LGE made an agreement with the Ministry of Employment and Labor and the Ministry of Environment to provide support to social enterprises on environment, which applies commercial strategies to maximize improvements in human and environmental well-being.
To support their cause and establishment, LGE financially supports start-up social enterprises and transfers its management know-how to them. Our focus in this program is on fostering start-up social enterprises with an emphasis on environmental issues to create green jobs.
In 2011, LGE selected ten start-ups and financed their initial investments, while organizing an advisory board and providing consulting on management strategy. As a result, all ten start-ups posted an average annual growth of 109% in revenues and created 19 jobs.
Additionally, LGE is sharing its know-how on HR, organization, performance management through the “Management Training for Social Enterprises”.