Portal Launched to View Socially Responsible Investment Bond Information at a Glance
Exemption of New Listing Fees and Annual Charges for the Next 3 Years
[Asia Economy Reporter Minwoo Lee] A portal site where information on Socially Responsible Investment (SRI) bonds can be viewed at a glance has been launched.
The Korea Exchange announced on the 15th that it has opened a dedicated 'SRI Bond Segment.' SRI bonds are bonds whose issuance funds are used for projects that create environmental or social benefits. These mainly include green bonds, social bonds, and sustainability bonds.
Until now, since each issuing institution disclosed SRI bond information separately, investors found it difficult to grasp related information all at once. There was also no credible institution providing stock information and statistics. To resolve this, the Korea Exchange has established an official comprehensive information portal. An English website has also been prepared for foreign investors.
Along with this, to revitalize the SRI bond market, the Korea Exchange has signed Memorandums of Understanding (MOUs) with external evaluation agencies and will provide financial support. The Korea Exchange signed MOUs with domestic specialized institutions such as Deloitte Anjin Accounting Corporation and Korea Credit Rating to support SRI bond issuers in smoothly receiving external evaluations. This is because SRI bond issuers must establish a bond management system and receive evaluations from external professional institutions to verify compliance with principles set by international private organizations such as the International Capital Market Association (ICMA) and the Climate Bonds Initiative (CBI). To this end, the Korea Exchange decided to waive new listing fees and annual charges for the next three years so that SRI bond issuers can reduce their financing costs.
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A Korea Exchange official said, "Issuers will be officially recognized as qualified SRI bonds through registration in the dedicated segment, securing bond credibility and enabling stable fundraising through the domestic bond market," adding, "By providing standardized information on SRI bonds in a consolidated manner, it will reduce investors' information search costs and time, contributing to the activation of investment."
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