
South Korea will require listed companies holding just 1% of treasury shares to disclose their holdings and plans twice a year, with stricter penalties for violations, under new rules effective June 30.
South Korea will overhaul operating profit classification in financial statements from 2027, requiring insurers to disclose deviations from standard lapse rate models, as part of new accounting standards aimed at enhancing transparency and investor protection.
South Korea's financial regulator tightens disclosure rules for new listings from July to prevent incidents like the Pado case, requiring additional quarterly reports and earlier disclosure of convertible bond issuances.
Green finance fighting greenwashing
Making money green: Australia takes its first steps towards a net zero finance strategy
"From July 1 2024, large Australian companies and financial institutions will have to disclose information about the impacts of climate on their business, the risks climate change poses to their operations, and how they plan to decarbonise. Successive Australian governments have been slow to grasp this reality, and we are now playing catch-up with many other countries. Australia’s financial system must urgently transform itself to meet the climate challenge."
Mandatory climate-related financial disclosures for Australian companies explained
https://www.climateworkscentre.org/news/mandatory-climate-related-financial-disclosures-for-australian-companies-explained/
Company directors could be held liable and fined over unforeseen nature-related impacts and risks
https://www.theguardian.com/environment/2023/nov/02/company-directors-could-be-held-liable-and-fined-over-unforeseen-nature-related-impacts-and-risks
#greenwashing #market #finance #decarbonise #climate #DisclosureRequirements #liability #CorporationsAct #law #ParisAgreementClimateAgreement #UNSustainableDevelopmentGoals #ForestryCorporation #NSWLogging #ClimateExtremes #nature #care