SEOUL, Mar. 27 (Korea Bizwire) – As the European Union expands its environmental, social, and governance (ESG) regulations on exports, South Korean companies appear to be lagging in their awareness and preparedness, according to a recent survey conducted by the Korea Chamber of Commerce and Industry (KCCI). The survey, conducted with 205 domestic exporting firms, revealed [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Korean companies dedicated nearly 3.5 trillion won to social contributions last year, with a significant focus on supporting vulnerable populations. The Federation of Korean Industries (FKI) recently unveiled its “Social Value Report of Major Companies,” surveying 299 of the top 500 revenue-generating companies in 2022. The total expenditure on [...]
New SPV introduces innovative way to provide funding to environmental commodities markets Amsterdam, Dec. 05, 2023 (Korea Bizwire) – STX Group, a leading environmental markets and climate solutions firm, today announces the launch of a working capital solution, specifically designed for environmental certificates. The launch comes as a response to the increased requirements for companies to [...]
SEOUL, Nov. 30 (Korea Bizwire) – A recent report from the Korea ESG Standards Institute reveals that more than 50 percent of the country’s fashion enterprises are labeled as ‘vulnerable’ when it comes to their environmental, social, and governance (ESG) ratings. The institute, a leading ESG evaluation body in South Korea, graded 11 out of 19 [...]
SEOUL, Sept. 20 (Korea Bizwire) – Greenpeace, a non-governmental environmental organization, said Wednesday it will file a constitutional petition urging the adoption of a system that requires listed companies to disclose information on their response to climate change. The petition, joined by 167 people as petitioners, will be submitted to the Constitutional Court later in [...]
SEOUL, Sept. 11 (Korea Bizwire) — Pulmuone announced on Monday that it’s leading the way in the food industry by bringing in a large 11-ton hydrogen-electric truck to its logistics site. This move is all about practicing good environmental, social, and governance (ESG) management. Pulmuone is now using two of these hydrogen electric trucks to transport [...]
SEOUL, Aug. 17 (Korea Bizwire) — HMM Co. said Thursday it has clinched the top spot in a recent environmental, social and corporate governance (ESG) rating of major shipping firms around the world. South Korea’s No. 1 container shipper said it has obtained a “low” grade of 15.4 points in the rating conducted by Sustainalytics, [...]
SEOUL, March 12 (Korea Bizwire) —Samsung Electronics is taking steps to incorporate environmental, social, and governance (ESG) practices into its upcoming 54th regular shareholders’ meeting. The meeting, scheduled for March 15, will feature efforts to reduce paper usage by replacing mail related to the meeting with electronic announcements. The initiative is expected to save approximately [...]
SHAFFHAUSEN, Switzerland, Feb. 22 (Korea Bizwire) – Acronis, a global leader in cyber protection, today released its 2022 Environmental, Social, and Governance (ESG) Report. The comprehensive report highlights diversity, sustainability, and community development efforts and programs which demonstrate the organization’s commitment to a sustainable future and investment in its people. In 2021, Acronis appointed a dedicated group of employees [...]
NEW YORK, Feb. 14 (Korea Bizwire) — The IEA estimates a quadrupling of the amount of critical minerals required for the energy transition to meet the sustainable development scenario by 2040. The greater our climate ambition – the greater the demand for minerals will be. The renewable energy system is far more mineral intensive than the current [...]