Overview.
Environmental, social and governance (ESG) has become one of the key issues for corporate management, investors, and companies. ESG ratings have also become priorities for leading security regulators and stock exchanges to evaluate companies. As of December 2021, the 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 continue to increase with total assets invested in Asia-domiciled funds valued at US$36.3 billion at the end of June 2021. In October, 2022, South Korea’s sovereign wealth fund Korea Investment Corporation (KIC), 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” that set 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. A further report by Yonhap states that South Korean lender Hana Bank has floated $600 million worth of environmental, social, and governance (ESG) bonds whose issuance is co-managed by Citigroup Global Market Security, Credit Agricole, HSBC, Mitsubishi UFJ Financial Group and Standard Charted.
Join us at the 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.
Endorser
Green Network Asia is a purpose-driven public affairs consultancy and independent digital media company envisioned to create an ecosystem of shared value for sustainable development.
The International ESG Association is a non-profit organization approved by the Ministry of Commerce, Industry, and Energy in the Republic of Korea. IESGA has established a collaborative network with over 400 universities, research institutes, and institutions worldwide to generate and share cutting-edge ESG knowledge, with the vision of enhancing corporate sustainability.
ASIFMA is an independent, regional trade association with over 150 member firms comprising a diverse range of leading financial institutions from both the buy and sell side, including banks, asset managers, law firms and market infrastructure service providers. Together, we harness the shared interests of the financial industry to promote the development of liquid, deep and broad capital markets in Asia. ASIFMA advocates stable, innovative, and competitive Asian capital markets that are necessary to support the region’s economic growth.