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Archive by category CSR & ESG Management

Korean Air to Purchase Sustainable Aviation Fuel from Shell

Korean Air to Purchase Sustainable Aviation Fuel from Shell

SEOUL, Sept. 30 (Korea Bizwire) – Korean Air Lines Co. said Friday it has signed a five-year deal with Royal Dutch Shell plc. to purchase sustainable aviation fuel (SAF) from the British firm beginning in 2026 to help combat climate change. SAF is non-conventional aviation fuel derived from alternative raw materials, such as cooking oil [...]

Daewoo Shipbuilding Develops ESG Assessment Indexes

Daewoo Shipbuilding Develops ESG Assessment Indexes

SEOUL, Sept. 22 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed indexes to assess the performance of its ESG management activities for the first time among local shipyards. DSME, a major local shipbuilder, said it has applied the 146 ESG indexes to its Okpo shipyard on Geoje Island, [...]

Hyundai Launches Campaign to Help Small Merchants Explore New Sales Channels Online

Hyundai Launches Campaign to Help Small Merchants Explore New Sales Channels Online

SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Motor Group has formulated a plan to help small merchants that are suffering from the prolonged COVID-19 pandemic as part of its social contribution program ‘Gift Car.’ The group announced on Tuesday that it will launch the ‘Gift Car On Air’ campaign to help small businesses typically accustomed [...]

S. Korean Companies Push for Sustainable Biz amid ESG Investment Hype

S. Korean Companies Push for Sustainable Biz amid ESG Investment Hype

SEOUL, March 10 (Korea Bizwire) — Major South Korean companies across manufacturing industries are accelerating their transition to a greener, more sustainable business as investors are increasingly taking account of environmental, social and governance (ESG) factors. ESG investing focuses on companies that support environmental protection, social justice and ethical management practices. Among the criteria, climate [...]

Samsung Donates US$1 mln to Community Partners in Texas for Winter Storm Relief Efforts

Samsung Donates US$1 mln to Community Partners in Texas for Winter Storm Relief Efforts

SEOUL, March 5 (Korea Bizwire) — Samsung Electronics Co. said Friday it donated US$1 million to community partners in Texas to support their winter storm relief efforts. The South Korean tech giant said its donation will be used to provide food, water, health services and shelters in the U.S. state where severe weather caused big [...]

SK Energy Expands Support for Goyohan Mobility Job Creation Initiative

SK Energy Expands Support for Goyohan Mobility Job Creation Initiative

SEOUL, Aug. 7 (Korea Bizwire) — SK Energy Co., one of the leading oil refiners in South Korea, plans to expand support for Goyohan Mobility, a program designed to create jobs for hearing-impaired people. The company announced on Thursday that it will bear a certain portion of the fuel costs incurred when taxis participating in [...]

Samsung on Track to Expand Didimdol Centers Nationwide

Samsung on Track to Expand Didimdol Centers Nationwide

SEOUL, July 17 (Korea Bizwire) — Samsung Electronics Co., South Korea’s leading tech firm, announced on Thursday that it will expand the coverage of its “Samsung Hope Didimdol (stepping stone)” program nationwide. The program was designed to develop the self-reliance of teenagers who cannot stay in orphanages after reaching 18 years of age. The company [...]

Aramco Offers Coding Programs to Lower-income Students

Aramco Offers Coding Programs to Lower-income Students

SEOUL, July 3 (Korea Bizwire) — Aramco Asia Korea Ltd., a wholly owned subsidiary of Saudi oil giant Aramco, announced Friday it has signed a partnership deal with a foundation to provide coding programs to about 100 lower-income students in its latest social contribution. MIDAM Scholarship Foundation plans to begin a yearlong program later this [...]

Hyundai Motor to Host “2020 Longest Run” Campaign

Hyundai Motor to Host “2020 Longest Run” Campaign

SEOUL, June 17 (Korea Bizwire) — Hyundai Motor Co. announced on Tuesday that it will host the “2020 Longest Run” campaign. This campaign, one of Hyundai Motor’s flagship corporate social responsibility (CSR) programs, is designed to contribute to creating a better world through afforestation. After downloading an exclusive app, participants can make a donation for [...]