Client Connect November 2022

Client Connect

We are pleased to send the November 2022 issue of ERM Korea Client Connect Newsletter.

This newsletter introduces ERM Korea's events, press articles and major reports from SustainAbility Institute which is ERM's primary platform for thought leadership on sustainability.

*This email is sent by BCC to those who have registered for various ERM seminars and newsletters, and those who have exchanged business cards with ERM employees.

Tom Reichert, Global CEO of ERM interview with Korea Economic Daily

ERM Global CEO Tom Reichert, who visited Korea last October and had conversations with major customers, conducted a special interview with Korea Economic Daily.

“The term ESG was recently introduced, but the ESG consulting business has existed since the 1970s. ERM, which has been providing sustainability consulting since its inception, has been waiting for this moment for the world to pay attention to ESG issues for the past 50 years.“

Please check the full message from ERM's global CEO for Korea in the "Korea Economic Daily".

Read full article

ERM Korea supports Shinhan Bank to strengthen human rights management

As part of the project to strengthen Shinhan Bank's human rights management, ERM Korea has worked with the bank to establish a human rights management system including Shinhan Bank's human rights policy, human rights management organization, and human rights violation relief procedures.

Yub Shin, ERM Korea Partner interview with The bell

Yub Shin, a Partner with ERM Korea said:

“As ERM has more than half a century of consulting experience, we have strengths in M&A advice in the area of sustainability.”

Please check the full message from Yub Shin for Korea Market in “The bell”.

Read full article

ERM + UNGC C-Suite Breakfast Dialogue

ERM Korea hosted a C-suite breakfast dialogue with our visiting Global CEO, Tom Reichert, and UNGC Korea under the theme of “Delivering on Sustainability as A Boardroom Agenda” on 21 October. The session was well attended by leading Korean conglomerates and investment organisations across various sectors. The intent of the event was to provoke thoughts and ideas with the diverse viewpoints on how leaders can challenge the ESG and climate actions status quo to accelerate impact.

In the first session Nat Vanitchyangkul, CEO of ERM Asia, gave a speech under the theme of ‘Operationalise Sustainability to Thrive’. He shared ERM’s experience supporting Asian clients in implementing their sustainability strategy and how can we best integrate sustainability strategy into business operations for long-term impact. In the following panel discussion session Tom Reichert, ERM Group CEO and Eonbin Shin, Partner, and Yeon Cheol Yoo, Executive Director of UNGC, shared their perspectives regarding "Leadership in an Era of Sustainability".

Thanks to all participants for your interest and valuable time, and we look forward to inviting you to further insightful events in the future.

Green & Offshore Korea 2022 Exhibition

ERM Korea participated in the 'Green & Offshore Korea 2022' under the British Embassy pavilion held in Busan from October 12 to 14, 2022. ERM Korea was able to connect with more than 100 companies involved in the offshore energy sector and share information and market insights related to the development of wind power projects in South Korea. ERM’s Capital Project Delivery team are helping clients keep capital projects on schedule and on budget by mitigating environmental, safety, and social risks from conception to final investment decision, through operational handover and ongoing management.

For more information, please contact Joseph Park, Capital Project Delivery Principal Consultant: joseph.park@erm.com

Mark

Greenhouse Gas Inventory and Research Center of Korea (GIR) annually has hosted the International Greenhouse Gas Conference (IGC*) since 2010. The conference aims to offer a valuable platform where domestic and international experts may share the most updated knowledge on climate changes. Mark Watson, Country Managing Partner of ERM Korea shared insights on ‘The Evolution of Sustainability Disclosure’. Mark Watson presented history of sustainability, ESG and climate-related disclosure and ESG disclosure requirements in Korea. Please watch Mark Watson's presentation and the full conference recording on the IGC YouTube channel. We hope that this presentation gives insight into sustainability disclosures.

Eonbin

At the 8th PERE Global Investor Forum: Seoul held on September 15th, ERM Korea partner Eonbin Shin joined as a panelist. This forum was an opportunity to understand which private real estate opportunities outbound investors are looking for and the criteria they are adopting to allocate their capital. Eonbin Shin joined in the panel discussion and shared the importance of ESG and sustainability from the perspective of investors.

Mark Watson, Country Managing Partner, spoke at Korea Offshore Wind and Hydrogen Summit 2022, Busan

Mark Watson, Country Managing Partner of ERM Korea gave a speech under the theme of ‘Meeting International Environmental & Social Expectations for Offshore Wind in South Korea’.

Key messages of the speech as follows:

•Offshore wind is vital part of Korea’s energy mix

•Like any development, it presents potential environmental and social risks

•Regulatory assessment alone, will not meet standards expected by international lenders

•Rigorous assessment and science-based management and mitigation can reduce

•environmental risks and impacts

•Rigorous social impact assessment and comprehensive, transparent consultation can underpin management and mitigation of social risks and impact

Watson, Country Managing Partner, spoke at 13th International Greenhouse Gas

Shin, Partner, joined at the 8th PERE Global Investor Forum, Seoul

Natural Climate Solutions and the Voluntary Carbon Market: A Guide for C-suite Executives

A new guide by the SustainAbility Institute by ERM and the Natural Climate Solutions Alliance, Natural Climate Solutions and the Voluntary Carbon Market, provides a comprehensive overview of the opportunities associated with Natural Climate Solutions (NCS) and their numerous socio-economic benefits to local communities and society at large. Staying on the 1.5°C pathway is critical if society is to avoid the worst of climate change. However, value chain decarbonization is not enough. As the journey to net zero requires time and resources while drawing down emissions year over year, yearly emissions remain unabated. The urgency of the climate crisis requires that businesses demonstrate leadership by counterbalancing year on year their annual unabated emissions through the purchase of high quality Natural Climate Solutions carbon emissions reduction and removal credits.

Key points

• Highlighting the role of NCS carbon credits in a corporate net zero journey

• Demonstrating the business case for utilizing NCS carbon credits,

• Emphasizing the importance of investing in quality for nature and for people Read

ERM Korea

At ERM, sustainability is our business. As the largest global pure play sustainability consultancy, ERM partners with the world’s leading organizations, creating innovative solutions to sustainability challenges and unlocking commercial opportunities that meet the needs of today while preserving opportunity for future generations.

ERM’s diverse team of 7,000+ world-class experts in over 170 offices in more than 40 countries supports clients across the breadth of their organizations to operationalize sustainability. Through ERM’s deep technical expertise, clients are well positioned to address their environmental, health, safety, risk, and social issues.

ERM Korea has been supporting clients in Korea since the 1999, establishing offices in Seoul. ERM Korea’s clients include many Korean major conglomerates, international corporations and government agencies. We offer local implementation of ERM’s global skills, as well as expert analysis and advice on the material sustainability and ESG issues faced in today’s business environment.

ERM Korea

12/F, Samhwa Tower, 16, Eulji-ro 5-gil, Jung-Gu, Seoul 04539, Republic of Korea

E-mail: ERM.KoreaConnect@erm.com Website: https://www.erm.com/ Read our Sustainability Report and ERM Foundation Annual Review

© Copyright 2023 by ERM Worldwide Group Limited and/or its affiliates (‘ERM’). All Rights Reserved. No part of this work may be reproduced or transmitted in any form or by any means, without prior written permission of ERM. If you do not wish to receive information from us, please contact us at ERM.KoreaConnect@erm.com.

The business of sustainability