Crisis Management for a Conflict with North Korea

PRI "한국 지속가능성 공시 서둘러야...세부규칙보다 성공적 작동 중요"

Hankyung | Local Language | News | Dec. 5, 2025 | Regulation

The Principles for Responsible Investment (PRI), established under the United Nations in 2006, has become a leading global network for integrating environmental, social, and governance (ESG) factors into financial markets. With over 5,000 signatory organizations managing roughly $140 trillion globally, PRI has advanced responsible investment from a conceptual stage to a mainstream practice. PRI CEO David Atkin emphasizes that the focus is shifting from the necessity of ESG to how it is implemented, highlighting the importance of tailored strategies, transparent disclosure, and coherent policies to foster sustainable finance within each country’s unique institutional environment.

Atkin points out that responsible investment now addresses systemic risks rather than just individual asset risks, with a growing emphasis on acting upon sustainability outcomes such as climate change and human rights. Despite political headwinds, particularly in the U.S., sustainable investment continues to grow as investors recognize the long-term financial benefits of ESG integration. He stresses that the energy transition is driven primarily by economic incentives, with renewables now more affordable than fossil fuels, making policy clarity essential to encourage private capital to invest in sustainable projects.

In the context of Korea, Atkin urges the acceleration of sustainability disclosure implementation rather than focusing solely on detailed rules. He calls for clear policy direction, a trustworthy data environment, and market incentives to build a sustainable investment ecosystem, noting Korea’s strong technological and financial capacity as assets for leadership in the transition. The Korea Sustainability Standards Board’s work on disclosure standards aligns with international taxonomies and, if effectively implemented, could attract greater investment. He recommends a 2–3 year phased preparation for companies to adapt to new disclosure requirements, stressing that successful implementation is more important than rigid rules.

Regarding the National Pension Service, Atkin acknowledges progress in ESG integration but stresses the need for turning these initiatives into central elements of asset allocation and risk management. He highlights that stewardship codes require stronger enforcement and engagement by investors to influence corporate governance effectively. PRI aims to support Korean institutions by sharing global best practices and providing tailored educational resources through its new Pathways Program, helping members implement responsible investment with practical milestones and guidelines.