In a recent meeting about the future of the Indo-Pacific Economic Framework (IPEF), South Korea’s trade ministry resolved to enhance environmental, social and governance (ESG) standards for its domestic corporations.

IPEF member states have been consistently looking at the possibility of harmonizing ESG disclosure standards. And while the endeavor is ambitious, South Korea is uniquely positioned to lead IPEF in charting the course for this ESG disclosure agenda.

CHALLENGES TO ESG DISCLOSURE HARMONIZATION

IPEF is an economic powerhouse, even while still in its negotiation phase. Its members include Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the ROK, Malaysia, New Zealand,