Housing Finance Corporation to Develop 'ESG Evaluation Model' with Social Value Research Institute

Choi Jun-woo, President of Korea Housing Finance Corporation (right), attended a non-face-to-face signing ceremony using a metaverse platform. Photo by Korea Housing Finance Corporation

[Asia Economy Reporter Song Seung-seop] Korea Housing Finance Corporation signed a "Business Agreement to Promote ESG (Environmental, Social, and Governance) Management for National Housing Welfare Stability" with the Social Value Research Institute on the 3rd.

The agreement was conducted in a non-face-to-face manner using a metaverse platform, considering social distancing due to the spread of COVID-19.

Through the agreement, the two organizations will establish standardized evaluation criteria to diagnose ESG management. They will also develop indicators and models to measure ESG management performance in the housing finance sector. Additionally, they will mutually cooperate in activating networks to expand the ESG ecosystem.

President Choi Jun-woo emphasized, "We will strive to strengthen ESG management to spread the social value of stabilizing national housing welfare," and added, "We hope that this agreement will enable the two organizations to play a leading role in promoting ESG management in public institutions."

Meanwhile, in 2019, the Corporation developed a social value measurement model through a comprehensive business agreement with the Social Value Research Institute for "Measuring and Expanding Social Value." It is the first public institution to operate the relevant KPI indicators.

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