Jungjingong-Doosan, Building a 'Social Safety Net' for SME ESG Risks

Business Agreement to Strengthen ESG and Carbon Neutrality Capabilities for SMEs

The Small and Medium Business Corporation (Chairman Kang Seok-jin, hereinafter referred to as SBC) announced on the 1st that it has signed a 'Business Agreement for Joint Response to ESG Supply Chains of Small and Medium Enterprises' with Doosan (Chairman Park Jung-won, hereinafter referred to as Doosan).

This agreement was prepared to proactively strengthen the ESG (Environmental, Social, and Governance) capabilities of partner small and medium enterprises in response to increasing demands for ESG and carbon neutrality transitions, especially in major global countries.

SBC and Doosan have agreed to join forces to build an ESG ecosystem by providing partner SMEs with ▲free ESG and carbon neutrality diagnosis support ▲follow-up linked support for outstanding partner companies ▲training of ESG and carbon neutrality experts.

Woo Young-hwan, Vice President of the Korea Institute for Advancement of Technology (left), and Park Young-ho, Vice President of Doosan, are posing for a commemorative photo.

SBC will provide ESG and carbon neutrality expert diagnosis tailored to the characteristics of partner companies and link customized consulting based on the diagnosis results. Through this, it will strengthen support not only to enhance the ESG capabilities of SMEs but also to achieve the national greenhouse gas reduction targets early.

Doosan will provide basic education to partner companies to strengthen ESG capabilities based on the diagnosis results. Furthermore, considering each company's industry and production processes, it plans to expand support to improve the production and working environment for employees of partner companies, thereby promoting responsible supply chain management.

Woo Young-hwan, Vice Chairman of SBC, said, "With the implementation of the EU Supply Chain Due Diligence Directive, the impact of supply chain human rights and environmental due diligence will be strengthened even for major domestic conglomerates," adding, "Through this agreement, we will strengthen joint support with large companies to build a social safety net for not only ESG risks of partner SMEs but also human rights and environmental risks."