The Korea Commission for Corporate Partnership and Korea Electric Power Corporation announced on the 5th that they have signed a memorandum of understanding (MOU) to promote the '2025 ESG (Environment·Social·Governance) support project for partner companies.'
The two entities plan to establish an ESG culture throughout the power industry supply chain and realize collaborative growth with small and medium-sized enterprises through this year's project. Last year, the ESG compliance rate for 20 partner companies supported by Korea Electric Power Corporation rose by 28.1 percentage points from an average of 45.5% to 73.6%, with 12 of those companies obtaining 'ESG Excellent Small and Medium-Sized Enterprise' certificates.
Under this agreement, Korea Electric Power Corporation will contribute grants of 100 million won and carry out customized ESG training for partner companies, onsite audits (consulting), and improvement activities. The goal is to achieve practical management improvements in greenhouse gas emission management, industrial safety and health, and enhancing ESG information disclosure capabilities.
The Korea Commission for Corporate Partnership plans to issue 'ESG Excellent Small and Medium-Sized Enterprise' certificates to corporations with excellent ESG compliance rates and provide support so that those companies can receive various incentives, including financial, export, and technological benefits.
Chairperson Lee Dal-gon stated, 'Through this agreement, we will spread the ESG culture throughout the power industry supply chain and systematically support the enhancement of global competitiveness for small and medium-sized enterprises.'