New Framework For Corporate Sustainability Reporting Expertise Announced

Overview

• The purpose of the Public Oversight Accounting and Auditing Standards Authority resolution ("Board Resolution") is to set out the principles and procedures regarding the establishment and development of "green-collar" personnel capacity within enterprises, organizations providing reporting-related services, and other entities, in order to enhance the quality and reliability of corporate sustainability reports. ("Report")
• The scope covers the collection and evaluation of information obtained from departments such as finance, accounting, risk management, and environment and its compilation into a Report, as well as the training, licensing ("License"), and supervision processes of Corporate Sustainability Reporting Experts ("Expert"), including the granting, suspension, and revocation of such licenses.