National Pension Service Sustainability Profile
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 66% 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, NPS has seen an increase in emissions, with Scope 1 and Scope 2 emissions also rising slightly from 1,463,000 kg CO2e and 9,369,000 kg CO2e, respectively. Over the past few years, NPS has demonstrated a commitment to monitoring and reporting its carbon footprint, although it has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data indicates a potential area for future focus, as these emissions often represent a significant portion of an organisation's overall carbon footprint. NPS's emissions data is not cascaded from any parent organisation, indicating that the reported figures are solely from its own operations. The organisation continues to engage in climate-related reporting, reflecting its awareness of the importance of sustainability in the financial sector.
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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 | - | - | - | - | - |
How Carbon Intensive is National Pension Service's Industry?
How Carbon Intensive is National Pension Service's Location?
National Pension Service's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
National Pension Service has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
