Company Climate Risk
Comprehensive climate risk intelligence for informed decision-making
South Korea
Mandatory from 2026K-IFRS Sustainability Disclosure Standards (KSSB)
South Korea's K-IFRS Sustainability Disclosure Standards (KSSB) introduce mandatory climate-related financial disclosures aligned with ISSB S1 and S2. From FY2026, large KOSPI-listed companies must report on governance, strategy, risk management, and metrics, including financed emissions for financial institutions. The framework addresses transition risks (policy shifts, carbon neutrality), physical risks (typhoons, flooding), and climate-related opportunities.
Key Requirements
- •Governance, strategy, and risk management disclosures aligned with ISSB S2
- •Transition and physical climate risk disclosures across multiple time horizons
- •GHG emissions reporting (Scopes 1, 2, and 3); Scope 3 Category 15 financed emissions required for financial institutions, referencing PCAF
- •Scenario analysis aligned with NGFS and Korea's 2050 Carbon Neutrality Roadmap
- •Additional disclosures: exposure to Korean ETS and supply-chain localisation
- •Climate-related opportunities (green innovation, low-carbon technologies)
- •Initial limited assurance, moving to reasonable assurance by FY2029
Implementation Timeline
Report Timing
Annual, aligned to calendar year; climate disclosures included within business/annual reports submitted to FSC and Korea Exchange.
Compliance Status
Mandatory from 2026Track your progress towards meeting the requirements and deadlines for this regulation.