Green Loop, an IoT-based smart clothing collection solution company, announced that it has signed a memorandum of understanding (MOU) with Gwanggyo Community Welfare Center to promote a culture of resource recycling in the local community and practice ESG environmental management.
Green Loop is a resource recycling company that collects and analyzes clothing waste data through smart clothing collection boxes (Otary) and service applications (Payot), and converts this data into rewards for participants and social value.
This agreement aims to apply a resource circulation structure beyond simple clothing collection to welfare settings, encompassing clothing collection, data analysis, value conversion, and community contribution. The two organizations plan to jointly develop a resident-participatory ESG practice model that combines technology and welfare.
According to the agreement, Gwanggyo Community Welfare Center will be responsible for public relations and campaign operations based on the participation of local residents, while Green Loop will be responsible for operating smart clothing collection boxes, managing collection data, and developing ESG performance indicators.
The two organizations will jointly promote a clothing donation campaign and environmental awareness initiatives throughout the year to encourage voluntary participation from local residents. The goal is to link the collected clothing with community-based initiatives, establishing a virtuous cycle model for resource recycling.
A Green Roof representative stated, “This agreement is an example of a resource circulation system utilizing smart technology being combined with local welfare,” and added, “We will create an environment where residents can naturally participate in ESG practices in their daily lives.”
Meanwhile, Green Loop is expanding its smart clothing collection ecosystem nationwide in collaboration with Hyundai Department Store, Hyundai Engineering & Construction, and the Korea Federation of Textile Industries, and plans to continue expanding its circular economy model through collaboration with local governments and private companies in the future.
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