Government, 2028from, with consolidated assets of 10trillion won or more, to make ESG disclosure mandatory for listed companies
The government has made 2028from, ESG disclosures, including greenhouse gas emissions, a legal obligation for listed companies with total consolidated assets of 10trillion won or more. The number of companies covered is estimated at approximately 291listed companies, and it announced that the initial 3years of implementation would operate as a grace period.
The government has made 2028from, ESG disclosures, including greenhouse gas emissions, a legal obligation for listed companies with total consolidated assets of 10trillion won or more. For investors, it is important that the scope of disclosure and companies’ cost structures will change.
This standard uses total consolidated assets as its criterion. The companies subject to it are estimated at 291listed companies.
The disclosure items include greenhouse gas emissions, and the government said they would be classified as statutory disclosures. The applicable standards and detailed items are scheduled to be organized in relevant guidelines.
The government and the ruling party have fixed the implementation date as 2028year and decided to grant an exemption for the first 3years. They announced that sanctions would be applied on a limited basis during the exemption period.
The scope is reportedly substantially broader than the proposal disclosed in 2than initially planned. The measure directly affects large companies listed on stock markets, including KOSPI.
As a corporate example, LX Pantos issued its 2026 sustainability report and said it had completed the calculation and verification of its overseas greenhouse gas emissions. The company announced that it had disclosed human rights and labor-related data from 9of its overseas entities in Europe.
The government plans to additionally prepare detailed guidelines and disclosure forms. Companies need to establish systems for calculating the indicators and prepare for external verification.