- For the first time in the Korean food industry, Samyang Food Partners seeks shared growth by diagnosing and supporting the current status of ESG (Environmental, social and corporate governance) of its partner companies.
Samyang Foods Co., Ltd. Alongside it’s partner company Ecredible (corporate credit rating agency) has decided to actively support its partners ESG Management.
This commenced on the 20th April 2021 at its headquarters in Hawolgok-dong, Seongbuk-gu.
Samyang Foods Co., Ltd. announced that it has signed the 'Business Agreement for Supporting ESG Management'.
Kim Jung-soo, Chairperson of Samyang Food's ESG committee, Lee Jin-ok, CEO of Ecredible and others attended the signing ceremony.
Based on this agreement, Samyang Foods will work with Ecredible to introduce and implement ESG management by its partners.
The plan is to actively support the project and to conduct an evaluation of the ESG management status of partner companies in the first half of the year.
We will work with our partners to find ways to improve it, and we will expand the scope of support throughout the supply chain in the future.
There is a plan:
"We can grow together by helping our partners actively participate in ESG," said Kim Jung-soo, chairman of ESG.
"I want to create opportunities for our partners to practice ESG management and to create greater socio-economic opportunities.”
"We will try to create value.”
Meanwhile, Samyang Foods established an ESG committee under the board of directors this year, and on the 8th of last month, it was introduced to implement ESG management.
Its focus is on strengthening competitiveness of ESG by holding a joint declaration ceremony between labor and management sectors.