Kibo Supports 26 SMEs This Year Through ESG Consulting

The Korea Technology Finance Corporation announced on the 27th that it supported a total of 26 companies through the ‘2024 ESG Consulting Support Project’ to help small and medium-sized venture businesses enhance their ESG (Environmental, Social, and Governance) response capabilities and proactively establish management strategies.

In this support project, Kibo selected participating companies and the entrusted operator, Korea Social Investment, conducted consulting based on the ‘ESG Plus Model.’ This model is a specialized consulting model for small and medium-sized venture businesses, independently developed by Korea Social Investment by comprehensively analyzing domestic and international ESG disclosure standards and ESG investment indicators of startups and venture capital.

For ESG consulting, Kibo’s regional headquarters recommended participating companies and selected them. The process began with the participating companies conducting a self-assessment of their current ESG level, followed by Korea Social Investment carrying out ▲on-site inspections of business locations ▲ESG management evaluations ▲and preparation of comprehensive consulting reports. The 26 companies that participated in the consulting received diagnostic reports presenting an analysis of strengths and weaknesses by area and improvement plans, which they plan to utilize in establishing future management strategies.

Lee Sang-chang, Director of Kibo, stated, “Due to recent strengthening of ESG regulations and changes in supply chain management, it is increasingly necessary to enhance the ESG capabilities of small and medium-sized venture businesses,” adding, “Going forward, Kibo will continue to expand related support systems to strengthen ESG management and sustainable growth of small and medium-sized venture businesses.”