"Extinction Risk Response"... Pilot Project for Rural ESG Practice System to Be Introduced

The 32nd Rural and Fishing Village Win-Win Fund Steering Committee Meeting Held
Integration of Rural and Fishing Village ESG Index into Existing System

The Rural-Urban Win-Win Fund Steering Committee held its 32nd meeting and resolved on the operation plan for the Rural-Urban ESG (Environment, Social, Governance) Practice System on the 26th.

The Rural-Urban Win-Win Fund Operating Committee held the "32nd Operating Committee Meeting" on the 25th at the Westin Chosun Seoul in Jung-gu, Seoul, and took a commemorative photo.
[Photo by the Foundation for Cooperation between Large, Medium, Small Enterprises and Agriculture and Fisheries]

The Rural-Urban ESG Practice System is a program that recognizes win-win cooperation and ESG activities between companies, institutions, organizations, and rural areas and farmers. The existing ESG practice recognition system has been enhanced by adding the Rural-Urban ESG Index, and from this year, incentives such as government awards will be strengthened for recognized companies. The evaluation indicators consist of 7 items in the environmental sector, 18 in the social sector, and 8 in the governance sector.

New headquarters planning projects include rural welfare and regional problem-solving projects, fishing village vacant house regeneration, and non-face-to-face medical service Island Doctor projects. Cooperation with the Ministry of Agriculture, Food and Rural Affairs and the Ministry of Oceans and Fisheries will be strengthened to improve the welfare of farmers and fishermen and respond to the crisis of rural area extinction.

The Rural-Urban Win-Win Fund raised 8.98 billion KRW from January to May, an increase of 111.3% compared to the same period last year. In the second half of the year, efforts will focus on expanding fund raising through new projects and encouraging rural-urban ESG activities.

Gwak Su-geun, chairman of the Rural-Urban Win-Win Fund Steering Committee, said, "ESG management is an essential element for sustainable growth of companies," adding, "We will encourage the expansion of companies' rural-urban ESG management activities to rural areas through government participation and increased incentives."

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