Environmental, social and governance (ESG) has become one of the key issues in corporate management, investors, and companies, and ESG ratings have also become priorities for leading securities regulators and stock exchanges to evaluate companies. As of December 2021, United Nations-backed Principles for Responsible Investment (UN PRI) reported that there are 4,683 signatories with assets under management amounting to $121.3 trillion (UN PRI 2021 October – December Quarterly Signatory Update).
Morningstar reported that capital flows into ESG funds continue to increase with total assets invested in Asia-domiciled funds at US$36.3 billion at the end of June 2021. In October 2022, Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund (SWF), is set to commit US$205 billion to take up membership of the UN PRI, joining the world’s largest responsible investment consultative body on ESG investment.
The Korean government stimulated ESG development by providing ESG related policy funds, announcing “K-ESG Guidelines” setting forth key ESG factors and standards, and releasing a “K-Taxonomy” drawing boundaries between green and brown activities. The Korean government also plans to spend US$40 million on supporting foreign businesses that make an investment in fields related to stable supply chains and carbon neutrality
and another US$26 million to support foreign investors finding plant locations. Further report by Yonhap, South Korean lender Hana Bank has floated $600 million worth of environmental, social, and governance (ESG) bonds which its issuance is co-managed by Citigroup Global Market Security, Credit Agricole, HSBC, Mitsubishi UFJ Financial Group and Standard Chartered.
Join us at ESG Summit by Trueventus to acquire insightful knowledge and fruitful discussion on the impact of regulatory measures on standardisation efforts. Learn and understand holistically about the development of Environmental, Social, Governance in the company, uncover case studies from reputable speakers, experience the latest applied technology to improve data quality insight, and gain networks with global
experts across industries.