NPS keeps targeting fossil fuels despite ESG aims
The Korean state pension fund is pursuing a seemingly muddled strategy, investing in fossil fuel projects even as it says it will implement environmental, social and governance efforts.
Korea’s National Pension Service (NPS) is seeking out attractive opportunities in fossil fuel-related investments at the same time as it pursues responsible investing in publicly listed assets according to environmental, social and governance (ESG) criteria.
By simultaneously pursuing such seemingly contradictory goals, Korea’s largest state pension fund risks opening itself up to accusations that it’s not sufficiently dedicated to pursuing ESG principles.
NPS, which had assets …
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