An ESG management solution that can be utilized by both large and small businesses has been released.
On June 3rd, KEY2MAX announced the launch of the comprehensive ESG platform "KEY2ESG". KEY2MAX is a specialized software development subsidiary of KEY2WAY, the Korean member firm of the global consulting company Cordence.
Kwon Young-sang, CEO of KEY2WAY and KEY2MAX, stated, “The KEY2ESG platform is a solution developed to be customized according to the needs of our clients. Currently, 14 Korean listed companies are participating in the platform enhancement project.” He also mentioned that the KEY2ESG platform provides consultations with global ESG expert consultants to its clients. Additionally, KEY2MAX plans to continuously integrate consulting experiences and best practices into the KEY2ESG platform.
The basic ESG evaluation metrics available on the platform has been organized by expert consultants based on major Korean and international standard indicators. The metrics includes approximately 600 items, enabling coverage of over 80% of both Korean and international ESG evaluations. Moreover, companies can pre-assess their ESG levels through real-time report generation and mock evaluations.
Particularly, KEY2ESG possesses an ESG evaluation module specialized for supply chains, which is already being utilized by major Korean corporations for their suppliers. Additionally, in cases where legal/accounting firm consultation is required for the evaluation process, it can also be used as a supply chain due diligence evaluation support system through a separate expert server. Custom indicators can be applied based on business and supply market specifics, and interim evaluations are also possible. Moreover, the platform provides support functions for managing tasks such as carbon emissions and information disclosure data.
CEO Kwon stated, "The goal of KEY2ESG is to assist companies not only in managing company-wide ESG data but also in achieving advanced ESG management in the long term." He added, "We plan to expand its reach to international markets through the Cordence global network in the future."