Solutions for Our Climate (SFOC) and CREA (Centre for Research on Energy and Clean Air), in their report “The Inconsistent "Coal-Free Pledge" of Korea's National Pension Service: An analysis on the air pollution and health damage caused by the NPS' coal investment”, analyzes the air pollution and health impacts of the Korean National Pension Service(NPS)’s national coal investment, and the consequent economic losses over the past two years since their coal-free declaration in 2021 that has yet to be implemented. According to the report, the number of deaths that can be attributed to NPS’s investment in coal power plants in 2021 and 2022 is 220. Of the total healthcare and welfare expenditure due to the health impact of air pollution, USD 1.1 billion (KRW 1.4 trillion) can be attributed to the NPS’ investment in domestic coal.

Business & Human Rights Resource Centre invited NPS to respond to the report. Response provided.