Dongbanwi and KEPCO KDN Sign Agreement on 'Partner Company ESG Support Project'

by Kim Chulhyun

Published 21 Jun.2021 10:27(KST)

Comprehensive ESG Support for Partners Including Customized Indicator Development, Training, Competency Assessment, and Consulting

Chairman Kwon Ki-hong (left) is signing an agreement with Kim Jang-hyun, President of KEPCO KDN, and taking a commemorative photo.

[Asia Economy Reporter Kim Cheol-hyun] The Win-Win Growth Committee (Chairman Kwon Ki-hong, hereinafter referred to as the Committee) announced on the 21st that it has signed the '2021 Partner Company ESG Support Project Agreement' with KEPCO KDN.

KEPCO KDN has contributed a total of 100 million KRW to the Win-Win Cooperation Fund to enhance the ESG (Environmental, Social, and Governance) response capabilities of its partner small and medium enterprises, and the Committee will comprehensively support the development of customized ESG evaluation indicators by industry and company, ESG education and capability diagnosis, on-site inspections (consulting), and evaluations.

This agreement is significant as it marks the first participation of a public institution in the 'Partner Company ESG Support Project' promoted by the Committee. KEPCO KDN took its first step in supporting partner companies' wages and welfare by signing the 'Innovation-led Wage Gap Resolution Agreement' with the Committee on the 25th of last month, and through this agreement, it will also support enhancing the ESG response capabilities of partner companies lacking budget and personnel.

The Win-Win Cooperation Fund contributed by KEPCO KDN to support ESG for partner small and medium enterprises is eligible for tax benefits such as corporate tax deductions and recognition as designated donations. The performance of partner company ESG support will be gradually reflected in the public institution's win-win growth evaluation. Additionally, partner small and medium enterprises with excellent compliance rates with ESG evaluation indicators will be issued a 'Certificate of ESG Excellence for Small and Medium Enterprises' under the Committee's name, and plans to provide financial support incentives such as preferential interest rates are also under discussion.

Chairman Kwon Ki-hong of the Committee stated, "In the post-COVID-19 era, corporate social responsibility across all aspects of ESG will inevitably be further emphasized," adding, "We expect public institutions to take a leading role in spreading ESG through this agreement."