Daegu Bank Begins ESG Management Consulting for Mid-sized Auto Parts Company Dongwon Metal

DGB Daegu Bank (President Hwang Byung-woo) announced on the 13th that, based on its experience and know-how in ESG management in the financial sector, it has conducted ESG management system establishment consulting for local company Dongwon Metal Co., Ltd. and held a project kickoff meeting.

In the capital market, demands for ESG management by investors are strengthening, and an era of high-level ESG management required by key corporate stakeholders such as customers and the government has arrived. DGB Daegu Bank plans to continue consulting on the publication of a sustainability report to activate communication with stakeholders, including capital market disclosures, while establishing an optimized ESG management strategy for Dongwon Metal Co., Ltd. until the end of this year.

Employees are taking a commemorative photo after the project kickoff meeting held on the 12th at the headquarters of Dongwon Metal Co., Ltd. in Gyeongsan.

Dongwon Metal Co., Ltd. (CEO Lee Eun-woo) is a leading mid-sized company in Daegu and Gyeongbuk with sales of 538.6 billion KRW (based on consolidated sales), continuously growing as a global automotive parts specialist. In particular, it is recognized for its technological competitiveness in the global market through excellent technology in eco-friendly automotive parts and active R&D investment in new material development and product modularization.

This consulting project was promoted to actively respond to ESG management trends and prepare for strengthened capital market disclosure standards and global supply chain ESG regulations, as Dongwon Metal Co., Ltd. continues to expand its global market.

In the current management environment where establishing corporate ESG strategies and information disclosure have become essential tasks for sustainable growth rather than options, this consulting holds great significance as the first ESG project jointly promoted by Dongwon Metal Co., Ltd., a leading mid-sized company in the regional automotive parts industry, and DGB Daegu Bank to expand ESG management and coexistence.

Lee Eun-woo, CEO of Dongwon Metal Co., Ltd., emphasized, “In a management environment where supply chain ESG by major automobile manufacturers is gradually strengthening, the indispensable requirement for the sustainable growth of local automotive parts companies lies in establishing an ESG management system,” and added, “We will actively cooperate to ensure that our ESG management system for global market expansion is well established through ESG consulting with DGB Daegu Bank.”

President Hwang Byung-woo said, “At a time when ESG management has become an essential factor for increasing corporate value and sustainable growth, DGB Daegu Bank’s promotion of ESG consulting with Dongwon Metal Co., Ltd. holds great significance for the development of the regional automotive parts industry,” and added, “DGB Daegu Bank plans to expand ESG consulting support projects for automotive parts companies, the main industry of Daegu and Gyeongbuk, in the future.”

DGB Daegu Bank intends to continue consulting projects for local companies struggling to establish ESG management systems, starting with this consulting.

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