2020 Annual Report

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KCI 한국투자공사 로고

Global Network

KIC is sharpening its competitive edge by building strong
partnerships with major sovereign wealth funds, pension funds and
other global financial institutions.

KIC continues to build a broad and tightknit network with sovereign wealth funds, pension funds and other financial institutions around the world. This network is at the heart of our ability to garner valuable investment information, access promising investment opportunities and secure an advantage in investment negotiations.

Global Network with Sovereign Wealth Funds, Public Funds and Other Investors

KIC is expanding its international network to strengthen collaborations with global sovereign wealth funds. It has signed MOUs for cooperation with multiple funds since 2009 to share investment information and engage in other types of exchange.

International Forum of Sovereign Wealth Funds (IFSWF)

The International Forum of Sovereign Wealth Funds (IFSWF) is an organization of sovereign wealth funds that helps its more than 30 members implement the Santiago Principles, which are 24 Generally Accepted Principles and Practices for sovereign wealth funds. The organization also conducts research, represents its members’ views to the broader community and brings members together to share insights and information. Events include the IFSWF Annual Meeting, which was held virtually in November of 2020.

KIC has been an active member of the IFSWF since the group’s inception in 2009. We are committed to adhering to the Santiago Principles.

International Corporate Governance Network (ICGN)

Established in 1995 as an investor-led organization, the International Corporate Governance Network’s mission is to promote effective standards of corporate governance and investor stewardship to advance efficient markets and sustainable economies worldwide. The policy positions of ICGN, guided by the ICGN Global Governance Principles and Global Stewardship Principles, are the standard for corporate governance and stewardship codes for global companies and investors.

KIC became the first Korean investor to join ICGN in 2017 and endorse its global stewardship principles. As a global investor, KIC exercises active ownership and strives to expand responsible investments in adherence to our Stewardship Principles. Through ICGN, we also collaborate with more than 320 institutional investors from 45 countries.

One Planet Sovereign Wealth Funds (OPSWF)

In 2020, KIC joined the One Planet Sovereign Wealth Funds (OPSWF), a 14-member platform established in 2017 that aims to accelerate efforts to integrate climate change-related financial risks and opportunities in long-term asset management.

KIC’s new membership was announced at the 3rd annual One Planet Sovereign Wealth Funds Summit, which we joined virtually in November and which was chaired by French President Emmanuel Macron.

As an OPSWF member, KIC aims to participate more actively in climate change discussions and better manage investment returns through best practices.

Task Force on Climate-related Financial Disclosures (TCFD)

KIC also last year became Korea’s first public institutional investor to support the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD is a set of global guidelines recommending the disclosure of climate-related financial information. It was established by the Financial Stability Board in 2015.

During the 2020 OPSWF Summit, KIC joined other One Planet members in making statements of support for driving TCFD recommendations as a global reporting standard.