ESG의 관점으로 세상을 바라봅니다.

한국사회책임투자포럼은 ESG를 고려하는 사회책임투자(SRI) 촉진과

기업의 사회적 책임(CSR) 장려를 통해 지속가능한 사회 건설에

기여하고자 2007년 설립된 비영리 기관입니다.

ESG 연구를 기반으로 한 입법지원, 정책개발, 관여활동, 캠페인과 홍보 등

다양한 활동을 전개하고 있으며, 지속가능발전 극대화를 위해

국내외 투자자, 시민사회, 정부, 국회 등과 협력하고 있습니다.

2022 Korea ESG Finance White Paper





2022 Korea ESG Finance White Paper


The "2022 Korea ESG Finance White Paper," which analyzes and reports on the current state of ESG (Environmental · Social · Governance) finance in both public and private financial institutions in South Korea, has been published.

This is the third edition following its initial release in December 2021, comprehensively investigates and analyzes the overall status of ESG finance across all 82 public financial institutions and 89 private financial institutions.

According to the white paper, as of the end of 2022, the size of ESG finance in South Korea exceeded 1,000 trillion won, reaching 1,098 trillion won. This represents a 39.7% increase (312 trillion won) compared to the previous year, but the majority of this increase is analyzed to be from the entrusted management assets of the National Pension Service, which came under scrutiny for ESG washing during the recent regular National Assembly audit.

Meanwhile, the increase in ESG investment (responsible investments) by the National Pension Service amounted to 254 trillion won, accounting for 91% of the total domestic growth.


Table of Contents


Youngho Kim Chairman, KoSIF

Yongwoo Lee Member of the National Assembly, Democratic Party of Korea


Executive Summary

Overall Status of ESG Finance in Korea

Detailed Analysis by ESG Finance Type

- ESG Investment

- ESG Loan

- ESG Bond Issuance

- ESG Financial Instrument


ESG Financial Issues Report

- ESG Investment of the NPS

- Classification System and Sustainable Disclosure

- Status of ESG Finance Target



- Survey and Analysis Methodology

- Institutions’ Responses to ESG Finance



Main contents of the report

- As of the end of 2022, the size of ESG finance in Korea exceeded 1,000 trillion won, reaching 1,098 trillion won, marking a growth of 39.7% (312 trillion won) compared to the previous year.

- 81% (254 trillion won) of the increase is attributed to entrusted management assets of the National Pension Service.

- Public financial institutions' ESG finance amounted to 701 trillion won, nearly double that of the private sector. The influence of the National Pension Service is significant.

- Private financial institutions' ESG finance totaled 390 trillion won, accounting for 35.5% of Korean ESG finance. Among these, banks accounted for 72%.

- ESG investment amounted to 558 trillion won, ESG loan totaled 393 trillion won, ESG bond issuance reached 76.3 trillion won, and ESG financial instrument amounted to 70.6 trillion won.

- Among the types of ESG finance, ESG loan have been the largest in scale over the past four years; however, in 2022, ESG investment became the largest in scale, influenced by the National Pension Service.

- Standards and regulations to prevent ESG washing are still inadequate. There is a need for further development, strengthening, and expansion of taxonomy, as well as its application.

- It is urgent to introduce ESG financial disclosure and corporate disclosure.


Inquiries: Namyoung Park Senior Researcher (nypark@kosif.org), Minah Kim researcher (mina0219@kosif.org)

첨부파일2022 Korea ESG Finance White Paper_EN.pdf