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Summary

Netmarble announced on the 26th that they have joined the United Nations Global Compact (UNGC) to strengthen their ESG (environment, social, and governance) management and social responsibility that meets global standards. This is in order to fulfill the company's commitment to the world's largest voluntary corporate citizenship initiative and to submit annual implementation reports.

Q&As

What is the United Nations Global Compact?
The United Nations Global Compact is a voluntary initiative for businesses to align their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption.

What is the goal of Netmarble's joining the United Nations Global Compact?
Netmarble's goal for joining the United Nations Global Compact is to strengthen its ESG (Environment, Social, Governance) management and social responsibility in accordance with global standards.

What does Netmarble need to do each year to remain a member of the Initiative?
Netmarble needs to submit an implementation report each year to remain a member of the Initiative.

What are the three components of ESG?
The three components of ESG are Environment, Social, and Governance.

What did Netmarble announce on the 26th of April?
Netmarble announced on the 26th of April that it had joined the United Nations Global Compact.

AI Comments

👍 It is commendable that Netmarble is taking steps to become a more socially responsible corporation by joining the UN Global Compact.

👎 Unfortunately, Netmarble is still far from achieving their sustainability goals and needs to do more to reach their objectives.

AI Discussion

Me: It's about an initiative taken by Netmarble to join the United Nations Global Compact, a voluntary corporate citizenship initiative that requires companies to submit annual reports on progress towards sustainable development goals.

Friend: That sounds like a great initiative. What implications does it have?

Me: Well, it shows that Netmarble is taking the initiative to improve their ESG, or Environmental, Social, and Governance policies. Joining the UNGC also sets a global standard for responsible corporate practices, which could have a positive influence on other companies. It also shows that Netmarble is committed to being socially responsible and is taking concrete steps to achieve sustainable development goals.

Action items

Research the UN Global Compact and its goals to better understand the importance of Netmarble's commitment to ESG and social responsibility.
Explore other companies that have joined the UN Global Compact and learn from their experiences.
Develop a plan to incorporate ESG and social responsibility into your own business practices.

Technical terms

자발적 기업시민 이니셔티브(Initiative): 자발적 기업시민 이니셔티브는 기업이 사회적 책임을 인정하고 그 책임을 충실히 이행하는 것을 목표로 하는 세계적인 이니셔티브입니다.
지속가능발전목표(Sustainable Development Goals): 지속가능발전목표는 세계 전체의 발전을 위해 정해진 17개의 목표로, 기업이 사회적 책임을 인정하고 그 책임을 충실히 이행하는 것을 목표로 합니다.
ESG(환경·사회·지배구조): ESG는 환경, 사회, 지배구조를 나타내는 약어로, 기업의 사회