Sandan Gong, Recipient of the '2023 Republic of Korea Win-Win Growth Award'

Resolving ESG Challenges for SMEs in Industrial Complexes

Korea Industrial Complex Corporation (President Lee Sang-hoon) announced on the 13th that it received the "Grand Prize in the ESG Support Project Category" at the "2023 Korea Win-Win Growth Awards" in recognition of its efforts for ESG (Environment, Social, Governance) response of tenant companies and sustainable industrial complexes.

The Korea Win-Win Growth Awards, hosted by the Win-Win Growth Committee, is a ceremony that rewards companies, institutions, and contributors who have contributed to spreading a culture of win-win growth between large and small-to-medium enterprises.

Korea Industrial Complex Corporation has been promoting an ESG support project for tenant companies in collaboration with the Win-Win Growth Committee and the Korea Standards Association since 2021, aiming to resolve management risks of industrial complex tenant companies caused by global ESG regulations such as the EU supply chain due diligence and the Carbon Border Adjustment Mechanism.

Kim Byung-oh, Head of Corporate Support Division at Korea Industrial Complex Corporation (left), is taking a commemorative photo after receiving the 'Grand Prize in ESG Support Project' at the 2023 Korea Win-Win Growth Awards ceremony held on the 12th at InterContinental Seoul COEX.

In particular, it developed customized ESG evaluation indicators based on the manufacturing industry, the main industry of the industrial complex, considering industry type, scale, and main products. Based on these evaluation indicators, the corporation diagnoses companies' ESG capabilities, supports solutions to ESG management risks through on-site inspections, and selects excellent ESG companies among beneficiary companies to link them with follow-up support such as export and marketing.

As a result of promoting the project targeting a total of 87 companies from 2021 to the present, the ESG management compliance rate of beneficiary companies improved by an average of 21.0 percentage points. A total of 44 excellent ESG companies were selected among the beneficiary companies, and an additional 16 companies are planned to be selected by the first half of next year. Among the excellent companies, Deoksan Hi-Metal, a tenant company in Ulsan and Mipo National Industrial Complexes, was awarded the Win-Win Growth Grand Prize as a representative exemplary case.

Lee Sang-hoon, President of Korea Industrial Complex Corporation, said, "We will continue to actively support companies so that they can establish ESG management systems in a timely manner and strive to establish an ESG culture within industrial complexes."

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