Assets 10trillion won or more 291companies, mandatory ESG disclosure from 2028.?year
Assets 10trillion won or more, listed companies 291companies are subject to mandatory ESG disclosure from 2028. In particular, disclosure of greenhouse gas emissions (carbon emissions) is required, and companies must hurry to prepare for disclosure and collect data.
Assets 10trillion won or more, listed companies 291companies will be required to make ESG disclosures from 2028. Investors will be able to check nonfinancial information, including greenhouse gas emissions, in company reports.
The government presented a plan to institutionalize ESG disclosure, including greenhouse gas emissions disclosure items, for companies with consolidated assets of 10trillion won or more. The mandatory disclosure start date is 2028.
The number of companies subject to the requirements was counted as 291. The applicable criterion is based on the size of assets in the consolidated financial statements, it said.
The disclosure items will include carbon emissions figures, while the disclosure format and submission cycle will be set out in separate guidelines. The detailed guidelines will be released before the system is introduced.
Meanwhile, KB Securities 7 month 9 day invited science communicator “Orbit” to give a special lecture for employees on the climate crisis and ESG. The lecture addressed companies’ need to manage greenhouse gases and prepare for disclosures.
The relevant authorities explained that they will finalize the system while simultaneously gathering companies’ opinions and preparing detailed plans. Companies need to prepare internal data collection systems and disclosure systems.