UL and SK ecoplant, which focuses on digitally-based sustainable manufacturing and recycling have entered into a Memorandum of Understanding (MoU), signed during a March 22 ceremony at SK ecoplant’s offices in Seoul.
The companies plan to work together to help organizations drive efforts to meet key environmental, social and corporate governance (ESG) goals.
These goals include cutting waste to landfill and environmental stewardship reporting.
“A circular economy is a resilient system that is good for business, people and the environment,” said Yun Chung, regional managing director for UL Korea. “We are excited about our collaboration with SK ecoplant and how we are joining together to help companies realize their ESG goals.”
According to the terms of the MoU, SK ecoplant will collect and analyze data through a digital platform.
This analysis will include UL 2799 Zero Waste to Landfill parameters “that will guide companies to advance their efforts to divert all waste from landfill disposal,” UL said in a press release.
The information generated by SK ecoplant “will also help companies better understand their progress in meeting circular economy goals, which includes eliminating waste and pollution and circulating products and materials while contributing to regenerating nature,” UL said.
Kim Byung-kwon, managing director of SK ecoplant, said: “The collaboration between SK ecoplant and UL will help the environmental services industry meet circular economy ambitions throughout the world."