Established in 1987, the National Pension Service ("NPS") is a public pension fund seeking to enhance social stability and welfare in South Korea. As at June 30 2020, NPS was the third largest pension fund in the world with KRW 752 trillion (USD 633 billion) of assets under management.
As part of its Investment Principles, NPS seeks to fulfill the fiduciary duty of managing the Fund while considering ESG factors, among others to improve investment sustainability. As such, NPS integrates ESG issues in its listed equity strategies and when selecting, appointing and monitoring external managers.