"Greenpeace to file constitutional petition demanding climate-related disclosures by firms," 20 Sept 2023

Greenpeace, a non-governmental environmental organization, said [...] it will file a constitutional petition urging the adoption of a system that requires listed companies to disclose information on their response to climate change.

[...] A growing number of nations are moving for rule changes that would require listed companies to include information about climate-related risks, strategies and business projections in their regulatory disclosures so as to provide investors with useful investment information in the face of worsening global climate change.

[...] Greenpeace claimed the absence of climate-related disclosure requirements in South Korea's capital markets act governing listed companies' business disclosure statements creates information asymmetry between investors and companies, and infringes people's environmental rights as well as investors' property rights.

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