Kolon Industries Promotes Sea Forest Project... Strengthening ESG Management

Signed MOU with Korea Fisheries Resources Agency and Environment Foundation

Plans to Transplant Eelgrass, a Marine Plant That Absorbs Carbon

Kolon Industries is further strengthening its environmental, social, and governance (ESG) management by continuing its practical efforts to reduce carbon emissions.

Kolon Industries signed a memorandum of understanding (MOU) on the 14th at the Kolon One&Only Tower in Gangseo-gu, Seoul, to promote the "Ocean Forest Project" in collaboration with the Korea Fisheries Resources Agency and the Environmental Foundation. From left: Kim Jongdeok, Chairman of the Korea Fisheries Resources Agency; Hur Sung, CEO of Kolon Industries; Lee Mikyung, CEO of the Environmental Foundation. Kolon Industries

Kolon Industries announced on April 15 that it had signed a memorandum of understanding (MOU) on April 14 at the Kolon One&Only Tower in Gangseo-gu, Seoul, in collaboration with the Korea Fisheries Resources Agency and the Environment Foundation to promote the "Sea Forest Project."

The Sea Forest Project is a nature-based solution (NbS) initiative aimed at restoring coastal ecosystems and expanding marine carbon sinks by transplanting marine plants. The signing ceremony was attended by Sung Heo, CEO of Kolon Industries, Kim Jongduck, Chairman of the Korea Fisheries Resources Agency, and Mi-kyung Lee, Director of the Environment Foundation, along with other key stakeholders.

Based on this agreement, Kolon Industries plans to transplant eelgrass, a marine plant known for its excellent carbon absorption capacity. The Korea Fisheries Resources Agency has already planted 44,500 eelgrass seedlings to create the sea forest.

A representative from Kolon Industries stated, "This agreement is significant because it brings together businesses, public institutions, and environmental organizations to achieve real carbon absorption and ecosystem restoration. Kolon Industries will continue to strengthen its ESG management through a wide range of biodiversity activities."

Chairman Kim said, "This agreement is a meaningful start toward the shared goal of restoring marine ecosystems and achieving carbon neutrality through collaboration among the private sector, government, and NGOs. We will do our best to create a healthy marine environment and restore fisheries resources through various cooperative projects in the future."

Mi-kyung Lee, Director of the Environment Foundation, also commented, "This project is a meaningful example of corporations, public institutions, and environmental organizations working together for marine environmental conservation and addressing the climate crisis. We hope that expanding nature-based carbon sinks will also contribute to achieving the 2030 Nationally Determined Contributions (NDC) greenhouse gas reduction targets."

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