National Pension Service
The National Pension Service (NPS), headquartered in South Korea (KR), is a leading institution in the pension fund industry, established in 1988. With a focus on providing financial security for retirees, NPS operates primarily across South Korea, managing a vast portfolio of assets that positions it as one of the largest pension funds globally. NPS offers a range of services, including retirement pensions, disability pensions, and survivor benefits, distinguished by its commitment to sustainable investment practices. Over the years, the organisation has achieved significant milestones, including the implementation of innovative investment strategies that enhance its market position. Recognised for its robust governance and transparency, NPS continues to play a pivotal role in shaping the future of pension services in South Korea and beyond.
DitchCarbon Score
How does National Pension Service's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
National Pension Service's score of 25 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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National Pension Service's reported carbon emissions
In 2023, the National Pension Service (NPS) reported total carbon emissions of approximately 11,423,000 kg CO2e. This figure includes about 1,464,000 kg CO2e from Scope 1 emissions and around 9,959,000 kg CO2e from Scope 2 emissions. Compared to 2022, when total emissions were about 10,832,000 kg CO2e, this represents an increase in emissions, with Scope 1 and Scope 2 emissions for that year being approximately 1,463,000 kg CO2e and 9,369,000 kg CO2e, respectively. Over the past few years, NPS has shown a trend of increasing emissions, with 2021 emissions recorded at about 9,732,000 kg CO2e, comprising approximately 1,424,000 kg CO2e from Scope 1 and 8,309,000 kg CO2e from Scope 2. In 2020, total emissions were about 10,217,000 kg CO2e, and in 2019, they were approximately 10,592,000 kg CO2e. Currently, NPS has not set any specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The organisation does not disclose any Scope 3 emissions data, which typically includes indirect emissions from the value chain. NPS's emissions data is not cascaded from any parent organisation, indicating that the reported figures are solely from its own operations. As a significant institutional investor, NPS's climate commitments and emissions management will be crucial in aligning with global climate goals and enhancing its sustainability profile.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,904,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,688,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
National Pension Service is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
