KOTRA Supports Corporate ESG Evaluation Response with Ecovadis and KPC

Development of Multiple Support Programs Through Tripartite Agreement

KOTRA signed a memorandum of understanding (MOU) with EcoVadis SAS and the Korea Productivity Center (KPC) in Paris, France on the 13th to support domestic companies in responding to environmental, social, and governance (ESG) evaluations. EcoVadis SAS is an internationally renowned sustainability assessment organization. It provides a representative ESG model used by companies both domestically and internationally.

Going forward, KOTRA will work with KPC to enhance domestic companies' understanding of EcoVadis evaluations and develop various programs to ensure that small and medium-sized enterprises (SMEs) and mid-sized companies do not face difficulties with client ESG assessments during the export process. This includes developing a Korean-language version of the EcoVadis ESG evaluation and creating guidelines that consider Korean regulations and circumstances. Additionally, joint workshops will be held with the partner organizations to improve domestic companies' understanding of ESG evaluations and provide opportunities for exchange.

An Wanki, Chairman of KPC, stated, "With growing interest in supply chain ESG, including the recent European Union (EU) Due Diligence Act, more companies are incorporating ESG into their business relationships. This tripartite agreement will support SMEs and mid-sized companies facing challenges due to ESG, while also serving as a platform for domestic companies and global organizations to interact."

Yoo Jung-yeol, President of KOTRA, explained, "ESG can serve as a stepping stone for our companies to gain various opportunities in product exports and overseas expansion. This agreement will be a valuable opportunity to practically support the strengthening of ESG capabilities for our export companies."

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