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South Korea will launch a standardized environmental, social and governance index as businesses are confused by more than 600 different ESG indices existing home and abroad.
The Ministry of Trade, Industry and Energy on Wednesday held a conference with firms interested in ESG efforts and unveiled a draft of the envisioned measure, following President Moon Jae-in’s call for ESG standards at the 48th Commerce and Industry Day ceremony held on March. 31.
The government-envisioned index, which is based on 13 major ESG indexes, includes four main categories -- transparency, environment, society and corporate governance -- and have total 61 subcategories. It is expected to be finalized in the second half of this year.
“The ESG index will act as a guideline and alleviate market confusions triggered by so many different ESG indices right now,” an industry ministry official said.
By Kim Byung-wook (kbw@heraldcorp.com)
The Ministry of Trade, Industry and Energy on Wednesday held a conference with firms interested in ESG efforts and unveiled a draft of the envisioned measure, following President Moon Jae-in’s call for ESG standards at the 48th Commerce and Industry Day ceremony held on March. 31.
The government-envisioned index, which is based on 13 major ESG indexes, includes four main categories -- transparency, environment, society and corporate governance -- and have total 61 subcategories. It is expected to be finalized in the second half of this year.
“The ESG index will act as a guideline and alleviate market confusions triggered by so many different ESG indices right now,” an industry ministry official said.
By Kim Byung-wook (kbw@heraldcorp.com)
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
