SEOUL, June 24 (Korea Bizwire) — In a striking display of corporate soft power, Saudi Aramco, the world’s largest oil producer, is leading a campaign to reduce plastic waste at baseball stadiums in Seoul—an unlikely green initiative from a company synonymous with hydrocarbons. Aramco Korea announced Tuesday that it will expand its reusable container program to [...]
SEOUL, March 27 (Korea Bizwire) — SK Telecom on Thursday unveiled its new ESG vision, “Do the Good AI,” signaling a sweeping integration of artificial intelligence across its environmental, social, and governance (ESG) strategy. The initiative reflects the company’s ambition to drive both technological competitiveness and social responsibility through AI innovation. The initiative is structured around [...]
SEOUL, March 21 (Korea Bizwire) — Seven out of 10 South Koreans are willing to pay more for products from companies that actively pursue environmental, social and government (ESG) management, a local survey showed Friday. In the survey of 3,000 people aged 18 and older conducted by the Federation of Korean Industries (FKI) and Hankook [...]
SEOUL, March 18 (Korea Bizwire) — Only about half of large companies in South Korea operated an environmental, social and governance (ESG) committee last year, reflecting their commitment to sustainable growth, a report showed Tuesday. According to the report by corporate research firm Leaders Index, 194 companies, or 53.7 percent, of 361 companies with available [...]
SEOUL, Jan. 10 (Korea Bizwire) — In 2024, the number of publicly listed companies on South Korea’s main stock exchange voluntarily disclosing sustainability reports rose by nearly 30%, reflecting growing awareness of environmental, social, and governance (ESG) principles. The Korea Exchange reported on January 9 that 204 companies listed on the KOSPI voluntarily released sustainability [...]
DURHAM, N.C., Oct. 17, 2024 (Korea Bizwire) – Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced the release of the company’s inaugural Corporate Social Responsibility report, “Fortrea for Better.” Available for download on Fortrea.com, the report describes Fortrea’s environmental, social and governance (ESG) activities, reported across four distinct sections: Fortrea for Life: Responsible Environmental Practices [...]
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 [...]