_KoSIF_2024年韩国社会责任投资论坛年度报告（英）_16页_2mb

2024 Korea Sustainability Investing Forum Annual Report Summary

Introduction

The 2024 Annual Report of the Korea Sustainability Investing Forum (KoSIF) details the organization's activities, achievements, and strategic priorities for advancing sustainable finance and addressing climate change in 2024. The report emphasizes collaboration among stakeholders to build a sustainable society.

Key Activities in 2024

• Policy Engagement and Advocacy: KoSIF supported the launch of the National Assembly ESG Forum and advocated for mandatory climate and ESG disclosures by 2026, aligned with ISSB standards.
• Research Initiatives: The organization published key reports, including:
  • The 2023 Korea ESG Finance White Paper, analyzing financial institutions' ESG practices.
  • The Fossil Fuel Finance White Paper, assessing fossil fuel assets held by domestic institutions.
  • Reports on green steel transition, renewable energy policies, and climate finance.
• Collaborations: KoSIF signed memoranda of understanding (MoUs) with global and domestic initiatives such as:
  • SBTi (Science Based Targets initiative) to promote GHG reduction targets.
  • RE100 and EV100 to encourage 100% renewable energy and electric vehicle adoption.
  • PCAF-KOREA to standardize financed emissions disclosure.
  • CDP Korea Committee to enhance environmental disclosure.
• Public-Private Partnerships: The Water Positive Alliance was established to address water crises through public-private cooperation. KoSIF also supported the coal phase-out efforts by the National Pension Service (NPS).
• Education and Awareness: Events, seminars, and publications raised awareness on ESG, climate finance, and renewable energy transitions.

Strategic Goals and Achievements

• KoSIF contributed to sustainability by fostering institutional frameworks, policy changes, and public discourse.
• Key outcomes include:
  • Enhanced ESG disclosure policies and financial supervision.
  • Acceleration of energy transition through research and partnerships.
  • Strengthened civil society engagement and collaborative governance models.

Looking Ahead to 2025

KoSIF plans to institutionalize sustainable finance, promote net-zero goals, and expand ESG-related business areas. Activities include policy advocacy for the ESG Basic Bill, global initiative partnerships, and fostering transparency in ESG practices.

About KoSIF

KoSIF is a non-profit think tank founded in 2007, dedicated to advancing sustainable finance through research, policy development, and stakeholder collaboration. For inquiries, visit their website or contact via provided channels.

Historical Context

With a history since 2004, KoSIF has been a pioneer in ESG research and policy engagement in Korea, evolving through various initiatives and collaborations over the years.