Korea Business Council for Sustainable Development (KBCSD)

InfluenceMap Score
D+
Performance Band
50%
Organisation Score
Sector:
All Sectors
Head​quarters:
Seoul , South Korea
Official Web Site:
Wikipedia:

Climate Policy Engagement Overview: The Korea Business Council for Sustainable Development (KBCSD) appears to have limited and mixed engagement with climate policy in South Korea. The association has taken supportive positions on the need for climate action in its top-line messaging. However, it has negatively engaged with the introduction of a carbon tax in South Korea. It has taken broadly negative positions on the transition of the energy mix.

Top-line Messaging on Climate Policy: KBCSD appears to take supportive positions on the need for climate action in its top-line messaging. At a policy meeting with the Ministry of Environment in February 2022, the Vice President of KBCSD, Kim Kyo-hyun, stated support for action towards carbon neutrality, stating that low-carbon management became ‘the responsibility and duty of a company’ and they would ‘actively participate in the government’s carbon neutrality initiative’. In the KBCSD CEO Report in January 2022, the association appeared to support government regulations to respond to climate change.

Engagement with Climate-Related Regulations: KBCSD appears to have limited engagement with climate policies in South Korea. In the KBCSD CEO Report in September 2021, the association appeared to oppose introducing carbon tax in Korea, stating that the policy should not be a ‘punitive tax’ and could be a double-regulatory 'burden’ to Korean industries. In the association’s CEO Report in June 2020, KBCSD appeared to oppose the Korea Emissions Trading Scheme (K-ETS), suggesting suspending the K-ETS and easing the cost burden. In the May 2020 CEO Report, the association supported expanding government policy that would support renewable energy expansion.

Positioning on Energy Transition: KBCSD appears to take mixed but broadly negative positions on the transition of the energy mix. In the association’s CEO Report in June 2022, KBCSD supported a transition to a low-carbon economy, stating support for the South Korean government’s in expanded incentives and measures for green industries. However, the Chairman of KBCSD, Lee Kyung-ho, appeared to not support the decarbonization of road transport in an April 2021 association editorial, arguing for a ‘soft landing’ with regard to national industrial development and citing concerns over damages to the internal combustion engine vehicle industry and related job losses. In the August 2021 CEO Report, KBCSD advocated for maintaining nuclear power plants, LNG power generation and coal-fired power plants in the K-Taxonomy as ‘green economic activities’, citing that these power plants would play a ‘bridge role’ to achieve decarbonization.

Details of Organization Score

QUERIES
DATA SOURCES
NSNSNANSNSNSNA
0NSNS1NS0NA
0NSNSNSNS0NA
NSNSNSNSNSNSNA
0NANANANANANA
-1NSNANSNSNSNA
0NSNANSNSNSNA
NSNSNANSNSNSNA
1NSNANSNSNSNA
0NSNANSNS-1NA
0NSNANSNS0NA
2NANANANANANA
NSNSNSNSNSNSNS