Jungjingong Publishes Sustainable Management Report

Practice Together with Small and Medium Ventures
Disclosure of ESG Management Performance

The Small and Medium Business Corporation (SBC) announced on the 19th that it has published the '2023 Sustainable Management Report,' which includes ESG (Environmental, Social, and Governance) management strategies and key achievements over the past year. SBC has been publishing this report annually in compliance with international standards for sustainable management reports such as the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, and the K-ESG standards.

This report covers various ESG management activities and achievements aligned with three strategic goals to realize the ESG vision of "Creating sustainable future value together with small and medium-sized enterprises": ▲ Strengthening an eco-friendly ecosystem through innovation ▲ Fulfilling social responsibilities together with the public ▲ Establishing a transparent management system trusted by the public.

The report also highlights SBC’s efforts to support ESG management for small and medium-sized enterprises, including the ESG public-private joint support group, carbon neutrality level diagnosis, joint response to supply chain due diligence for large and small enterprises, financial support for eco-friendly and green industries, and training of ESG specialists. Notably, it discloses the composition and measurement and diagnosis results of the institution’s unique ‘ESG Index Model,’ developed last year for systematic ESG performance management, ensuring transparency of the institution’s ESG management outcomes and reliability through third-party verification by professional organizations.

Additionally, this year, SBC has newly launched the ‘CBAM Response Infrastructure Project’ to respond to the EU Carbon Border Adjustment Mechanism (CBAM), providing tailored support from carbon emission calculation consulting to verification. It continues to strive to enhance the response capabilities of companies unfamiliar with or struggling with ESG and carbon neutrality, including expanding facility investment support for low-carbon process transition.

Chairman Kang Seok-jin stated, “The publication of this report is an opportunity to transparently and sincerely communicate SBC’s commitment and efforts toward sustainable management with the public and customers.” He added, “Going forward, SBC will continue to comprehensively support ESG management and low-carbon transition tailored to the field’s needs, becoming a stepping stone for sustainable growth of our economy and enterprises.”

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