KRX to launch ESG index targeting world’s third-largest pension fund

The new benchmark is targeted at domestic institutional investors, including the National Pension Service – the world’s third largest pension fund that manages over half a trillion US dollars in assets. The new index will be made up of around a hundred constituents from the Kospi200 with high ESG criteria scores. The South Korean bourse will use Korea Corporate Governance Service’s scorecard, which classifies companies in seven ESG grades. Not a single company out of the 881 s