Win-Win Cooperation Foundation to Provide up to 15 Million Won in Support for High Carbon Emission Industry Companies

Recruiting About 20 Companies

Up to 15 Million Won in Support Per Company

The Foundation for Large & Small Business Cooperation and Agriculture & Fisheries (Win-Win Cooperation Foundation) announced on March 16 that, in collaboration with the Korea Environmental Industry & Technology Institute, it is recruiting companies to participate in the "ESG Support Pilot Project for High Carbon Emission Industry Supply Chains." This initiative aims to support the decarbonization of supply chains in high carbon emission sectors and to promote the spread of ESG management practices.

This project was established to help achieve the national greenhouse gas reduction target (NDC) by expanding decarbonization cooperation models based on supply chains involving both large corporations and their partners, and to strengthen the ESG response capabilities of small and medium-sized partner companies.

The ESG Support Project for High Carbon Emission Industry Supply Chains is a comprehensive support initiative (package-type program) that links government funding with the Win-Win Cooperation Fund for Large & Small Business, enabling companies in high carbon emission sectors and their partners to jointly carry out ESG activities.

Eligible applicants include domestic large and mid-sized companies or public institutions in 12 major greenhouse gas emitting industries: steel, petrochemicals, oil refining, cement, semiconductors and displays, automobiles, nonferrous metals, paper and textiles, electrical and electronics, shipbuilding, machinery, and bio. The Win-Win Cooperation Fund must contribute at least 30% of the amount of government funding.

This year, as a pilot program, decarbonization consulting—customized for each company—will be provided to about 20 small and medium-sized partner companies, with support of up to 15 million won per company. In addition, the fund will be used to help introduce and replace eco-friendly process equipment.

Partner companies participating in the project can use customized decarbonization consulting services provided by the Korea Environmental Industry & Technology Institute to: ▲ establish a greenhouse gas emission management system (inventory) at worksites ▲ set mid- to long-term reduction targets and phased implementation roadmaps ▲ identify optimal reduction solutions (items) ▲ and receive support for third-party greenhouse gas verification, thereby building a systematic greenhouse gas management system.

Additionally, through eco-friendly process diagnostics such as resource and energy efficiency improvements and the introduction of renewable energy, companies will receive concrete solutions for actual process improvements.

The Win-Win Cooperation Foundation plans to build an integrated one-stop support system that links customized consulting to the introduction and replacement of eco-friendly process improvement equipment, based on the consulting results.

Companies wishing to participate can apply via email to the ESG Support Division of the Win-Win Cooperation Foundation by April 3.

Secretary-General Byun Taeseop stated, "In the era of carbon neutrality, a company's ESG competitiveness is directly linked to the competitiveness of the entire supply chain," adding, "We hope this project will help expand cooperative decarbonization models where both large companies and their partners practice carbon reduction and ESG management together."

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