S-Oil Sponsors Commercialization Funds to 5 Social Enterprises

[Asia Economy Reporter Oh Hyung-gil] S-OIL announced on the 27th that it held a sponsorship fund delivery ceremony for the social enterprise support project with the Yeolmae Nanum Foundation and delivered a sponsorship fund of 150 million KRW.

The sponsorship fund will be used as business commercialization funds, education, and consulting support for five social enterprises in the energy and environmental fields selected through the Yeolmae Nanum Foundation.

The selected social enterprises are 'LAR,' which makes eco-friendly shoes by recycling domestic plastic PET sheets; 'Real Nature Farm,' an agricultural corporation that processes food waste using insects and produces feed for companion dogs; 'Bath Project,' which supplies capsule-type amenities in reusable dispensers to prevent disposable waste; 'Art Impact,' which makes eco-friendly material accessories by recycling waste resources; and 'Sesang-e Eomneun Sesang,' which makes eco-friendly household items by recycling waste resources.

An S-OIL official said, "It is even more meaningful as an ESG (Environmental, Social, and Governance) management activity of a company that supports the creation of social value by fostering innovative businesses necessary to respond to the climate crisis," adding, "We will continuously foster and support social enterprises in the energy and environmental fields and further strengthen ESG management as a company that fulfills corporate social responsibility."

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