realizes social value by fully launching ESG management."

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