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Financial Services Commission to inject 790 trillion won into climate finance to back green transition

Financial Services Commission Chairman Lee Eok-won (이억원) on Tuesday presented a draft roadmap to institutionalise ESG disclosures and announced plans to supply 790 trillion won in climate finance to support corporate green transition. The FSC will gather opinions on the draft until March 31 and aims to finalise it in April. ESG reporting will begin in phases for KOSPI-listed firms with consolidated assets of at least 30 trillion won, with Scope 3 emissions to be disclosed in principle from 2031.