S-Oil Sponsors 70 Million KRW for World Vision Bangladesh Water Supply Project

Promoting ESG Management Combining Carbon Emission Credits and Startup Collaboration
Providing Clean Drinking Water to Over 45,000 Local Residents

Jung Ik Lee, Executive Director of S-Oil (right), and Sang Ho Han, Head of the Sharing Division at World Vision, are posing for a commemorative photo on the 14th at the World Vision headquarters in Yeongdeungpo-gu, Seoul. Photo by S-Oil

[Asia Economy Reporter Choi Seoyoon] S-OIL announced on the 14th that it donated 70 million KRW to the World Vision headquarters in Yeongdeungpo-gu, Seoul, to support a drinking water hygiene project in Bangladesh.

The S-OIL donation will be used to provide water containers to approximately 45,000 residents in the Shakira area of Bangladesh to improve sanitary conditions and to carry out a community-led drinking water hygiene project.

As part of its ESG management, S-OIL invested in Glorientec, a company that builds and manages water purification systems in developing countries, in September 2020.

Since last year, Glorientec has been operating drinking water facilities in the Shakira area of Bangladesh. With this donation from S-OIL, the use of hygienic drinking water by local residents is expected to improve significantly.

Through this, S-OIL aims to enhance the quality of life for residents in Bangladesh and simultaneously secure 13,000 tons of carbon emission credits annually.

An S-OIL official stated, “This donation holds greater significance as part of ESG management that collaborates with startup companies to improve the quality of life for residents in developing countries and create sustainable future value.”

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