South Korea’s Financial Supervisory Service (FSS) has issued new guidelines to improve transparency on the methods and procedures used by credit rating agencies to perform ESG bond certification evaluations. The FSS said the new guidelines will improve the transparency and reliability of the evaluation process, while ensuring more decision-useful information is provided to investors to prevent greenwashing. The guidelines will be implemented as Korea Financial Investment Association (KOFIA) best practice and come into effect from 1 February 2023.
The guidelines reflect IOSCO’s recommendations and will be implemented as KOFIA best practice from 1 February 2023.#esg #esgratings #greenwashinghttps://t.co/jTJq8S9UKH
— Regulation Asia (@RegulationAsia) January 16, 2023
