ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan and South Korea lag on climate action: UK asset manager

LGIM drops Kepco and others from its environmental, social and governance funds

Electric lines stand near a Kepco power plant. The South Korean state-owned utility has been removed from a top U.K. asset manager's funds over poor disclosure.   © Reuters

TOKYO -- Big companies in Japan and South Korea have fallen further behind Western peers in addressing climate change, according to a new report by top U.K. asset manager Legal & General Investment Management.

The fund manager pick as candidates for divestment the worst-performing companies, including South Korean state-owned utility Korea Electric Power Corp., or Kepco. The divestment applies to the 5 billion pound ($6.35 billion) Future World funds, which focus on environmental, social and corporate governance investment principles.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more