SEOUL, NOVEMBER 23
InnoCSR, a South Korean social impact company, announced today that it has signed a new agreement with two major brick manufactures in Nepal, Eco Brick and Shiva Sakti Home Decorative, to share the company's eco-friendly soil-based brick making technology.
InnoCSR's sustainable impact technology, with significant reduction in production time, is expected to aid the troubled Nepali brick manufactures who have been facing disruptions in labour supply and global material shortage due to COVID-19.
"By partnering with Eco Brick and Shiva Sakti Home Decorative, we are able to help Nepal's major brick makers increase productivity with fewer workers while cutting greenhouse emissions at the same time," Sam Yoonsuk Lee, CEO and founder of InnoCSR, has been quoted as saying in a media release. "The agreement signifies our continuous expansion in the country since our entry in 2018, and we believe our efforts in introducing impactful technologies will help Nepal both economically and socially."
InnoCSR first introduced its non-fired soil-based brick making technology, Good Bricks System, to Nepal in 2018. The Good Bricks System uses a special soil stabiliser material technology to produce strong, global standard quality bricks. The technology reduces production time by up to 80 per cent, while cutting greenhouse gas emissions as it does not require burning.
Spending two years on feasibility study in Nepal, the Korean company successfully started commercialisation in 2020 with its first partnership with a local company, Gorkha Innotech. InnoCSR has also initiated the Good Bricks Alliance, to which all the global Good Bricks System adopters are invited to be members of.
Since its inception in 2008, InnoCSR has been working with multinational corporations, governments, and global NGOs across Asia, to find and transfer technologies that create positive social, environmental, and financial impact. The advantages InnoCSR offers in terms of cost, labour intensity and the environment, have gained increasing recognition from international organisations and investors.
A version of this article appears in the print on November 24, 2021, of The Himalayan Times.