We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
GS Energy is the member of the Korea Independent Power Producers Association. (IPPA website, last accessed August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
GS Energy is the member of the Korea Independent Power Producers Association. (IPPA website, last accessed August 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
GS Energy is the direct member of the Korea Business Council for Sustainable Development (KBCSD). (KBCSD website, last accessed September 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
GS Energy is the direct member of the Korea Business Council for Sustainable Development (KBCSD). (KBCSD website, last accessed September 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
GS Energy is a direct member of the Korea International Trade Association. (KITA website, last accessed July 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
GS Energy is a direct member of the Korea International Trade Association. (KITA website, last accessed July 2022)
not specified
--no extract--
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.
Open PDF file of Data Source
Climate Policy Engagement Overview: GS Energy appears to have very limited engagement with climate policy in South Korea. The company has generally expressed top-line support for climate action, but appears to support the maintenance of a high GHG emissions energy mix via advocating for the use of blue ammonia, LNG and hydrogen.
Top-line Messaging on Climate Policy: GS Energy has generally presented supportive top-line messaging on climate policy in South Korea. In a guest article for the 22nd E-book of the Energy and Mineral Resources Development Association of Korea (EMRD) in September 2021, GS Energy strongly supported net-zero emissions by 2050 in South Korea and a carbon-neutral economy.
Engagement with Climate-Related Regulations: InfluenceMap was not able to find any evidence of GS Energy’s engagement with climate-related regulations. GS Energy has not provided a full transparent disclosure on its positions and direct engagements with climate policies on its corporate website.
Positioning on Energy Transition: GS Energy has taken a negative position on the transition to a low-carbon energy mix in the energy sector. As reported by Chosun Ilbo in March 2021, the CEO of GS Energy, Huh Yong-soo, stated its support for LNG-fired power plants in Vietnam as a ‘bridging fuel in the energy transition process’ without clear reference to carbon capture and storage (CCS). In December 2021, a media outlet Seoul Finance reported that Huh Yong-soo stated support for the introduction and role of blue ammonia in South Korea’s energy mix, but did not specify the conditions for CCS. In a guest article for the 22nd E-book of EMRD in September 2021, GS Energy appeared to support the role of hydrogen to achieve zero-emissions goal in energy transition, however, it did not clarify the need for decarbonizing hydrogen production.
Industry Association Governance: GS Energy has not provided a full transparent disclosure on its membership to industry associations and its indirect climate policy engagements in its corporate website. GS Energy has membership to the Korea Independent Power Producers Association (IPPA), the Korea Business Council for Sustainable Development (KBCSD), and the Energy and Mineral Resources Development Association of Korea (EMRD).