As the significance of natural capital disclosure increases alongside climate reporting, a public-private forum has been established to enhance the response capabilities of South Korean companies.
The Ministry of Climate, Energy and Environment and the Korea Chamber of Commerce and Industry held the "Fourth Natural Capital Disclosure Forum" on July 7 at COEX in Seoul. About 150 participants, including representatives from domestic and international companies and academic experts, discussed trends in the introduction of global disclosure standards and strategic responses for businesses.
Natural capital disclosure is a system that allows companies to financially assess risks and opportunities related to nature, such as ecosystem degradation, arising from their business activities, and to publicly disclose their response strategies. It has become a key management task that goes beyond simple environmental protection efforts to demonstrate corporate sustainability.
The forum featured international experts in natural capital disclosure, including representatives from the Confederation of Indian Industry and the UK Environment Agency, who shared insights on global trends and response strategies.
Domestic examples included Samsung Electronics' experience with biodiversity disclosure and SK Securities' investment strategies and analysis from a financial institution's perspective regarding natural capital.
Kim Han-seung, First Vice Minister of the Ministry of Climate, Energy and Environment, stated, "Global investors are already considering natural capital disclosure as an important investment criterion. We will support our companies in establishing proactive response systems and strive to expand practical investments for biodiversity conservation."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.