Korea Targets More Transparent ESG Bond Ratings with New Guidelines

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. 

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