Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the fourth consultative body meeting on propelling a transition to productive finance with officials from financial companies and experts from the energy sector on May 25. At today's meeting, participants discussed major changes taking place in the energy industry and the role of finance in facilitating the strategic development of key energy megaprojects. In his opening remarks, Vice Chairman Kwon discussed the importance of structural shifts taking place in the energy sector and outlined key financial policy initiatives to expand the supply of climate finance, set clear standards on ESG disclosure requirements, and provide financing support through the National Growth Fund. In addition, Vice Chairman Kwon made a suggestion that financial companies disclose their annual performance on productive finance to the public in every fourth quarter to ensure transparency and boost financial companies' productive finance efforts.