Hotel Shilla Partners with the Shared Growth Committee to Support ESG for Small and Medium Suppliers

Strengthening ESG Competitiveness of Small and Medium Partners
Contribution to Win-Win Cooperation Fund

Hotel Shilla announced on the 9th that it has signed the '2023 Partner ESG (Environment, Social, Governance) Support Project Agreement' with the Win-Win Growth Committee.

Exterior view of Shilla Duty Free Seoul Branch [Photo by Hotel Shilla].

Through this agreement, Hotel Shilla and the Win-Win Growth Committee plan to support ESG specialized education and certification for excellent companies to assist small and medium-sized enterprises (SMEs) that are interested in ESG but face difficulties in strengthening their capabilities.

Shilla Duty Free, operated by Hotel Shilla, will provide incentives to outstanding ESG partner companies through a contribution of 50 million KRW to the Win-Win Cooperation Fund, while the Win-Win Growth Committee will offer education and consulting based on ESG standard guidelines to small and medium-sized partner companies.

The Win-Win Growth Committee will comprehensively support the development of customized ESG evaluation indicators reflecting industry and company characteristics, ESG education, capability diagnosis, on-site inspection (consulting), and evaluation. Throughout this process, SMEs with excellent compliance rates to ESG evaluation indicators will be issued a 'Certificate of Excellent ESG SME' under the name of the Win-Win Growth Committee.

Meanwhile, Hotel Shilla has declared this year as the inaugural year of ESG management and established an ESG Committee under the board of directors to accelerate ESG activities.

In June, Hotel Shilla published its Sustainability Management Report and newly acquired the ISO 9001 Quality Management System certification in September. It is explained that it has established an integrated certification system for quality, environment, and occupational health and safety management systems with ISO 9001, 14001, and 45001 for the first time in the duty-free industry. In October, it also received an overall ESG grade of A from the Korea Corporate Governance Service (KCGS), achieving A grades in Environment (E), Social (S), and Governance (G).

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