Korea Investment Corporation

The financial institution discloses its operational details by country. However, no leading practices were identified for the financial institution with regards to Strategy, governance and stewardship, Financing Climate and Nature protection and restoration and Environmental footprints.

The financial institution has the opportunity to disclose its methodology for determining a living wage in its operational regions and to include anti-bribery and anti-corruption clauses in its contracts with business relationships. It could link performance criteria for remuneration at the senior executive level to specific sustainability targets and disclose a comprehensive list of trade associations of which it is a member. Although the institution discloses that it does not provide products, services, or capital to some fossil fuel projects or some clients and investees undertaking such projects, it does not refer to all fossil fuels. Furthermore, it has an opportunity to disclose that it has established a transition plan covering its own operations, supply chain and portfolio.

It is recommended that the institution disclose the breakdown of clients or beneficiaries by income group and clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Its risk assessment process should incorporate risks related to ILO fundamental rights at work for those affected by its products and services, with a mitigation process for identified risks. Moreover, the institution could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.