RI Activities

content

Overview

As a responsible investor, the NPS upholds its fiduciary duty to act in the best interest of contributors and beneficiaries. Accordingly, the NPS undertakes stewardship activities, such as responsible investment and the exercise of shareholder rights, to maximize long-run, stable returns.

Milestones of RI Activities

Milestones of RI Activities
Sept. 2006 Launched externally-managed RI funds for domestic equities
Sept. 2009 Became a signatory to PRI (Principles for Responsible Investment)
Jun. 2015 Developed a plan to promote shareholder engagement on dividend policies for domestic equities
Nov. 2015 Established an ESG Evaluation System for domestic equities
Apr. 2016 Added provisions relating to responsible investment to the Guideline for National Pension Fund Management
Dec. 2016 Formulated an ESG System for domestic equities
Jul. 2017 Established an Evaluation System on ESG Controversial Issues for domestic equities
Sept. 2017 Initiated ESG integration into decision-making process for internally managed domestic equities
Jul. 2018 Adopted its Responsible Investment & Governance Principles (Stewardship Code)
Established a Guideline for Responsible Investment & Governance
Jan. 2019 Established a Guideline for Stewardship Activities for Domestic Equities
Feb. 2019 Decided on the disclosure criteria of voting directions prior to shareholder meetings for domestic equities
Nov. 2019 Developed a plan to facilitate responsible investment
Added ‘Sustainability’ on the Investment Principles
Dec. 2019 Developed a Guideline for Active Ownership for Domestic Equities
Jul. 2020 Amended the Guideline for Stewardship Activities for Domestic Equities
Sept. 2020 Enhanced a materiality assessment process and its assessment standards for domestic equities
Nov. 2020 Developed a Guideline for ESG Integration Strategies for Domestic Equities
May. 2021 Adopted negative screening
Added investment restriction provisions to the Guideline for National Pension Fund Management
Declared coal-free investment
Enhanced an ESG evaluation system for domestic equities
Established an ESG evaluation system for domestic fixed income
Jun. 2021 Developed the Guideline for ESG Integration Strategies for internally managed domestic fixed income
Dec. 2021 Issued the Guideline for Responsible Investment on Composition and Operation of Boards of Directors, etc.
Developed ways to incorporate Responsible Investment factors in the selection and monitoring of external managers for domestic/foreign equities and fixed income
Feb. 2022 Amended the Guideline for Stewardship Activities
Expanded the application range of the exercise of voting rights associated with overseas equities
Mar. 2022 Implemented e-voting in the exercise of voting rights associated with domestic equities
Jun. 2022 Became a member of the IFRS Sustainability Alliance (previously SASB Alliance)
Included the issuance of Responsible Investment report as an evaluation factor in the securities firm selection process.
Mar. 2023 Increased points for responsible investment factors in the securities firm selection process
Amended the Guideline for Responsible Investment & Governance, Added environmental and social factors to Focus Areas
Apr. 2023 Developed the Guideline for ESG Integration Strategies for internally managed global equities and global fixed income
Dec. 2023 Established a Governance Advisory Committee

Latest Report

- 2022 Responsible Investment&Governance Report

※ The 2022 Responsible Investment & Governance Report is included as an annex to the 2022 NPF Annual Report and available on the Annual Reports section on the NPSIM’s website.

- 2021 Responsible Investment&Governance Report

※ The 2021 Responsible Investment & Governance Report is included as an annex to the 2021 NPF Annual Report and available on the Annual Reports section on the NPSIM’s website.

- 2020 Responsible Investment&Governance Report

※ The 2020 Responsible Investment & Governance Report is included as an annex to the 2020 NPF Annual Report and available on the Annual Reports section on the NPSIM’s website.