National Pension Service Leads the Way in ESG Management

[Asia Economy Reporter Park So-yeon] The National Pension Service announced on the 27th that it held an 'ESG Management Proclamation Ceremony' to reaffirm its commitment to practicing ESG (Environmental, Social, Governance) management.

At the proclamation ceremony, the chairman, executives, and heads of major departments attended to adopt the ESG management declaration and announce the ESG management strategy framework.

They set the ESG management vision as 'Creating a world (S) where Nature (N) and People (P) are happy together,' and presented four major directions: ▲ Contributing to overcoming the climate crisis (E) ▲ Active practice of social responsibility (S) ▲ Transparent system operation based on public participation (G) ▲ Leading the spread of ESG through fund investment (F).

On the environmental (E) front, the organization plans to actively participate in the government's Carbon Neutrality 2050 policy by faithfully implementing the greenhouse gas target management system and promoting the 1.1.1. project for improving the environment in daily life.

In the social (S) sector, it pledged to realize social responsibility by resolving blind spots in the National Pension through support projects for pension premiums for low-income groups and by promoting psychological support linkage services for pension recipients.

Regarding governance (G), transparent management will be practiced through the publication of a sustainability management report and disclosure of management-related information on the website, while in the fund investment (F) area, plans are to activate responsible investment and strengthen transparency in fund management.

To ensure smooth implementation of the ESG management plan, the Service appointed private experts as members of the 'NPS ESG Management Committee' and also established its own evaluation criteria to diagnose and assess ESG promotion performance and levels.

Chairman Kim Yong-jin stated, "We recognize that ESG management is a key element for the sustainable development of the Service and will accelerate the practice of ESG management. Going forward, the Service will play a leading role to ensure the successful establishment of ESG management, including environmental management practicing eco-friendly living, transparent institution operation as a central role in social security, and spreading ESG as a global pension fund investment institution."

This content was produced with the assistance of AI translation services.