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DL E&C was awarded ‘the Best Honorary Company in Win-Win Growth Index’
DATE 2023.12.14
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DL E&C was awarded ‘the Best Honorary Company in Shared Growth Index’
Ahn Ji-Hoon, the head of Outsourcing & Procurement Office at DL E&C (right) is receiving ‘the Award for the Best Honorary Company’ from Oh Young-Kyo, the chairman of the Korea Commission for Corporate Partnership (left).
-Obtained the highest rating for 4 consecutive years and was selected as the best honorary company
-The Company will continue to support ‘Shared growth program with partners’ to drive quality innovation
DL E&C announced on the 14th that it has been selected as the best honorary company in the shared growth index at the ‘2023 Korea shared Growth Award’ ceremony held by the Korea Commission for Corporate Partnership on the 12th. The Korea Commission for Corporate Partnership, which hosted the award ceremony, selects companies and organizations and awards them every year, which have contributed to shared growth, in order to raise awareness of shared growth and spread the shared growth culture.
The shared growth index is an indicator that evaluates and quantifies the level of shared growth and efforts among large domestic companies and their partners for the purpose of promoting mutual prosperity. The evaluation results are divided into ‘best’, ‘excellent’, ‘good’, ‘average’ and ‘insufficient’. In this year’s evaluation, DL E&C received the highest grade, ‘excellent’, for 4 consecutive years.
Based on the philosophy that enhancing the competiveness of its partner companies ultimately leads to the highest quality, DL E&C has been dedicated to establishing a culture of shared growth and fair subcontracting transactions. The Company is currently applying 100% of the standard subcontract distributed by the Fair Trade Commission, and has changed the contracting process to the ‘pre-contract, post-guarantee’ method for the first time in the construction industry in order to faithfully fulfill the obligation for delivery in writing.
The Company also provides financial support to its partner companies facing difficulties due to insufficient working funds. DL E&C created a shared cooperation fund worth a total of KRW 100 billion, including the direct win-win growth fund of KRW50 billion provided interest-free and mutual prosperity fund of KRW50 billion with low-interest loans. The Company is also implementing payment conditions that are at the leading level in the construction industry. DL E&C uses the means of payment in cash under the principle of payment in cash. In addition, the Company disburses funds, advancing the payment date of subcontracting price to the 10th of each month at the leading level in the construction industry, ensuring that its partner companies do not face financial difficulties.
DL E&C is operating the industry’s highest level of win-win program for its partner companies in order to strengthen ESG management. DL E&C is operating a ‘co-growth management courses in the construction industry’ for CEOs of its partner companies and supports the smart construction technology to help them improve productivity, while also pushing ahead their waste reduction activities.
An official from DL E&C said, “Based on the philosophy that enhancing the competiveness of our partner companies ultimately leads to the highest quality, we will continue to operate the industry’s top level of win-win program.”
