Korea Development Bank announced on the 21st that it has launched a 'Supply Chain Decarbonization Program' to support domestic large corporations and their partner companies in responding to carbon regulations, and has signed its first agreement with LG Energy Solution.
Korea Development Bank has developed a program that can be used to meet the decarbonization needs of partner corporations based on financial and non-financial products and services in response to strengthened policy changes that expand the scope of carbon regulation targets to include small and medium-sized enterprises and mid-sized companies that cooperate with large corporations.
The program provides financial services, such as preferential interest rates for green financing and support for issuing ESG bonds. In addition, it offers non-financial services, including ESG consulting, venture platforms like NextRound, connections with specialized institutions, and support for external reduction projects, packaged together.
Korea Development Bank plans to customize the program for each corporation wishing to sign an agreement and support the decarbonization of small and medium-sized enterprises included in the supply chain of large corporations.