On the 5th, Yuhan-Kimberly announced the launch of the "2024 Yuhan-Kimberly Green Impact Project & Competition," a corporate social responsibility initiative aimed at discovering, nurturing, and investing in social ventures and startups contributing to solving social and environmental issues.

The main targets for recruitment are social ventures and startups with innovative solutions for eco-friendly material substitutes, solutions for improving and restoring the global environment, and other creative social and environmental solutions aligned with the United Nations Sustainable Development Goals (UN SDGs), founded less than seven years ago. Proposal submissions will be accepted until 3 p.m. on the 13th.

The project is conducted in collaboration with fund operator MYSC and Better World. Selected companies will be prioritized for discussions regarding investment from the Green Impact Fund. They will explore collaboration opportunities through open innovation events with Yuhan-Kimberly's Life Innovation Research Institute and other employees, and benefit from resource matching and impact monitoring through MYSC's network. The revenue generated will be reinvested as investment capital.

Over the past three years, Yuhan-Kimberly has invested in ten companies to address environmental issues and enhance social sustainability. Among them are Cosmos Lab, manufacturing next-generation non-flammable and eco-friendly battery cells, REVATION, providing solutions for the development of eco-friendly packaging products, and InbeLab, which uses indigenous seeds to eradicate invasive plants through seed bombs.

The CSR manager at Yuhan-Kimberly stated, "The Green Impact Project plans to continue various activities and support, including open innovation, to promote multisectoral solidarity and contribute not only to the sustainability of society but also to the development of the startup ecosystem."

Yuhan-Kimberly's corporate vision and management goals are based on values such as social responsibility, ESG management, and sustainability. Through the "Our River, Green Campaign," celebrating its 40th anniversary this year, they have planted over 57 million trees domestically and internationally.

Original Article Link 

https://www.newsis.com/view/?id=NISX20240503_0002722752&cID=13001&pID=13000