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Korea Electric Power Corporation (KEPCO/Hanjeon)

Korea Electric Power Corporation (KEPCO/Hanjeon) is a majority state owned company headquartered in Naju-si, Republic of Korea (South Korea). In 2020, its revenue was USD 49.6 billion and installed capacity was 84 GW. KEPCO/Hanjeon aims to reduce its emissions by 47 million tCO2 compared to business-as-usual (BAU) by 2030 and to increase its total renewable generation capacity to 41.2 GW, including subsidies. KEPCO/Hanjeon does not have a coal phase-out date.

Ranking position
#46/50
Total score
8.8/100
Performance score
3.7/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

#1 0.0 / 4 #35

Material Investment

#1 0.8 / 7 #39

Intangible Investment

#1 0.0 / 2 #20

Management

#1 1.4 / 4 #32

Policy Engagement

#1 0.7 / 1 #8

Business Model

#1 0.8 / 2 #27

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

KEPCO/Hanjeon receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The rate at which KEPCO/Hanjeon’s future scope 1 and 2 emissions intensity is projected to decrease between 2021 and 2025 should be about three times higher to align with its 1.5°C pathway. Without the phase-out of coal before 2035, or targets to do so, KEPCO/Hanjeon will further deviate from its 1.5°C pathway. KEPCO/Hanjeon plans to expand its renewables capacity and invest in EV and smart grid infrastructure. But it lacks focus on carbon abatement, required if KEPCO/Hanjeon aims to continue using fossil fuels.

Progress towards the Paris Agreement

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
Naju-si, Republic of Korea
Group revenue (2020)
USD 49.6 billion
Ownership
Publicly listed, with 57.53% owned by the government of the Republic of Korea
Installed capacity (2020)
83.9 GW
Website
https://www.kepco.co.kr

This company is part of the SDG2000, the 2.000 most influential companies

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