KDB Launches 'Supply Chain Low-Carbon Program' to Help Partners Respond to Carbon Regulations

Supporting Large Corporations' Partners
in Responding to Carbon Regulations

On April 21, Korea Development Bank (KDB) announced the launch of its "Supply Chain Low-Carbon Program" to support domestic large corporations' partner companies in responding to carbon regulations, and signed its first agreement with LG Energy Solution Ltd.

As carbon regulations are being strengthened and expanded to include small and medium-sized enterprises (SMEs) and mid-sized companies that are partners of large corporations, KDB explained that it has developed this program to meet the low-carbon needs of partner companies, utilizing its accumulated financial and non-financial products and services.

The program offers a package of services, including financial services such as preferential interest rates on green funds and support for ESG (Environmental, Social, and Governance) bond issuance, as well as non-financial services such as ESG consulting, provision of venture platforms like NextRound, and support for external emission reduction projects in collaboration with specialized institutions.

LG Energy Solution Ltd., which signed the first agreement under this program, is the leading battery manufacturer in Korea, pioneering the next-generation energy market in fields such as automotive batteries and energy storage systems (ESS).

A KDB representative stated, "As the national climate finance bank, we will continue to actively fulfill our role in collaboration with companies to contribute to the government's 2050 carbon neutrality strategy," and added, "We ask for the active interest and participation of large corporations that are considering carbon neutrality across their supply chains."

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