Good governance: Companies listed on the benchmark Kospi with total assets valued over US$1.81bil are requested to release their ESG data from 2025 until 2030. — AFP
SEOUL: South Korea’s financial authorities unveiled a comprehensive policy framework that obligates listed firms to disclose corporate information on investment activities related to environmental, social and governance standards, so-called ESG, in phases.
Under the envisioned scheme jointly released by the policymaking Financial Services Commission, the market watchdog Financial Supervisory Service and the country’s sole bourse operator Korea Exchange, companies listed on the benchmark Kospi with total assets valued over two trillion won (US$1.81bil) or more are requested to release their ESG data from 2025 until 2030, when the requirement will be expanded to listed companies.
The data subject for disclosure includes response plans for environmental crises such as Covid-19, efforts to improve labor-management relations and a governance structure based on transparency.
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