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.
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.
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.
National Pension Service's score of 25 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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, NPS has seen an increase in emissions, primarily driven by a rise in Scope 2 emissions, which were approximately 9,369,000 kg CO2e that year. Over the past few years, NPS has demonstrated a commitment to monitoring and reporting its carbon footprint, with emissions data disclosed for both Scope 1 and Scope 2. However, there are currently no reported Scope 3 emissions. The organisation has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future development in their climate strategy. NPS's emissions data is not cascaded from any parent organisation, and all reported figures are derived directly from their own disclosures. The organisation continues to focus on transparency in its emissions reporting, as evidenced by the availability of detailed emissions reports.
Access structured emissions data, company-specific emission factors, and source documents
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 | - | - | - | - | - |
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.