홍콩의 ESG 공시 제도 - 한국에 대한 시사점 -

This paper provides a profound analysis of Hong Kong’s Environmental, Social, and Governance (ESG) disclosure legislation, offering essential insights for the advancement of South Korea's ESG framework. The study begins with an extensive overview of Hong Kong's ESG initiatives, thoroughly examining the ESG disclosure requirements under the 2030+ Climate Action Plan and Corporate Governance Code. Additionally, it delves deeply into the roles played by the Hong Kong Stock Exchange (HKEX) and the Securities and Futures Commission (SFC) in imposing and supervising ESG disclosure obligations, emphasizing the significance of board-level responsibility and stakeholder engagement in effective corporate governance. The paper analyzes the strategic implications and operational effectiveness of Hong Kong’s approach to ESG management, sustainable corporate governance, and operational strategies. It discusses how these practices contribute to shaping a sustainable business environment and enhancing corporate transparency. The challenges and successes of Hong Kong's approach provide a critical evaluation of its ESG disclosure model. By comparing this with the current ESG framework in South Korea, the paper describes a multifaceted perspective that includes potential paths and strategies for South Korea to strengthen its ESG framework, as well as the complexities, regulatory challenges, stakeholder expectations, and the evolution of global standards in sustainable business practices. Through this analysis of Hong Kong’s methods of ESG management, sustainable corporate governance, operational strategies, and its ESG framework, the paper aims to offer insights into various issues that may arise in South Korea regarding ESG disclosure.