Moody’s, an international credit rating agency, evaluated Korea’s ESG (environmental, social, and governance) elements as the world’s best.
The Ministry of Strategy and Finance announced on the 19th that Moody’s evaluated the ESG Credit Impact Score (CIS), which comprehensively considered the effects of Korean ESG factors on the national credit rating, as the highest grade, 1st grade (positive).
Moody’s gave first grade to 11 countries including Korea, Germany and Switzerland in ESG evaluation of 144 countries around the world. 30 countries such as the United States and the United Kingdom are rated 2 (neutral), 38 countries including Japan and China are rated 3 (somewhat negative), 45 countries including India and Vietnam are rated 4 (negative), and 20 countries such as Argentina and Venezuela are rated 5 ( Very negative).
In Korea, the environment (E) and society (S) received 2nd grade side by side and the governance structure (G) 1st grade in the detailed field evaluation (IPS). The environment was rated 2 in all five categories: carbon conversion, climate change, water resource management, waste and pollution, and natural capital. The society received first grade in education, health and safety, and access to basic services, but received low evaluation in areas such as population due to rapid aging. The governance structure received 1st grade in all four sub-categories: institutional, policy credibility and effectiveness, transparency and information disclosure, and budget management.
Sejong = Reporter Woo Sang-kyu [email protected]
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