National Pension Service to review divestments from firms using coal
Posted : 2021-04-28 15:56
Updated : 2021-04-28 17:59
Environmental activists hold a rally in front of the National Pension Service Investment Management headquarters in Jeonju, North Jeolla Province, April 20, to urge the state pension fund to stop its investments in coal-related industries. Yonhap
KEPCO, OCI, GS, Kumho Petrochemical, LG International face concerns
By Park Jae-hyuk
The National Pension Service (NPS) will discuss divesting from companies mining coal and those generating electricity from it, during its forthcoming Fund Management Committee meeting, according to sources and media reports, Wednesday.
The decision was made after the state pension fund s Special Committee on Responsible Investment & Governance held talks recently on the introduction of negative screening, which refers to the intentional exclusion of controversial firms from investment portfolios.