Companies and Public Institutions Contributing to Rural Development Receive ESG Practice Certificates
Implementation of the 'Rural ESG Practice Recognition System'
After 1st and 2nd Reviews... Government Awards Also Presented
[Asia Economy Reporter Kim Bo-kyung] The Foundation for Cooperation between Large, Small and Medium Enterprises and Agriculture and Fisheries announced on the 22nd that it will implement the 'Rural ESG Practice Recognition System' targeting companies and public institutions that have contributed to improving the quality of life of farmers and fishermen and the development of rural communities.
The Rural ESG Practice Recognition System is a system that measures and recognizes the activities of companies and public institutions in mutual win-win cooperation and ESG support activities with rural areas and farmers and fishermen, including detailed implementation contents. Its purpose is to promote sustainable development and mutual trust between companies and rural agriculture and fisheries, thereby activating win-win cooperation.
The recognition process is conducted through deliberation based on indicators finalized after collecting opinions from industries and experts, confirming the efforts of participating companies and institutions in win-win cooperation and ESG practice, and operating in a way to promote and spread excellent cases.
When companies and institutions submit application documents, the Review Coordination Committee conducts the first review including document review and on-site inspection, notifies the results to the companies, and provides opportunities for correction and supplementation.
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After the final second review, the recognition of rural ESG practice is confirmed for companies and public institutions that meet a certain level, and recognized companies are awarded a certificate and plaque valid for one year. Outstanding companies will also receive government awards such as commendations from the Ministry of Agriculture, Food and Rural Affairs, the Ministry of Trade, Industry and Energy, and the Ministry of Oceans and Fisheries.
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