Zigbang, First in Proptech Industry to Pursue RE100 and Carbon Neutrality Achievement

"Meeting ESG Management Standards in the Global Market"

Zigbang announced on the 11th that it has declared its commitment to achieving RE100 and carbon neutrality in collaboration with Root Energy, a social enterprise specializing in renewable energy, and will embark on full-scale Environmental, Social, and Governance (ESG) management.

On the 10th, at the 'RE100 Implementation and Carbon Neutrality Solution Business Agreement Ceremony for ESG Management' held at Zigbang's virtual office Soma, An Seong-woo, CEO of Zigbang (left), and Yoon Tae-hwan, CEO of Root Energy, are taking a commemorative photo after signing the business agreement. / Photo by Zigbang

On the 10th, the two companies held the 'Business Agreement Ceremony for RE100 Implementation and Carbon Neutrality Solutions for ESG Management' at Soma, a virtual office developed by Zigbang. Attendees included An Seong-woo, CEO of Zigbang; Kim Jae-eun, CEO of Soma; Yoon Tae-hwan, CEO of Root Energy; Kim Jae-gon, Head of Social Value Strategy at Zigbang; and Kim Seol-ah, Director of Root Energy.

Zigbang became the first in the proptech industry to join the Korean RE100 (K-RE100) and will receive renewable energy supply from Root Energy. Root Energy plans to measure and provide the carbon reduction effects resulting from the use of renewable energy, along with Zigbang’s existing virtual office operations and proptech service offerings.

Through this, Zigbang expects to reduce approximately 26 tons of greenhouse gases annually. This environmental achievement is equivalent to planting 3,187 pine trees, meaning that each Zigbang employee would be planting about eight pine trees per year. Zigbang plans to publish an ESG report reflecting these outcomes.

CEO Yoon Tae-hwan said, "We are pleased to provide customized carbon neutrality solutions to Zigbang, a leader in the domestic real estate platform industry. Root Energy will do its best to offer optimal solutions as a reliable partner in companies’ carbon neutrality and RE100 journeys."

CEO An Seong-woo stated, "As Zigbang’s business areas expand to smart homes and virtual offices, it has become important to meet the ESG management standards required in the global market. We will establish future management policies and corresponding phased goals based on objective performance indicators."