Dongbanwi Collaborates with Lotte Chemical to Support ESG for SMEs

Contribution of 150 Million Won to the Win-Win Cooperation Fund

[Asia Economy Reporter Kim Heeyoon] The Win-Win Growth Committee (Win-Win Committee) is partnering with Lotte Chemical to support ESG (Environmental, Social, and Governance) initiatives for small and medium-sized enterprises (SMEs).

The Win-Win Committee announced on the 9th that it has signed an agreement with Lotte Chemical to support ESG projects for partner companies.

Lotte Chemical participated in the 2021 ESG support project for partner companies promoted by the Win-Win Committee, contributing a total of 150 million KRW to the Win-Win Cooperation Fund. This initiative aims to enhance the ESG response capabilities of partner SMEs.

The Win-Win Committee will comprehensively support the development of customized ESG evaluation indicators by industry and company, education and capability diagnosis, on-site inspections (consulting), and evaluations.

The Win-Win Cooperation Fund contributed to support ESG efforts of partner SMEs offers tax benefits such as corporate tax deductions and recognition as designated donations. The Win-Win Committee plans to gradually reflect the ESG support performance of partner companies in the Win-Win Growth Index.

Partner SMEs with excellent compliance rates for ESG evaluation indicators will receive an 'ESG Excellent SME Certificate' issued by the Win-Win Committee. SMEs that receive the certificate can benefit from incentives such as performance-sharing programs, financial support, and welfare benefits operated by Lotte Chemical.