Tuesday May 19 2015
News Source: Global Exchanges
Focus: Stock Exchange Corporate Governance
Type: General
Country: Korean Republic
Link: http://eng.krx.co.kr/coreboard/BHPENG09004/view.jspx?bbsSeq=20229&secretYn=N
Korea Exchange (KRX) has announced that it has joined the United Nations Sustainable Stock Exchanges (SSE) Initiative as a Partner Exchange to promote sustainable business practices among listed companies.
The UN SSE Initiative aims to explore how exchanges can work together with investors, regulators and companies to enhance corporate transparency on Environmental, Social, and corporate Governance (ESG) issues and encourage responsible long term approaches to investment.
KRX has made efforts on ESG related issues in Korea such as enhancing corporate governance of listed companies by introducing voluntary disclosure of ESG information.
KRX will encourage spread of ESG practices in listed companies through providing corporate governance code, facilitating institutional investors to invest in corporations with transparent ESG practices, and also promoting sustainable long-term investment by developing a new Sustainable Responsibility Index.
Click on the link above for further details.