Recycling of Waste Electrical and Electronic Equipment... Woori Bank Signs Business Agreement to Promote Resource Circulation

Woori Bank announced on the 3rd that it has signed a “E-Waste Zero, ESG (Environmental, Social, and Governance) Management Practice Business Agreement” with the Korea Environment Corporation and E-Circulation Governance to promote resource circulation.

Through this business agreement, Woori Bank will donate electrical and electronic products that have exceeded their useful life or are scheduled for disposal to the “Modubium, ESG Sharing” resource circulation program operated by E-Circulation Governance, and E-Circulation Governance plans to recycle these products in various fields. The Korea Environment Corporation will actively support various policies to promote the collection and recycling of electrical and electronic products.

Woori Bank plans to be the first bank to donate about 100 automated machines that have exceeded their useful life this year for systematic and efficient collection and recycling of automated machines used at branches nationwide. Since 2022, Woori Bank has been conducting the “Resource Da(itda)” project together with the Korea Climate and Environment Network, an affiliated organization of the Ministry of Environment, which collects office furniture and fixtures that have exceeded their useful life and provides them free of charge to vulnerable groups. With this business agreement, a comprehensive resource circulation system including electrical and electronic products has been established.

Cho Byung-kyu, CEO of Woori Bank, said, “Transitioning to a circular economy society is essential to achieve carbon neutrality and realize sustainable growth,” adding, “Woori Bank will continue to actively contribute to the promotion of resource circulation and further strive to expand eco-friendly finance, taking the lead in practicing the ESG vision of ‘A Better World We Create Through Finance.’”

Woori Bank signed a business agreement on June 1st at its headquarters in Jung-gu, Seoul, with the Korea Environment Corporation and E-Circular Governance to practice 'E-Waste Zero and ESG (Environmental, Social, and Governance) Management.' From left to right: Byeongok Ahn, Chairman of the Korea Environment Corporation; Byungkyu Cho, President of Woori Bank; Deokgi Jeong, Chairman of E-Circular Governance. Photo by Woori Bank

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