2027From 10KOSPI companies with assets of at least trillion won to be required to disclose sustainability information
Samjong KPMG 7in 9said in a report that sustainability disclosures are being converted into statutory disclosures for investors, requiring companies to establish disclosure processes and data and internal control systems at the level of financial reporting. Under the Financial Services Commission's roadmap, phased mandatory disclosure will begin with KOSPI-listed companies with consolidated assets of at least trillion won from the business year 2027starting with the business year 10for KOSPI-listed companies with consolidated assets of at least trillion won.
Samjong KPMG 7in 9published a report titled 'The Era of Mandatory Sustainability Disclosures: How Will Corporate Disclosures Change?' on . The report assessed that sustainability disclosures are shifting beyond voluntary ESG reporting to become statutory disclosures used in investors' decision-making.
The report pointed out that companies must establish disclosure processes at the level of financial reporting. Specifically, it said that organizational structures, disclosure processes, data management, and internal controls must be overhauled across the enterprise.
Under the Financial Services Commission's roadmap, sustainability disclosures will become mandatory in stages. The report summarized that implementation will begin with KOSPI-listed companies with consolidated assets of at least trillion won from the business year 2027starting with the business year 10for KOSPI-listed companies with consolidated assets of at least trillion won.
The report explained that the location of the disclosure is expected to be specified in the business report. Companies must include and disclose sustainability information in their business reports.
The report recommended establishing a specific management system, including data sources, the designation of responsible personnel, and internal audit channels. It also proposed strengthening internal controls to prevent disclosure errors while preparing for external verification.
The report noted that the level of preparedness may vary significantly by company. In particular, it said that preparations should begin with large listed companies that meet the consolidated-asset threshold.
Sources: 파이낸셜뉴스 증권
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