Jungjingong Holds ESG Management Committee Meeting... ESG Basic Plan for This Year Confirmed

ESG Vision: 'Creating Sustainable Future Value Together with Small and Medium Venture Enterprises'

The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 23rd that it held the first ESG Management Committee meeting of 2023. The ESG Management Committee consists of a total of seven members, including Chairman Kim Hak-do as the chairperson, three internal executives, and four external experts in the fields of ESG (Environment, Social, ·Governance). Established in March last year as SBC's ESG control tower, it plays a key role in major decision-making and advisory functions related to ESG management.

At the committee meeting held for the first time this year, the SBC finalized its ESG strategic framework and basic plan, reflecting the government's 2023 economic policy direction, plans to advance ESG infrastructure, and aligning with the institution's strategic direction.

Presenting "Creating Sustainable Future Value Together with Small and Medium Venture Businesses" as its ESG vision, SBC plans to focus on 12 strategic tasks under three major strategic goals: ▲strengthening an eco-friendly ecosystem through innovation ▲fulfilling social responsibility together with the public ▲establishing a transparent management system trusted by the public.

On the 23rd, Kim Hak-do, Chairman (third from the left), and other members of the Jungjin Gong ESG Management Committee are taking a commemorative photo.

In particular, SBC plans to regularize the issuance of green bonds, which were successfully issued for the first time last November, and use the procured funds to promote green finance by expanding support for low-carbon new industries, commercialization of green technologies, and investment in low-carbon and eco-friendly facilities. Additionally, as a leading institution supporting ESG management for small and medium venture businesses, SBC will strengthen support for responding to global environmental regulations and supply chain due diligence.

Chairman Kim Hak-do stated, "With the recent strengthening of ESG-related regulations in major countries such as the EU and the United States, not only large corporations but also small and medium venture businesses participating in supply chains are facing new challenges and tasks. We will listen carefully to voices from the field and further strengthen customized support so that our companies can grow as key players in the economic structural transformation through ESG management and carbon neutrality transition."