Korea’s National Pension System named in NGO complaint against repeat offender POSCO

Pension scheme asked to account for deforestation by portfolio company

Activists urging POSCO International to cease deforestation © KFEM
Activists urging POSCO International to cease deforestation © KFEM

Korea’s National Pension Service, the world’s third largest pension fund with $600bn in assets, has been named in a complaint under the OECD’s Guidelines for Multinational Enterprises “soft law” mechanism.

The complaint says it has done nothing while a portfolio company carried ou…

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