| Paris Alignment | Reasoning |
| Not applicable | KDB does not have a dedicated strategy nor targets to promote energy access. It mostly operates in countries where energy access is not an issue. |
| Alignment and Reasoning | |
| Energy Access Target | Not applicable. |
| Minimum Definition of Access | Not applicable. |
| % of Energy Financing Dedicated to Energy Access | Not applicable. |
| Is Progress Monitored | Not applicable. |
| Progress Against Metrics | Not applicable. |
Explanation
The majority of investments by KDB are in the domestic market of South Korea where energy access is not an issue. Beyond that, KDB mostly operates in countries with a high energy access rate, including European and Arab countries.
According to its annual report 2019, KDB is a member of the RE100 initiative which promotes access to 100% renewable energy systems.
KDB does also invest in countries with comparatively lower energy access rates, such as Myanmar, Angola and Nepal. It would therefore be recommended that KDB develops a framework for these countries to ensure inclusive access to clean energy.
Recommendation: KDB should also develop policies to address issues of fuel poverty in its country of operation.
Last Update: July 2021