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.
