Recent ESG Trends in Korea
2023.09.20.
In the first half of 2023, ESG trends in Korea have continued to be dynamic as in the past few years.
The Federation of Korean Industries (FKI) conducted a survey on the "2023 ESG Trend" among 100 of the top 500 companies, ranked by sales. 93% of respondents indicated that ESG management would scale up from last year. Key issues of interest were mandatory ESG disclosure, improvement of ESG evaluation, and the response to the EU Directive on Corporate Sustainability Due Diligence.
On the other hand, the Korean government is taking steps to strengthen its policies to promote ESG management. To this end, in February 2023, it established the "Private-Public Joint ESG Policy Council," comprised of relevant government agencies (e.g., the Ministry of Strategy and Finance, the Ministry of Commerce, Industry and Energy, the Ministry of Environment and the Financial Services Commission) and the private sector organizations (e.g., the Korea Chamber of Commerce and Industry and the Korea Federation of Small and Medium Business) and has been holding regular meetings.
Click the file name below to view details on the trend of the first half of this year regarding each key issue.
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