Korea Investment Corporation

Korea Investment Corporation has a responsible investment policy where it describes its approach on sustainability themes and impact topics with clients and investees and which includes how the engagement policy is applied in practice.

No leading practices were identified for Korea Investment Corporation in the respecting planetary boundaries measurement area.

No leading practices were identified for Korea Investment Corporation in the adhering to societal conventions measurement area.

In terms of its approach to senior leadership accountability, Korea Investment Corporation could link the remuneration of its executive and management teams to sustainability performance criteria. Furthermore, Korea Investment Corporation has an opportunity to show how it is committed to gender equality and women’s empowerment, disclose the proportion of women in senior leadership roles and disclose how it addresses any gender pay gaps. Korea Investment Corporation could include clear frameworks with success criteria and escalation points in its engagement policy. Moreover, it could publish case studies describing where it has engaged successfully and unsuccessfully with clients on sustainability themes and impact topics.

Korea Investment Corporation has an opportunity to disclose a target to reach net-zero financed emissions by 2050 and the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. It could disclose the amount of finance it devotes to climate solutions in an aggregated way. Korea Investment Corporation could also align its climate solutions (green and sustainable bond) with internationally recognised frameworks and disclose time-bound targets explicitly for its climate solutions. Regarding nature and biodiversity, it could demonstrate how it is committed to minimising its negative impacts or financing regenerative solutions.

Korea Investment Corporation could provide a publicly available policy statement in English committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. It also has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. Korea Investment Corporation has an opportunity to establish a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns. Furthermore, it has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender and another indicator of diversity. To provide transparency on financial inclusivity, it could disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.