18/03/2024 - Representatives of EFRAG, the Korea Sustainability Standards Board (KSSB) and the Financial Services Commission (FSC) meet in Brussels
On 12 March 2024, EFRAG representatives had the pleasure to welcome delegates from Korea Sustainability Standards Board (KSSB) and Financial Services Commission (FSC) in EFRAG offices, Brussels and discussed the developments of sustainability reporting disclosures across different jurisdictions.
Download the press release.
During the meeting, participants provided updates on their respective activities and engaged in discussions on topics of mutual interest. These included the development of KSSB standards, Korea's disclosure system, Korean stakeholders' opinions, and challenges in implementing ESRS, as well as academic perspectives on the usefulness of ESG performance information in the Korean market. EFRAG representatives provided an update on the current status of ESRS for EU and non-EU companies and future standard setting plans, implementation guidance, Q&As, and interoperability with other international and jurisdictional sustainability standards.
Both parties shared engaging discussions about the challenges in sustainability disclosures, reaffirming their shared commitment to addressing these pivotal issues.
The EFRAG delegation consisted of:
- Patrick de Cambourg, EFRAG SRB Chair
- Chiara Del Prete, EFRAG SR TEG Chair
- Pedro Santiago Faria EFRAG Environmental Leader
- Gemma Sanchez-Danes EFRAG Social Leader
- Fredré Ferreira EFRAG Governance Leader
- Kristian Koktvedgaard, EFRAG SRB member, Danish representative
- Simon Braaksma, EFRAG SRB member, Netherlands representative
- Eric Duvaud, EFRAG SR TEG member, French liaison
- Christoph Töpfer, EFRAG SR TEG member, Environmental expert
- Sigurt Vitols, EFRAG SR TEG member, Trade Unions
The Korean delegation included:
- Han Yi, Chair of KSSB
- Woung Hee Lee, Vice Chair of KSSB
- Bok Baik, KSSB members, Professor at Seoul National University
- Hye-Sung Kim, KSSB members, Attorney at Kim & Chang Law firm
- Kwangil Kim, Director of the Fair Market Division of the Financial Services Commission
- Nayoung Yoon, International Engagement Team Lead of KSSB
- Eugene Lee, Technical Manager of KSSB
EFRAG eagerly anticipates engaging in further enriching discussions during the upcoming April IFASS meeting hosted by Korea, to be chaired by Chiara Del Prete, EFRAG SR TEG Chair. As we reflect on the fruitful exchanges and meaningful connections established, we are committed to sustaining our collaborative efforts in driving forward the landscape of sustainability disclosures.
Download the press release.
