Kamco Discovers ESG Management Ideas with 60 Young People Nationwide

[Asia Economy Reporter Eunju Lee] On November 17, Korea Asset Management Corporation (KAMCO) held the '2022 ESG Supporters Idea Competition' at the seminar room on the 20th floor of the KAMCO Yangjae Tower.

KAMCO's 'ESG Supporters' is a program designed to provide young people with opportunities to participate in ESG management and to strengthen their capabilities. Sixty young people selected nationwide were organized into 10 teams across five major regions*.

Over the past four months, the ESG Supporters participated in KAMCO's eco-friendly experience programs, ESG expert training, ESG camps, and carried out activities such as producing ESG content and promoting it on social media twice a month.

On this day, KAMCO selected five outstanding ideas from 17 team-submitted ESG ideas that had been discovered and prepared by the ESG Supporters, after judging creativity, effectiveness, and completeness.

The grand prize was awarded to the idea from Team 3 in the Seoul metropolitan area titled 'KAMCO-type Youth Farmer Development Policy Utilizing National Property.' It was highly evaluated for proposing ESG management ideas applicable to KAMCO's business from the perspective of the MZ generation. The grand prize team received a prize of 2 million KRW, two excellence award teams received 1 million KRW each, and two encouragement award teams received 500,000 KRW each, totaling 5 million KRW in prize money.

Jongguk Lee, Head of KAMCO's Management Headquarters, said, "The operation of the ESG Supporters this time was a meaningful opportunity to explore the direction KAMCO's business should take from the perspective of young people," and added, "Going forward, KAMCO will continue to expand communication with various stakeholders, including youth, and take the lead in spreading ESG management."

Meanwhile, since last year, KAMCO has established and operated an ESG Management Committee chaired by the president and a dedicated ESG organization to secure momentum for promoting ESG management.

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