|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.|
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.