The Seoul Housing and Communities Corporation (SH) is the first local public enterprise to utilize a cooperative fund to strengthen the ESG management capabilities of its partner small and medium-sized enterprises (SMEs).
On August 25, SH announced that it has signed a memorandum of understanding (MOU) with the Foundation for Cooperation between Large and Small Enterprises and Agriculture to enhance cooperative partnerships and ESG capabilities among its partner SMEs.
This agreement aims to elevate the ESG management capabilities of partner companies based on mutual cooperation between public institutions and SMEs, while also supporting voluntary ESG activities.
Under this agreement, SH will conduct on-site assessments for ten partner SMEs to evaluate their ESG capabilities. Following this, SH plans to establish ESG indicators tailored to each company's characteristics and provide customized consulting, along with proposing mid- to long-term strategies and implementation plans.
The Foundation will issue an 'ESG Excellent SME Certificate' to companies that comply with over 80% of the consulting and long-term implementation plans proposed by SH. Companies that receive this certificate will gain advantages in government project participation and enjoy preferential interest rates.
SH expects this initiative to strengthen the ESG management foundation of partner SMEs and contribute to building a sustainable supply chain between public institutions and their partners.
SH President Hwang Sang-ha stated, “The ESG management capabilities of partner SMEs are directly linked to the establishment of a sustainable supply chain. We will work with relevant agencies to support the ESG activities of our partners and strengthen responsible management across the entire supply chain.”
Meanwhile, SH is recruiting residents and prospective residents for 1,973 public rental housing units in the Segok, Gangil, and Magok districts, with applications starting on August 31.
* This article has been translated by AI.
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