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Korea Electric Power Corporation (KEPCO/Hanjeon)

Korea Electric Power Corporation (KEPCO/Hanjeon) is a publicly listed (51.1% owned by government) electricity company headquartered in the Republic of Korea. In 2019, its revenue was US$51.24 billion and installed capacity was 83.67 GW. It has 30 local entities and affiliates outside the Republic of Korea. KEPCO's focus is on regulatory compliance rather than the low-carbon transition.

Ranking position
#39/50
Performance score
5.3 /20
Narrative Score
E
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 / 4.0 #26

Material Investment

1.4 / 7.0 #38

Intangible Investment

0.0 / 2.0 #19

Management

1.0 / 4.0 #29

Policy Engagement

0.8 / 1.0 #3

Business Model

1.0 / 2.0 #29
Total 5.3 / 20 #39

Leading practices

No leading practices were identified for this company.

Risk and opportunities

Trend

KEPCO is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. The company’s emissions intensity is projected to continue falling behind on its low-carbon pathway in the short term. In addition, locked-in emissions from current and planned assets strongly exceed the company’s low-carbon budget for absolute emissions, and no commitment has been made to phase out fossil fuel use. The company does not have an emissions reduction target in place to bring the projections in line with the decarbonisation needed. While KEPCO does have a target to increase its renewable capacity to 5.8 GW (approximately 7% of 2018 generation capacity) by 2030 and is making small investments in immature technologies like carbon capture and storage, neither action will be sufficient to counteract the company’s high emissions trends.

Progress towards the Paris Agreement

More about the company

Headquarters
Naju-si, Republic of Korea
Ownership structure
Publicly listed, with 51.1% owned by the government of the Republic of Korea
Group revenue
US$51.24 billion (2019)
Installed capacity
83.67 GW (2019)
Website
https://home.kepco.co.kr/kepco/EN/main.do