By Kim Hyun-bin
In a seminar marking the publication of the Korean model of “ESG Practices in ASEAN & Korea: Pathways In the direction of Sustainability,” in Seoul on Tuesday, Kim Jae-shin, the secretary common of the ASEAN-Korea Centre, emphasised the rising significance of Environmental, Social and Governance (ESG) administration in fostering sustainable progress and cooperation between Korea and ASEAN member nations.
“I’m more than happy to carry this seminar with the nation’s prime consultants to commemorate the publication of the Korean model of ‘ESG Practices in ASEAN & Korea: Pathways In the direction of Sustainability,’ Kim mentioned.
Cowl of ASEAN-Korea Centre’s new Korean ebook “ESG Practices in ASEAN & Korea: Pathways In the direction of Sustainability.” / Courtesy of ASEAN-Korea Centre
The ASEAN-Korea Centre had beforehand revealed the English model of the guidebook in 2023. After greater than a 12 months of labor, the Korean model is now able to be introduced. Kim highlighted the importance of this occasion.
“I hope in the present day’s seminar, which can talk about ASEAN-Korea ESG cooperation primarily based on the contents of the ebook, shall be helpful to our firms wishing to enter ASEAN and to public, non-public, and tutorial stakeholders excited about ESG,” he mentioned.
“The UN has been selling the Sustainable Growth Objectives (SDGs) since 2016. Consequently, sustainable administration represented by ESG is turning into more and more vital. It’s not nearly emphasizing company social duty; it additionally serves as a key indicator for funding selections.”
In 2023, the whole inexperienced funding in Southeast Asia reached $6.3 billion, highlighting the rising significance of ESG within the ASEAN area. Moreover, the ASEAN Secretariat has been asserting the “ASEAN Taxonomy for Sustainable Finance” since 2021 displaying the area’s curiosity in institutionalizing and systematizing ESG administration.”
The newly revealed guidebook covers the institutionalization standing of ESG in Korea and ASEAN member nations and greatest practices in 9 key cooperation areas. Kim praised the collaborative efforts that enhanced the Korean model of the guidebook.
“The Korean model was supplemented with instances from Korea’s provide chain and monetary markets, with evaluate opinions from SK C&C. We count on it to be a helpful information as the one ESG report masking each Korea and ASEAN, with extra enriched content material than the English model,” he mentioned.
This 12 months marks the thirty fifth anniversary of the institution of dialogue relations between Korea and ASEAN, and it’s also the fifteenth anniversary of the ASEAN-Korea Centre.
