Methodology
FFOC Coal Phase-Out Tracker
The FFOC Coal Phase-Out Tracker evaluates the climate policies of major Korean banks, asset management firms, securities companies, life insurers, general insurers, policy financing institutions, pension funds and mutual aids based on eight criteria.
★ refers to the institution with best coal phase-out policy.
Criteria for Coal Phase-Out policies
Coal phase-out pledges
Indicates whether the organization has pledged to quit coal
- OYes, the organization has pledged to quit coal.
- XNo, the organization has not pledged to quit coal.
No more investment in new coal-fired power projects
Indicates whether the organization has stopped project financing (PF) and bond underwriting for the construction of new coal-fired power plants
- OYes, the organization has stopped investing in new coal-fired power projects.
- XNo, the organization has not stopped investing in new coal-fired power projects.
- PFThe organization has stopped project financing.
- BThe organization has ceased bond underwriting.
- GThe organization has halted export credit guarantee.
No more investment in coal industries
Indicates whether the organization has declared to stop financing the entire coal-related industries such as coal mines and terminals on top of coal-fired power generation.
- OYes, the organization has announced no more investment in coal-related industries.
- XNo, the organization has not announced no more investment in coal-related industries.
Exclusion criteria for coal companies
Indicates whether the organization has established criteria to classify coal companies based on their coal-related revenue or power production to exclude them from investment.
Criteria- OYes, the organization has established exclusion criteria for coal companies.
- XNo, the organization has not established exclusion criteria for coal companies.
No more insurance for coal power plant construction
Indicates whether the organization has announced that it will no longer provide any insurance coverage for the construction of new coal-fired power projects (only applicable to general insurers)
No more insurance for coal power plant operation
Indicates whether the organization has announced that it will no longer provide any insurance coverage for the operation of new coal-fired power projects (only applicable to general insurers)
- OYes, the organization has announced no more insurance for coal-fired power plant operation.
- XNo, the organization has not announced no more insurance for coal-fired power plant operation.
Criteria for 2050 net-zero portfolio targets
2050 net-zero targets for portfolios
Indicates whether the organization has pledged to transform their asset portfolios to net-zero emissions by 2050
- OYes, the organization has pledged to transform its asset portfolios.
- XNo, the organization has not pledged to transform its asset portfolios.
2030 emissions reduction targets for portfolios
Describes the 2030 emissions reduction targets for businesses which have set detailed mid-term goals for their asset portfolios to cut down GHG emissions to achieve carbon neutrality by 2050.