Financial Supervisory Service and Ewha Womans University Hold International Conference on 'ESG and Green Finance'

[Asia Economy Reporter Changhwan Lee] The Financial Supervisory Service (FSS) announced that on the 31st, it held an international conference titled "Starting out with Green Finance" and a youth recruitment briefing session for job-seeking young people at Ewha Womans University ECC (Campus Complex), focusing on ESG (Environmental, Social, and Governance) and green finance.

At the international conference, key figures from the UK's Financial Conduct Authority (FCA), the three major global credit rating agencies (S&P, Moody's, Fitch), the Financial Supervisory Service, Ewha Womans University, and KB Financial Group introduced prospects and response strategies for ESG and green finance.

In the afternoon youth recruitment briefing session, recruitment briefings for young people (including KB Financial Group and 17 other companies) were conducted, and a competition for future finance idea contests was also held.

In his opening remarks, FSS Governor Lee Bok-hyun stated, "Due to ongoing uncertainties in the global economic environment, the growth of ESG and green finance has somewhat slowed," but emphasized, "Once uncertainties are resolved, social demand for ESG and green finance may resurge, so prepared responses from the domestic financial sector are necessary."

The governor added, "In line with recent responses from international organizations and overseas supervisory authorities regarding ESG washing and climate risk management, the FSS plans to establish supervisory policies considering the characteristics of the domestic financial sector."

Kim Eun-mi, President of Ewha Womans University, said, "We hope that through this conference, where industry and academia gather wisdom to discuss 'sustainable green finance' together, we can explore the fundamental causes and solutions to climate change."

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