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)
KOGAS is a direct member of the Korea Business Council for Sustainable Development (KBCSD). (KBCSD website, last accessed September 2022)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
KOGAS is a 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)
Korea Gas Corporation is a member of International Gas Union as of June 2022. (IGU website, last accessed June 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Korea Gas Corporation is a member of International Gas Union as of June 2022. (IGU website, last accessed June 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
KOGAS is a direct member of the Korea New and Renewable Energy Association. (KNREA website, last accessed September 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
KOGAS is a direct member of the Korea New and Renewable Energy Association. (KNREA website, last accessed September 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: Korea Gas Corporation (KOGAS) appears to have limited and negative engagement with climate change regulations in South Korea. The company has expressed a mixed position on the energy transition, stating the need for LNG without placing conditions on CCS or methane abatement, but also supporting the increased use of green hydrogen in Korea. KOGAS has demonstrated mixed engagement with the GHG and Energy Target Management System and the Korea Emissions Trading Scheme (K-ETS).
Top-line Messaging on Climate Policy: InfluenceMap has found limited evidence of top-line messaging on climate policy by KOGAS. In its 2021 Sustainability Report published in July 2021, KOGAS did not state if the company supported the 2050 Carbon Neutrality goal of the South Korean government.
Engagement with Climate-Related Regulations: KOGAS has limited engagement with specific climate regulations. The company has stated mixed support for the K-ETS and South Korea’s GHG emissions reduction system. In July 2021, KOGAS presented broad support for the K-ETS as part of its low-carbon management strategy on its website. In its response to the 2021 CDP Climate Change Information Request, however, KOGAS did not support reform of the K-ETS and requested additional emissions allowances for the gas industry. In its 2019 CDP climate change response, KOGAS stated its objection to the GHG and Energy Target Management System, citing the need of setting a reduction goal based on its self-research and experimental data.
Positioning on Energy Transition: Korea Gas Corporation (KOGAS) has taken a broadly negative position on the transition to a low-carbon energy mix in South Korea and has also displayed limited but negative direct engagement on the energy mix in Vietnam. As reported by Australian Financial Review in May 2022, the CEO of KOGAS, Chae Hee-bong, stated support for the use of unabated LNG in the energy mix, citing the security of energy supply as the immediate priority at the 2022 World Gas Conference. In its 2021 Sustainability Report published in July 2021, KOGAS presented its support for LNG as low-carbon energy without elaborating the need of CCS or methane emissions mitigation. As reported by Yonhap News in February 2020, the CEO of KOGAS suggested that LNG would be a driving energy for Vietnam’s energy mix transition without clear conditions on CCS or methane abatement, at a meeting with the Deputy Prime Minister and the Minister of Planning and Investment of Vietnam. However, in an op-ed published in Energy News in May 2021, KOGAS did appear to support research and development of CCUS technology.
In its 2021 Sustainability Report, published in July 2021, KOGAS appeared to support an expanded role for green hydrogen in South Korea and the government’s Hydrogen Economy Roadmap. In March 2022, Chae Hee-bong, CEO of KOGAS, stated that the company would help to build a ‘value chain of green hydrogen production’ in Korea.
Industry Association Governance: KOGAS disclosed its membership to industry associations in its 2021 Sustainability Report, but with no further details of the company's role within each organization's governing bodies nor influence over their climate change policy positions.