Amendments to National Pension Act, 2015

South Korea Current 2015

The National Pension Act states that the National Pension Scheme should contribute to stabilization of livelihoods and promotion of national welfare by providing pension benefits in case of old-age, disability or death. The amendments require the National Pension Fund to consider Environmental, Social, Corporate Governance (ESG) factors before determining investments to secure long-term earnings.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Large listed companies

Issuer type

Ministry of Health and Welfare

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners