Financial firms incorporate ESG into business strategies

The finance sector is increasingly incorporating the term ESG into their management strategies, to keep up with global trends and meet investors and shareholders’ demands.

ESG stands for environmental, social and governance, and employing these values into a company’s management means the entity seeks to protect the environment, fix societal problems and improve corporate governance through its business.

A number of major financial groups have established separate divisions focusing on devising related strategies for this year. This is seen as a move to go a step further from supporting the idea to drawing up action plans and executing them. …

Read the full article in the Korea Times here.