Public Sector ESG Financial Management Symposium... "Enhancing Public Policy Acceptance"
Ministry of Economy and Finance & Korea Institute of Public Finance, '2022 Fiscal Management Symposium'
[Sejong=Asia Economy Reporter Moon Chaeseok] The government announced that it held the 2022 Fiscal Management Symposium on the 20th to discuss measures to strengthen ESG (Environmental, Social, and Governance) management in public institutions funded by the government.
Since 2018, the symposium has been an academic conference discussing fiscal investment directions and fiscal system improvements on major policy issues. This year's theme is "Mid- to Long-term Fiscal Investment Strategy for ESG in the Public Sector." It covers three topics: strengthening climate change response, restructuring regional balanced development, and reforming the fiscal project delivery system. Due to COVID-19 social distancing measures, only presenters and discussants attend offline. It can also be viewed via live streaming on the Korea Institute of Public Finance YouTube channel.
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Deputy Minister Ahn Do-geol of the Ministry of Economy and Finance emphasized in his congratulatory remarks the need to transition to a low-carbon economy and alleviate disparities in population and resources between the metropolitan area and local regions. He stated that establishing a solid cooperation system during government policy implementation is essential to increase public acceptance of policies. Deputy Minister Ahn said, "In response to the global trend of digital and low-carbon-based economic and social transformation, the public sector must actively implement ESG values to support sustainable growth and inclusive development. The government plans to actively reflect the policy recommendations discussed at the symposium in future fiscal management and system improvement processes and put them into practice."
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