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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
| Sept. 2006 | Launched externally-managed RI funds for domestic equities |
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| 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
- 2023 Responsible Investment&Governance Report
※ The 2023 Responsible Investment & Governance Report is also available on the Annual Reports section on the NPSIM’s website.
- 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.