ESG TRINITY CONSULTING CENTER
The ESG Trinity Consulting Center provides help from an advisory group specializing in environment and governance, including environmental engineering (atmosphere, water quality, ocean, policy, etc.) professor, Ph.D. This is an affiliated center established by Risk Freeline Co., Ltd., which has been focusing on risk management for government agencies, public organizations, and over 20 domestic and foreign multinational companies.
The biggest risk for companies around the world is this ESG (Environmental, Social, Governance) risk due to the increase in current and future global risks, investor interest, information disclosure, and regulation. It is also an opportunity.
Management such as ESG risk analysis and evaluation is also based on the know-how and framework of Risk Free Line Co., Ltd., which has supported and advised customer companies’ risk management (ERM) activities, considering ESG risks_cc781905-5cde-3194-bb3b -136bad5cf58d_We want to provide assistance in the entire risk management process, including business status analysis, risk preference definition, and alternative strategy establishment.
Our team identifies ESG risks, evaluates and prioritizes their materiality, implements risk response plans, creates and evaluates portfolios, etc. sustainable development of current and future client companies. We are preparing to participate in the entire process of ESG management and evaluation.
Environmental, social, and governance issues are "now" issues that cannot or should not be postponed any longer, so if you feel free to visit us at any time, we will do our best to support you.
ESG and sustainable development
importance
Corporate stakeholders, including investors, customers, employees as well as government agencies and the international community, are paying more and more attention to sustainable and socially responsible practices, leading to the development of ESG management and strategy. is becoming more important than ever.
The impact of ESG on corporate value will grow further with the strengthening of ESG regulations by the government, the increasing demand for ESG from investors, the reflection of ESG in corporate evaluation, and the increasing demand for ESG from customers.
Value of ESG
ESG adopts the “Triple Bottom Line” concept and recommends focusing on three aspects to improve overall business productivity:
1. Environment
E refers to the impact the company has on the environment. It has to do with how companies use energy and manage their carbon footprint, as well as how they are adapting to contribute to sustainability.
2. Social
S stands for the company's social impact. It summarizes corporate culture, relationships with various stakeholders, and the degree to which inclusivity and diversity are valued. The social aspect mainly comes from the values valued and upheld by companies that guide their decisions and actions.
3. Governance
G stands for Corporate Governance. This aspect reviews the company's internal systems of controls, practices and procedures to ensure effective and responsible decision-making, while ensuring that companies are meeting industry best practices, mitigating violations and providing transparency for communication and liaison with regulators. How to keep it covered.
The main values of ESG are as follows.
1. Topline Growth
The implementation of strong ESG practices has been shown to significantly contribute to increasing corporate investment, revenue and revenue. From an investment perspective, individual and institutional investors are increasingly allocating resources to companies that emphasize sustainable governance and operating practices. A recent Bloomberg report estimated that ESG assets will reach a staggering $53 trillion by 2025, accounting for more than a third of assets under management.
ESG strategies have also proven to significantly increase consumer preference. According to a study conducted by global management consulting firm McKinsey, 70% of consumers surveyed on their purchasing behavior across industries including electronics, buildings, automotive and packaging are willing to pay an extra 5% for a responsibly produced product. replied that there is.
2. Reduce operating costs
Companies that implement effective ESG practices can offset rising operating costs through added efficiencies in the long run. 3M, a multinational conglomerate, is proof of that. The company has publicly stated that it has saved about $2.2 billion since introducing the "Pollution Prevention Payments" program. These savings have come from pollution prevention practices through product innovation, manufacturing process improvements, equipment redesign and reduction of production waste through recycling. 3M is now widely recognized as a leader in integrating ESG strategies.
3. Easing regulatory and legal interventions
Recent research has shown that a competitive ESG strategy can provide greater strategic freedom by reducing the risk of adverse government action against companies. Considering that on average a third of corporate profits are at risk from state intervention, this contribution is undoubtedly significant.
4. Ability to attract and retain top talent
Implementing a strong ESG strategy can give you a competitive edge over other employers. A recent Mercer study found that top-performing employers had significantly higher ESG scores than their peers. Research shows that companies that achieve high employee satisfaction and attractiveness on the Talent Score also have a strong framework to support their approaches to environmental, social and governance-related issues.
The positive impact of a competitive ESG strategy on attracting and retaining talent will grow further with the increase in the MZ generation in the workforce.
service provided
ESG risk identification
- Risk analysis
- Risk importance assessment
- Risk prioritization
Task Force and Committee
Organize and participate
- Considering conditions team and committee
Composition recommendation and participation
- Dedicated team work support
ESG Risk Response
- Risks identified and prioritized
Response Strategy Advice
- Support for areas lacking in existing capabilities
ESG assessment preparation support
- ESG management roadmap and report writing support
- ESG evaluation and review
- Continuous review of risk management system
Main advisory group
CORE ADVISORS
mobile person
Advisory Committee (ENVIRONMENT)
ESG Advisory Committee Chair
Professor, Department of Environmental and Atmospheric Science, Pukyong National University
Jungmo Koo
Senior Advisor (General Manager)
Member of the ESG Advisory Committee
Current Professor at CTBC Business School
former
Professor, Department of Economics, Kangwon National University
President of the Korean Economic Association
Kwanho Jeong
Advisory Committee (Governance Governance)
ESG Advisory Board Member/Secretary
former
Macquarie Securities Compliance Officer
UBS Securities Compliance Director
Korea Exchange Manager
Kim Hwa-seop
RFL Legal Advisor
Member of the ESG Advisory Board (Legal/Regulation Responsible)
Current Law Firm Gongshin Representative Attorney
AINSLEY JONG
RFL Partners. Singapore
Member of the ESG Advisory Committee (CYBER SECURITY/Information Protection)
Former Singapore police officer, head of intellectual property protection team in Singapore, general counterfeiting officer for Chrysler, Diageo Asia-Pacific, investigation and information security expert who worked as a team with RFL for a long time ,
Served as the CEO of Transcorp Holdings, a Singapore-listed company, and now established SA Investment Holdings Pte Ltd, serving as an honorary ambassador for the National Anti-Counterfeiting Committee of the Kingdom of Cambodia, where the CEO of RFL is an honorary advisor.