▷ The Ministry of Environment and the industrial sectors will jointly set policy revision targets to achieve the desired results of environmental policies as well as strengthen the environmental competitiveness of Korean companies.
▷ The representatives of the United Nations Development Programme (UNDP) from the Asia-Pacific Regional Centre will participate as special guests. They will introduce their cooperation projects in the Asian market and support plans that allow Korean companies to advance into the market.
The Ministry of Environment (Minister Cho Myung-rae) and Korea Business Council for Sustainable Development (President Huh Myung-soo) announced that the 10th Corporate Environmental Policy Conference will be held at InterContinental Seoul COEX in Samsung-dong, Seoul on July 1st.
The Corporate Environmental Policy Conference is a representative venue of communication between the Ministry of Environment and industrial sectors. The conference has been held nine times since 2014 in the form of a high-level policy dialogue between the Vice-Minister of Environment and CEOs of renowned companies.
This time, the meeting will be joined by the high-level officers of the Ministry of the Environment, including Vice-Minister Park Chun-kyoo, and executives of around 30 companies, including GS E&C, SK Innovation, and S-OIL.
The Corporate Environmental Policy Conference has been a venue of communication that shares the Ministry of Environment's policy directions and the companies' difficulties in regards to environmental issues; and from now on, the Ministry and the companies involved will also have policy discussions on how to achieve good outcomes from environmental policies.
Therefore, in this conference, the revision plans of environmental policies* will be announced, which are jointly reviewed by the Ministry of Environment and industrial sectors.
* 17 policies in total, including the expansion of the allocation methods of the emission trading scheme business model (BM), a reasonable reduction of the total fine duct emission permit, and the regulations for in-house recycling of the by-products from processes within industrial facilities
In particular, there will be a separate session for the greenhouse gas emission trading scheme to explain its operational directions and hold related discussions, following the strong interest of companies regarding the policy.
Furthermore, the participants will discuss the formation and operation of a task force team, which will share plans on the development of innovative technologies that tackle fine dust as well as help private companies with expertise in each industrial sector participate in the development process.
Meanwhile, the representatives of the United Nations Development Programme (UNDP) Asia-Pacific Regional Centre will participate as a special guest to introduce its cooperation projects in Asian markets and support plans for Korean companies.
Accordingly, they will also discuss measures to use Korean companies' foreign corporate social responsibility (CSR) activities as the opportunities to promote the New Southern Policy.
Finally, there will be an introduction of the International Conference on Sustainable Industrial Innovation, which will be jointly held by the Ministry of Environment and the UNDP on October 25th of this year.
This international conference aims to be a venue of discussions with invited global leaders, including the heads of foreign companies who lead innovation in the sustainability sector, to promote innovation on corporate sustainability.
"In this era where consideration of the environment is a must, we will fortify our partnership with industrial sectors to achieve better outcomes from environmental policies and strengthen the environmental competitiveness of Korean companies," stressed Park Chun-kyoo, Vice Minister of Environment.