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.
Climate Policy Engagement Overview: The Korea Electronics Association (KEA) appears to have very limited engagement with climate policy, and weak disclosure of its climate policy positioning and engagement activities.
Top-line Messaging on Climate Policy: InfluenceMap found limited evidence of clear top-line messaging on climate policy by KEA. As reported by Electric Times in January 2022, the Vice President of KEA, Park Chung-won, stated support for regulatory measures for carbon neutrality, but expressed concern about its effect on Korean corporates’ ability to enter overseas markets. At the 1st Electric/Electronics Carbon Neutrality Committee in March 2021, the Vice President of KEA, Jin Hong, supported carbon emissions reductions, but it was not clear whether he supported a pace and extent of reductions in line with IPCC recommendations.
Engagement with Climate-Related Regulations: InfluenceMap found limited evidence of KEA’s positions on, or engagement with, climate-related regulations in Korea. In an interview with Electric Times in February 2022, the Vice President of KEA, Park Chung-won, supported the expansion of renewable energy power generation and government incentive measures, such as tax support, for environment-friendly facility investing.
Positioning on Energy Transition: InfluenceMap did not find any evidence of KEA’s engagement with the transition to a low-carbon energy mix.