ESG : [Environmental, Social, Governance]
Environment, social, and governance, previously considered non-financial elements, have now emerged as core values of companies, major financial institutions, and shareholders around the world.
ESG finance is an investment method that shareholders and institutional investors consider with the company’s financial factors in terms of “sustainable investment” when making investment decisions in a company, reflecting social and ethical values and eco-friendly sustainability. Unlike the traditional method of judging only the financial performance of companies in the EU and major countries such as the U.S. from 2021, it will be evaluated by reflecting ESG that affects corporate value and sustainability from a long-term perspective. The way companies invest in ESG performance can drive long-term returns from investors, while corporate behavior can have a significant impact on society.
Along with the UN SDGs, the social responsibility of companies and investors has become important, and many financial institutions around the world are using ESG evaluation information. Starting with the UK (2000), many countries including Sweden, Germany, Canada, Belgium, France, and the Netherlands have introduced ESG information disclosure obligations with pension funds at the center, and New York Stock Exchange (NYSE) is also pushing for disclosure duties. The UN has recommended investment considering ESG issues since 2006. ESG is now emerging as a keyword that will determine the success or failure of the capital market beyond individual companies.
ASD is the first organization in Korea that has been designated as the Observer to the ICMA’ Green and Social Bond Principles organization. ICMA’s ESG Bond Principles must be followed in order for an entity to issue ESG bonds, and the association evaluates the sustainability and SDGs mapping of bonds issued under these principles. Along with this, ASD has formed an Asian plastics project working group with the Sustainability Accounting Standards Board(SASB) – an international ESG sustainability accounting standards development organization – performing R&D for ESG environmental standards in the Asia Pacific region.
Based on such international authority and roles, ASD has formed partnerships with various ESG organizations both locally and internationally, providing support for:
▷Second Party Opinion · Guide line ▷Scoring · Rating ▷Verification ▷Globally Linked ▷Externally Linked ▷ESG education etc.
Our association encourages you to participate in the ASD’s innovative ESG total solutions.
ASD aims not only to promote the implementation of the UN Sustainable Development Goals, but also to support sustainable management such as ESG analysis, certification, and guidelines for global companies.
Provision of professional advice and global certifications and guidelines for the analysis and evaluation of corporate ESG management
□ [SDGBI(UN Sustainable Development Goals Business Index)]
■ Established UN SDGs Business Index (SDGBI), a business index that assists 2500 major corporations in the analysis and consultation based on the SDGs
■ Submitted as an official written statement(E/2019/NGO/91) at the High-Level Segment(HLS) of the 2019 High-Level Political Forum(HLPF)
■ Announced every October since 2016, becoming a standard for investment and implementation of UNSDGs and a standard for sustainability management among major global companies.
■ Among the 3000 global corporations, 2019 SDGBI announced the world business 300 lists and the Korean business 180 list
■ Analysis of 12 criteria and 48 indicators in 4 sectors (out of 100 points) including Society, Environment, Economy and Policy
□ [GRP : Guidelines for Reducing Plastic Waste & Sustainable Ocean and Climate Action Acceleration]
■ Annually announced to proliferate more than 2,000 global enterprises’ activities regarding the reduction of plastic-and-petroleum-related products and sustainable ocean·climate action acceleration.
■ GRP (Guidelines for Reducing Plastic Waste & Sustainable Ocean and Climate Action Acceleration) signifies global environmental guidelines and international environmental standards.
■ GRP utilizes a ‘4 rating system’ (AAA, AA+, AA, AA-) and associated enterprises in the system obtain an international environment-certification.
□ [‘Global Sustainable Leaders 100’ & ‘Global Sustainable Brands 100’]
■ Once selected as the official Exhibition Organizer for the ‘UN High-Level Political Forum'(UN HLPF 2019), ASD announced at the UN headquarters in New York in 2019, ASD announced ‘Global Sustainable Leaders 100’ to the world under the same theme.
■ Announced in celebration of receiving H.E. Tijjani Muhammad-Bande’s (President of the UN General Assembly representing 193 UN member states) official letter encouraging the public and private sector to implement the SDGs and actively respond to Covid-19.
■ From 2020 announcement, exemplary companies and consumer-recommended brands have also been announced.
■ Based on 10 standards and 43 indicators, selects 100 out of 3000 leading companies and 2000 leading leaders, respectively.
□ [ SRC ]
Statement list of Recommendation ESG Global Corporate Excellence through SDGs
Introducing exemplary ESG models to major UN committees through the submission of UN official written statements
Introduced and submitted written statements about sustainable management models of global corporations to UN Economic and Social Council (ECOSOC) commissions – Fourteen written statements submitted
◇ 2015 ECOSOC High-Level Segment – 2015.7.
◇ Commission on the Status of Women Sixtieth session – 2016.4.
◇ ECOSOC High-Level Segment Written Statements – 2016.7. 2016
◇ The 55th Session of the Commission for Social Development – 2017.2.
◇ 16th Session of the Committee of Experts on Public Administration – 2017.4.
◇ The 56th Session of the Commission for Social Development – 2018.2.
◇ The 51st Session of the Commission on Population and Development – 2018.4.
◇ 2018 ECOSOC High-Level Segment – 2018.7.
◇ The 52st Session of the Commission on Population and Development – 2019.4.
◇ 2019 ECOSOC High-Level Segment – 2019.7.
◇ Commission on the Status of Women Sixty-fourth session – 2020.3.
◇ The 53rd Session of the Commission on Population and Development – 2020.4
◇ The 59th Session of the Commission for Social Development – 2021.2
◇ The 54st Session of the Commission on Population and Development – 2021.4.