Shinbokwi Develops 'Credit Counseling ESG Index'

[Asia Economy Reporter Kim Hyo-jin] The Credit Recovery Committee announced on the 29th that it has developed the 'Credit Counseling ESG Index (ICC-ESG)' with advice from the 'UN SDGs Association,' the first domestic International Capital Market Association ESG Bond Observer institution.

The UN SDGs Association is a special consultative status organization under the United Nations Economic and Social Council, serving as the first domestic International Capital Market Association ESG Bond Observer institution that advises companies and government agencies on global sustainable management and ESG (Environmental, Social, Governance) finance to promote the 'UN Sustainable Development Goals' and ESG.

The Credit Counseling ESG Index (ICC-ESG) is an indicator that measures credit counseling capabilities from an ESG perspective, including credit counseling, debt adjustment, credit education, employment, welfare, and self-sufficiency.

This index was developed to improve social awareness of the importance of credit counseling and to promote the activation of credit counseling by evaluating the social value of credit counseling in four areas?social, economic, environmental, and institutional?based on the UN Sustainable Development Goals. It consists of 10 actionable goals and 43 measurement indicators in the credit counseling field, such as poverty eradication, education, welfare enhancement, and job creation.

The Credit Recovery Committee plans to regularly measure and announce the Credit Counseling ESG Index once or twice a year to encourage consumer credit institutions to voluntarily take the lead in protecting financial consumers.

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