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Korea Electric Power Corporation

Korea Electric Power Corporation (KEPCO/Hanjeon) is a majority state-owned company headquartered in Naju-si, Republic of Korea. KEPCO is the largest electric utility in Korea, serving 25 million customers.

Summary

KEPCO reports transparently on numerous sustainability topics but has clear potential to strengthen its performance in many areas. KEPCO has assigned oversight for its sustainability strategy to its board; however, it should ensure that its board has the relevant expertise to manage sustainability, and link executive remuneration to its sustainability goals to make sustainability consequential to the business.

KEPCO performs relatively well on social topics. It aims to improve the quality and reliability of its energy services by reducing power outages to 9.67 minutes per customer and transmission losses to 3.5% by 2028. The company also provides subsidies for socially vulnerable groups to mitigate rising energy costs, and it has clear policy commitments towards anti-bribery, human and labour rights and worker health and safety.

KEPCO’s environmental reporting shows several gaps that the company can work on addressing. The company’s reported data on emissions and pollution does not cover its full operations, while its reporting on energy efficiency and water withdrawal lacks consistency over time. KEPCO can also step up its natural disaster risk reduction and emergency response efforts to contribute to urban resilience in the locations where it operates.

Ranking position: #59 /300
Total score: 20.7 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 20.8 /100	#38
Inclusive Cities	#1 34.2 /100	#40
Healthy Cities	#1 10.3 /100	#77
Climate Proof & Resilient Cities	#1 13.3 /100	#87
Core Social Indicators	#1 25.0 /100	#73

Industries
Energy distribution	#19

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More about the company

Headquarters: South Korea
Ownership structure: Public
Revenue: USD 55,177 billion (2022)
Number of employees: 23728 (2022)
Website: https://home.kepco.co.kr/kepco/EN/main.do

This company is part of the SDG2000, the 2000 most influential companies

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