DL Construction Strengthens Partnership Growth Foundation to Practice 'ESG Management'

DL Construction announced on the 3rd that it is conducting a win-win growth program for its partner companies. DL Construction is providing training for employees of partner companies at construction sites.

[Asia Economy Reporter Kim Min-young] DL Construction announced on the 3rd that it is conducting a win-win growth program for its partner companies.

First, through the establishment and announcement of the partner companies' code of conduct last year, it is carrying out management and improvement regarding the human rights of workers and ethical management of partner companies. Through this, it plans to support the protection of human rights and ethical management of partner companies by reflecting compliance with the code of conduct when selecting and evaluating partner companies.

Also, last year, a safety management performance sharing system was implemented for 10 partner companies (16 sites). This program was designed to motivate partner companies in the field of safety and to share the achievements made together with partner companies. This year, the target will be expanded and strengthened to 20 companies.

In addition, DL Construction shortened the payment period for partner companies from the existing 14 days to an industry-leading level of 10 days last year and supports the welfare of partner company executives and employees.

DL Construction plans to launch a new win-win growth program for partner companies this year in addition to the existing programs.

First, it plans to support the strengthening of partner companies' capabilities in ‘ESG (Environmental, Social, and Governance) management.’ For about 30 partner companies, it will provide ▲ESG education support ▲ESG certification (rating evaluation) cost support ▲consulting support from ESG-related institutions to expand understanding and enhance human capabilities related to ESG.

Financial support for partner companies will also be provided simultaneously. For partner companies facing difficulties in raising funds, interest-free direct loans will be provided, and a win-win fund will also be operated. The win-win fund is a system that supports a portion of the interest generated from the deposited funds to the loan interest rates of partner companies. Through the win-win fund, DL Construction supports 1.3% (annual) of the loan interest rate up to a maximum limit of 1 billion KRW per partner company.

Along with this, financial consulting is being provided to partner companies. It manages to assess the financial status of partner companies, identify potential risk factors in advance, and prevent problems from occurring. If improvement of the financial status is necessary afterward, it plans to support financial consulting through credit rating agencies.

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