Dongbanwi and Energy Research Institute Sign MOU to Support ESG Management... Incentives for Outstanding SMEs

[Asia Economy Reporter Kim Bo-kyung] The Win-Win Growth Committee signed a business agreement on the 22nd with the Korea Energy Technology Research Institute to promote the spread of ESG (Environmental, Social, and Governance) management among cooperating small and medium-sized enterprises (SMEs).

This agreement was pursued to support ESG management by establishing preferential systems for ESG outstanding SMEs selected by the Win-Win Growth Committee when participating in energy and environmental R&D support projects at the Energy Institute.

Accordingly, the Win-Win Growth Committee will provide incentives such as ▲financial support ▲export support ▲environmental and energy R&D support to SMEs that have received the 'ESG Outstanding SME Certificate.'

Previously, to support the introduction of ESG management in SMEs through financial support, the Win-Win Growth Committee signed preferential loan interest agreements with Shinhan Bank, IBK Industrial Bank, BNK Kyongnam Bank, and KB Kookmin Bank. It also signed an export support business agreement with KOTRA to strengthen the global supply chain competitiveness of SMEs.

The Win-Win Growth Committee stated, "We will identify the necessary incentives to expand ESG management among cooperating SMEs and will expand various additional incentives through consultations with government ministries."

The Energy Institute said, "We plan to advance the industry-academia collaboration ecosystem from a long-term perspective so that SMEs in the energy and environmental sectors can contribute to achieving carbon neutrality at the core of the economy."

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