"The key to becoming a winner in the global capital market will be about how fast we accept and
utilize the Environmental, Social, and Governance (ESG) trend," said Philipp Hildebrand,
the Vice Chairman of BlackRock, the world's largest asset management company.
He foresees that ESG can be the core conditions for the survival of companies and
the standards of corporate value.
ESG has turned into an essential part of the financial market instead of being an option. Companies
began to regard 'goodness,' not 'money,' as the keyword determining sustainable management
and corporate value. The new trend of ESG is pushing into the global financial market.
ESG management draws attention amid the unprecedented COVID-19 pandemic.
Why is ESG important? Why are companies forced to choose ESG? The answer is apparent
in the overseas markets. Last year, the capital inflow of 31 ESG ETFs marked a record
high of USD 27.4 billion in the United States. According to the Climate Bonds Initiative,
a non-profit organization, the volume of new green bonds issued by governments and businesses
was USD 270 billion, and the total global volume of green bonds approached USD 1 trillion.
Deutsche Bank forecasted that the global EST investment would reach USD 100 trillion by 2030.
The Network for Greening the Financial System (NGFS) created a guideline with about
80 financial institutions worldwide to jointly respond to climate and environmental risks.
The ESG wave is also quite strong in Korea. According to the Korea Exchange, the volume of ESG
bonds issued by domestic institutions was KRW 1 trillion in 2018, KRW 28 trillion in 2019,
and nearly KRW 43 trillion as of October last year. Most Korean financial companies announced
their plans to stop the financing and bond acceptance of new projects related to constructing
coal-fired power plants at home and abroad. Some financial groups declared 'zero carbon'.
Given this circumstance, Financial News is preparing for an occasion to discuss sustainable
financing through ESG as the challenge and goal in the post-COVID-19 era. The 22nd Seoul
International Finance Forum will take place in the Grand Ballroom of the Westin Josun Hotel
in Sogong-ro, Seoul, on April 22nd(Thu). The central theme of this forum is the 'Next Wave of
Finance: Why ESG?' Global scholars will share their insights into the global flow of ESG management
and sustainable financing, evaluation methods, and latest investment issues. In particular,
this year's forum will implement a hybrid system combining online and offline programs, taking
thorough on-site quarantine measures against COVID-19.
Title : The 22nd Seoul International Finance Forum
Theme : The 'Next Wave' of Finance: Why ESG?
Date : Thursday, April 22, 2021
Venue : Grand Ballroom(1F), The Westin Josun Hotel, Seoul & Online
Host : The Financial News, Oaktree
Sponsor : Ministry of Economy and Finance, Financial Services Commission, Financial Supervisory Service,
Korea Deposit Insurance Corporation, Korea Federation of Banks, Korea Exchange,
Korea Financial Investment Association, Korea Life Insurance Association,
General Insurance Association of Korea, The Credit Finance Association of Korea,
Korea Securities Depository, Korea Securities Finance Corp., Koscom
Contact : The 22nd Seoul International Finance Forum Bureau