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 Semiconductor (KSIA) 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 and positive evidence of clear top-line messaging on climate policy by KSIA. At the ‘Semiconductor and Display Industry Carbon Neutrality Committee’ at the Ministry of Trade, Industry and Energy in March 2021, KSIA stated support for achieving a sector-based 2050 carbon neutrality target via the ‘2050 Semiconductor and Display Industry Carbon Neutrality Joint Declaration’. At the same event, the association also broadly supported the development of government carbon neutrality policy.
Engagement with Climate-Related Regulations: InfluenceMap did not find evidence of KSIA’s positions on, or engagement with, various strands of climate policy.
Positioning on Energy Transition: InfluenceMap found limited evidence of KSIA’s engagement on the transition to a low-carbon energy mix. As reported by SMN News in June 2022, KSIA supported policy to develop low-emissions technology in the semiconductor industry, advocating for government support for infrastructure establishment and human resources development.