Korea Electric Power Corporation (KEPCO)

InfluenceMap Score
C-
Performance Band
61%
Organisation Score
45%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Utilities
Head​quarters:
Naju, South Korea

Climate Lobbying Overview: Korea Electric Power Corporation (KEPCO) appears broadly supportive of climate action and the energy transition, and has engaged positively with various strands of climate policy in South Korea including emissions trading, energy efficiency and renewable energy legislation. However, it is unclear from KEPCO’s top-line messaging and communications on coal if the company is supportive of action on climate change at a scale and pace consistent with the Paris Agreement.

Top-line Messaging on Climate Policy: KEPCO has expressed some support for climate action in its top-line messaging, but lacks detail regarding the level of ambition required on a global scale. In its 2020 Sustainability Report, KEPCO acknowledged the climate crisis and the need to reduce global GHG emissions. However, the company did not appear to take a clear position on the Paris Agreement or the need to limit global temperature increases to 1.5°C or 2°C in line with IPCC guidance. In the same report, KEPCO appeared to support the achievement of national policy goals related to climate change.

Engagement with Climate-related Regulations: KEPCO has disclosed limited information on its climate policy positions in its corporate reporting in 2019-20. The company appears to express support for the achievement of South Korea’s federal renewable energy target and GHG target in its 2019 and 2020 Sustainability Reports, respectively.

KEPCO has disclosed further details on its climate policy engagement in its CDP responses. In its 2020 CDP response, KEPCO support for South Korea’s national emissions trading system (ETS), although the company’s CDP responses from 2017-19 show that the company also lobbied for “realistic and effective” emission allocations under the ETS. KEPCO’s 2020 CDP response also discloses the company’s support for several national climate policies in South Korea including Energy Efficiency Resource Standards, stronger energy efficiency policies for new large-scale buildings, and the government’s “Renewable 3020” policy to produce 20% of energy from renewable sources by 2030.

Positioning on Energy Transition: In 2020, KEPCO President and CEO, Jong-Kap Kim, stated the company’s commitment to play a leading role in the energy transition. KEPCO’s 2020 Sustainability Report further stated support for the decarbonization of the electric power industry and the development of green hydrogen production. On its corporate website, accessed in February 2021, the company also supported the role of renewable energy to meet national policy targets for the energy transition in South Korea.

In 2018, KEPCO were quoted in several media reports from Australia and the Philippines emphasizing the importance of coal to energy security in South Korea in support of new coal projects. However, in its 2020 Sustainability Report, the company appears to support a reduction of coal-fired power generation in the energy mix, although with some ambiguity around the pace and extent of this transition.

Industry Association Governance: KEPCO has disclosed a list of its memberships to industry associations, but with no further details of the company's role within each organization, nor its influence over their climate change policy positions. KEPCO has not published a review of its industry associations’ alignment on climate change policy.

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures EU Register
Communication of Climate Science
1 NS NS NS NS 2 NS NA
Alignment with IPCC on Climate Action
0 NS NA NS NS NS NS NA
Supporting the Need for Regulations
1 NS NS NS NS NS NS NA
Support of UN Climate Process
0 NS NS NS NS 1 NS NA
Transparency on Legislation
-1 NA 1 NA NA NA NS NA
Carbon Tax
NS NS NS NS NS NS NS NA
Emissions Trading
0 NS 1 NS -1 NS NS NA
Energy and Resource Efficiency
NS NS 1 NS NS NS NS NA
Renewable Energy
1 NS 2 NS NS NS 0 NA
Energy Transition & Zero Carbon Technologies
0 NS NS NS -2 1 NS NA
GHG Emission Regulation
0 NS NS NS NS 1 0 NA
Disclosure on Relationships
0 NS -2 NA NA NA NS NA
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
45%
 
45%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.