Quantified ESG Secures 2.4 Billion KRW Investment Funding

CKD Venture Capital, KB Investment, and UK Kingsley Capital Partners Betting
Providing Over 2,000 Annual ESG Diagnosis and Reporting Services

[Asia Economy Reporter Kwangho Lee] Quantified ESG (QESG), a specialized company in on-demand ESG surveys and research, has secured an investment of 2.4 billion KRW from CKD Venture Capital, KB Investment, and UK-based Kingsley Capital Partners. This investment amount includes 400 million KRW from a conditional equity purchase agreement (SAFE) signed with Kingsley Ventures in June.

Quantified ESG provides ESG evaluation reports that quantitatively analyze social and environmental risk factors and assess the level of corporate management relative to the risks of the business and assets held by companies.

With the recent surge in interest in ESG, Quantified ESG’s ESG survey performance is rapidly growing. The company has conducted ESG surveys on 2,030 companies, including overseas firms in China, by July 2022, upon requests from private and financial institutions for ESG surveys on transaction targets and partner companies, showing an annual sales growth rate exceeding 200%.

Recently, the IFRS Foundation (International Financial Reporting Standards Foundation) announced financial reporting standards related to ESG, formalizing the inclusion of ESG in capital markets as part of financial investment and capital raising performance scopes. In South Korea, ESG reporting has been mandated from 2025 for companies with assets exceeding 2 trillion KRW. ESG reporting scope is set beyond the existing financial reporting’s “consolidated entities” to include “supply chains,” effectively placing almost all domestic companies under the influence of domestic and international ESG reporting regulations.

A representative from one of the investing firms participating in the follow-up investment stated, “ESG is no longer a specific theme but has become mainstream based on capital market institutional foundations. The unique services provided by Quantified ESG comply with international standard specifications, enabling them to pioneer the ESG software service (SaaS, Software as a Service) market not only for 90,000 small and medium-sized enterprises in Korea but also across Asia.”

Baek Ikhyun, CEO of Quantified ESG, said, “We are moving from a period when stakeholders including the government and investors investigated and evaluated ESG to a stage where ESG is actively used in financial decision-making. Through this investment, we will develop various ESG data services essential for companies to gain global competitiveness in line with capital market demands.”

This content was produced with the assistance of AI translation services.