Sovereign Wealth Fund KIC Joins UN Responsible Investment Network

[Asia Economy Reporter So-yeon Park] The sovereign wealth fund Korea Investment Corporation (KIC) announced that it has joined the UN PRI (Principles for Responsible Investment) to strengthen its ESG (Environmental, Social, and Governance)-based investment capabilities and international cooperation.

On the 1st, KIC officially announced its PRI membership and stated its plan to faithfully adhere to the "six principles of responsible investment" as a signatory institution, and to establish itself as a global leader in responsible investment through close cooperation with over 5,100 signatory organizations worldwide.

KIC's PRI membership was realized after David Atkin, PRI CEO, visited KIC headquarters last October and both parties agreed to mutually cooperate to promote KIC's membership.

It is the second domestic public investor to join, following the National Pension Service.

Jin Seung-ho, CEO of KIC, said, "KIC has continuously strengthened its foundation for responsible investment by establishing stewardship principles, building an ESG integration system across investment assets, and developing climate change response models," adding, "Through joining the world's largest responsible investment network, we aim to create an opportunity to advance as a global leading responsible investment institution."

PRI is the world's largest responsible investment network established in 2006 under the leadership of the UN, formed by global institutional investors to promote ESG investment. Currently, more than 5,000 institutions are members, with total assets under management of approximately $121 trillion (KRW 17,400 trillion). PRI provides investor capacity building and network expansion through workshops on various ESG-related topics, opportunities for collaborative shareholder engagement activities, and practical guides for responsible investment.

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