Jungjinkong and Korea Federation of SMEs Join Hands to Support Carbon Neutrality and ESG Management for SMEs

Business Agreement for Supporting Carbon Neutrality and ESG in Small and Medium Enterprises

At the business agreement ceremony between the Korea SMEs and Startups Agency and the Korea Federation of SMEs held on the morning of the 11th, Kim Hak-do, Chairman of the Korea SMEs and Startups Agency (left), and Kim Ki-moon, Chairman of the Korea Federation of SMEs (center), are posing for a commemorative photo.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 11th that it has signed a business agreement with the Korea Federation of SMEs (Korea Federation of SMEs) to support carbon neutrality and ESG (Environment, Social, Governance) management for small and medium enterprises.

Both parties agreed to strengthen cooperation to enhance the responsiveness of small and medium enterprises to carbon neutrality and ESG and to spread this throughout the industry. It is expected that visible results can be achieved by utilizing the capabilities possessed by SBC, a small and medium enterprise policy execution agency, and the Korea Federation of SMEs, a private economic organization.

SBC and the Korea Federation of SMEs plan to promote collaboration in various fields such as ▲discovering leading cases of carbon neutrality and ESG (fostering leading companies, establishing leading complexes) ▲developing and sharing solutions by industry ▲policy discovery and mutual linkage ▲survey, research, and promotion.

Since early this year, SBC has been conducting carbon neutrality level diagnoses on small and medium enterprises recommended by the Carbon Neutrality and ESG Committee of the Korea Federation of SMEs. Taking this agreement as an opportunity, they plan to expand the scope of collaboration to policy projects such as ESG diagnosis.

In addition, SBC, noting that the methods of practicing carbon neutrality and ESG differ by industry, is analyzing data from diagnosed companies to develop customized solutions by industry. Once development is completed, the plan is to share these with the partner organizations and small and medium enterprises to promote the spread of carbon neutrality and ESG management.

Chairman Kim Hak-do said, "Carbon neutrality and ESG are unavoidable changes in the management environment for small and medium enterprises. This year, SBC conducted carbon neutrality level diagnoses on 18 companies and proposed measures to reduce about 5,607 tons of carbon dioxide," adding, "We hope that strengthening cooperation and coordination between institutions will contribute to realizing government national tasks and providing effective policy support to small and medium enterprises."

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