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Korea urged to spur ESG efforts for sustainable growth Posted : 2021-03-14 11:11 Updated : 2021-03-15 08:55 This article is the first in a four-part series highlighting the importance of ESG criteria in management and making suggestions for Korea s financial, industrial and public sectors to come up with better ESG strategies for sustainable growth. ― ED. Concerns remain over greenwashing, poor corporate governance By Park Jae-hyuk It looks quite obvious that the term ESG has become indispensable for Korean businesses to represent their management strategies for this year and beyond. Standing for the environmental, social and corporate governance standards used to measure sustainability and the societal impact of investments, these values-based principles are now considered essential to attracting global institutional investors. Domestic firms in the financial, industrial and public sectors have therefore been busy lately issuing press releases o ....
[INTERVIEW] Korean firms urged to focus more on governance reforms Posted : 2021-02-03 09:07 Morrow Sodali picks Shinhan as leader in ESG management By Park Jae-hyuk Korean companies are still considered poor at improving their governance structures, despite their accelerated efforts to satisfy environmental, social and corporate governance (ESG) criteria, in order to follow global trends, a seasoned investor relations and corporate affairs specialist said. Christian Sealey, the CEO of Morrow Sodali Asia Pacific, advised businesses here to make more efforts in their governance reforms than for the other two factors of the ESG criteria at this moment. Corporate governance has been regarded as a weakness of many Korean companies for a long time, the executive of the world s leading provider of corporate governance advisory services told The Korea Times. It should be taken into account that there are cultural differences in the operation of the board of d ....