Samil PwC, Comparative Analysis of Domestic and International Sustainability Disclosure Standards... "Video Production"

Based on the content announced last month by the Korea Accounting Standards Board
Available on Samil PwC YouTube
"Significant changes expected in the domestic capital market"

Sam-il PwC's Sustainability Platform announced on the 13th that it has produced a video containing the key contents of the "Draft Sustainability Disclosure Standards." The video is based on the announcement made by the Korea Sustainability Standards Board (KSSB), under the Korea Accounting Standards Board, on the 30th of last month.

Last year, the European Union (EU) finalized its Corporate Sustainability Reporting Directive and standards. This year, the U.S. Securities and Exchange Commission (SEC) also finalized its climate disclosure rules, prompting South Korea to actively pursue the institutionalization of disclosure standards in line with international trends.

This video was created to help corporate practitioners understand the content and enable companies to provide feedback during the consultation process. The video is available on the Sam-il PwC YouTube channel. Educational materials can be found on Sam-il PwC’s ESG integrated information platform, 'Sam-ilESG.com.'

The video includes the three considerations KSSB took into account when drafting the public draft, the basic disclosure framework, and key contents of the mandatory disclosure items: ‘General Matters for Disclosure of Sustainability-Related Financial Information (No. 1)’ and ‘Climate-Related Disclosures (No. 2).’ It also covers the optional corporate disclosure item, ‘Additional Disclosures Considering Policy Objectives (No. 101).’

Steven Kang, Leader (Vice President) of Sam-il PwC’s Sustainability Platform, stated, “Although some challenges remain regarding the timing of implementation, once the disclosure standards are finalized, significant changes are expected in the domestic industry and capital markets. Moving forward, Sam-il PwC’s Sustainability Platform will focus not only on helping domestic companies comply with disclosure regulations but also on providing advanced professional services that address sustainability-related risks and create new value.”

This content was produced with the assistance of AI translation services.