Yuhan-Kimberly Launches 'Green Impact Contest' to Discover ESG Social Ventures and Startups

2022 Yuhan-Kimberly Green Impact Contest Poster. [Photo by Yuhan-Kimberly]

[Asia Economy Reporter Kwak Minjae] Yuhan-Kimberly announced on the 22nd that it will hold the ‘2022 Yuhan-Kimberly Green Impact Contest’ to discover social ventures and startups that can contribute to solving social and environmental issues.

The recruitment fields include ▲eco-friendly material solutions that replace existing substances ▲solutions that improve and restore the global environment ▲and other creative social and environmental solutions aimed at achieving the SDGs (UN Sustainable Development Goals). Up to five teams of social ventures and startups established less than seven years ago will be selected. Application submissions will be accepted until 3 p.m. on May 22.

Selected social ventures and startups will receive investment from Yuhan-Kimberly’s Green Impact Fund, as well as mentoring opportunities from Yuhan-Kimberly employees related to corporate culture and environmental, social, and governance (ESG) matters. Benefits such as resource linkage and impact monitoring through fund management companies will also be provided.

The Yuhan-Kimberly Green Impact Project targets seed-stage social venture companies in the sustainability sector. Yuhan-Kimberly plans to discover and support about five eco-friendly and social innovation startups annually. Investment returns from startup growth will be reinvested as investment capital.

A Yuhan-Kimberly CSR representative said, “Multilateral collaboration is essential to create good impact for our society and the global environment and to find creative solutions. We hope that social ventures and startups with good ideas and entrepreneurial spirit will expand their capabilities through this contest and lead healthy social and environmental changes together.”

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