Client Connect July 2022

Client Connect

K-REACH Get Prepared for the second batch of substances 100-1,000 t/a

At the end of 2021, first round of registration for existing chemicals above 1,000 ton was completed. With that milestone completed, now is the time to share practices and discuss next steps to help prepare for the second batch of registrations (100-1,000 t/a). In this webinar, stewardship experts, Joyce Chen and Dr. Miyun Kwon discussed the latest updates on K - REACH, challenges, best practices, and next steps. This session was moderated by our Country managing partner in Korea, Mark Watson.

Agenda

• Opening: Company introduction by ERM

• Overview & Update of K-REACH regulation

• Case studies

• Discussion and Q&A

Webinar recording is available at ERM APAC YouTube channel.

What's next for sustainable business in the technology sector?

In this follow up to our most recent edition of the annual Sustainability Trends Report, we explore the sustainability issues and trends shaping the business agenda in 2022 from the perspective of the technology sector. The supplement focuses on the five environmental, social, and governance (ESG) related trends we anticipate will most impact the industry:

1. Technology’s climate impact

2. Supply chain sustainability

3. The circularity gap

4. Nature-related impacts

5. Digital ethics

Learn more about these five sustainability trends, their relevance to the technology sector, and what companies might expect to result from the trend as the decade advances.

What's Next for Sustainable Business? 2022 Sustainability Trends Report

The 2022 trends refer frequently to pandemic-related impacts, including how COVID-19 continues to shape the workplace as well as its impacts on supply chain disruption and human rights. But as much as possible this report focuses on the sustainability long game, exploring key trends and how they are helping – and demanding! – the corporate world to focus attention on sustainable development challenges even while the world navigates

The 2022 trends refer frequently to pandemic-related impacts, including how COVID-19 continues to shape the workplace as well as its impacts on supply chain disruption and human rights. But as much as possible this report focuses on the sustainability long game, exploring key trends and how they are helping – and demanding! – the corporate world to focus attention on sustainable development challenges even while the world navigates COVID-19 and works to a better future where the virus is under control.

Another topic as prevalent in this year’s report as last is ambition and action around net zero. Likewise, we continue to refer to the ongoing integration of ESG into investor strategies, including the vocal debate that occurred in 2021 around whether ESG is merely a smokescreen that businesses might use to distract from a lack of real progress on critical societal issues. Finally, while we comment on welcome advances in the realm of protecting the natural world, including its link to climate action, we also highlight biodiversity threats like the fact that deforestation in the Amazon is at its highest rate ever, and we suggest that companies need to act with more urgency, commitment, and intent.

We hope you enjoy the report, and we welcome any feedback you might provide on our perceptions of these trends as a means to sharpen our own understanding of these complex topics.

New report helps companies and investors make sense of proposed climate disclosure standards

A new report “The Evolution of Sustainability Disclosure” released by the Sustainability Institute by ERM (ERM) and Persefoni reveals that there is substantial convergence among new climate-related disclosure frameworks, namely the proposed rules developed by the Securities and Exchange Commission (SEC) in the U.S., the European Financial Reporting Advisory Group (EFRAG) in the EU, and the International Financial Reporting Standards Foundation’s (IFRS) International Sustainability Standards Board (ISSB). Noting this convergence, the report also points to significant opportunity for greater harmonization, which would increase the comparability and potentially the quality of climate-related disclosure.

The report reveals several key takeaways, including:

• The evolving guidance from the SEC, EFRAG, and IFRS builds on 20+ years of continuous improvement in the field

• Companies should focus on the Task Force on Climate-Related Financial Disclosures (TCFD) framework to help them to evaluate their climate-related financial risks and opportunities and guide current reporting

• More companies will disclose emissions (Scope 1, 2, and 3)

• Commenting on the proposals

Read full report

[Global offshore wind capacity nearly doubles in 2021

Against a backdrop of renewed focus on energy security and the transition to lowcarbon energies, new research from The Renewables Consulting Group (RCG), an ERM Group company, finds that global offshore wind development capacity grew 89% in 2021. More than 200 GW of new offshore wind projects were announced in both established markets, such as the United Kingdom and Netherlands, and new markets, such as Italy and Australia.

Commenting on the Global Offshore Wind: Annual Market Report, Andrew Cole, RCG Partner and Global Practice Lead, said: "The findings contained in this year's Offshore Wind Global Market Report clearly demonstrate the importance of offshore wind on a global scale. Several leasing opportunities have culminated in developers securing routes-to- market – bolstering marketplace confidence amongst governments, institutions, investors and developers. With offshore wind continuing to emerge in new markets, it is clear that many decision- makers envision offshore wind is as the key fulcrum in their low-carbon energy ambitions.”

RCG’s full analysis and forecasts can be viewed in its Global Offshore Wind: Annual Market Report.

ERM Korea

At ERM, sustainability is our business. As the largest global pure play sustainability consultancy, ERM partners with the world’s leading organizations, creating innovative solutions to sustainability challenges and unlocking commercial opportunities that meet the needs of today while preserving opportunity for future generations.

ERM’s diverse team of 7,000+ world-class experts in over 170 offices in more than 40 countries supports clients across the breadth of their organizations to operationalize sustainability. Through ERM’s deep technical expertise, clients are well positioned to address their environmental, health, safety, risk, and social issues.

ERM Korea has been supporting clients in Korea since the 1999, establishing offices in Seoul. ERM Korea’s clients include many Korean major conglomerates, international corporations and government agencies. We offer local implementation of ERM’s global skills, as well as expert analysis and advice on the material sustainability and ESG issues faced in today’s business environment.

ERM Korea

12/F, Samhwa Tower, 16, Eulji-ro 5-gil, Jung-Gu, Seoul 04539, Republic of Korea

E-mail: ERM.KoreaConnect@erm.com Website: https://www.erm.com/ Read our Sustainability Report and ERM Foundation Annual Review

© Copyright 2023 by ERM Worldwide Group Limited and/or its affiliates (‘ERM’). All Rights Reserved. No part of this work may be reproduced or transmitted in any form or by any means, without prior written permission of ERM. If you do not wish to receive information from us, please contact us at ERM.KoreaConnect@erm.com.

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