2028From the year, assets 10or more in assets, listed companies 291companies, ESG disclosure made mandatory
The government and the ruling party announced that 2028from the year, listed companies with consolidated total assets of 10trillion won or more, 291companies, would be required to disclose ESG information, including greenhouse gas emissions. The first 3year will be temporarily exempt from sanctions.
The government and the ruling party announced that 2028from the year, ESG disclosure would be mandatory for listed companies with consolidated total assets of 10trillion won or more. Greenhouse gas emissions will be included in the required disclosures.
The companies subject to the requirement are reportedly a total of 291listed companies. The scope is determined based on consolidated total assets.
The penalty provisions will be deferred during the initial period of implementation. It was announced that sanctions would be temporarily waived for the first 3years after implementation.
This measure expands and finalizes the system proposal announced in 2 of this year. Specific disclosure items and guidelines will be determined additionally in accordance with the system proposal.
The disclosure scope includes the measurement and reporting of greenhouse gas emissions, and companies must prepare procedures for calculating and verifying the relevant data. Companies still need to organize their internal data and external verification processes to establish disclosure systems.
For example, LX Pantos disclosed, when publishing its 2026 sustainability report, that it had completed the calculation and verification of overseas greenhouse gas emissions. LX Pantos stated that it had disclosed human rights and labor-related data for 9 legal entities in Europe.
Alongside expanding the entities subject to disclosure, the government proposed temporarily exempting companies from sanctions in consideration of their implementation period. Detailed implementation procedures and schedules will be finalized in the future.