NAVER Corp – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	NAVER Corp demonstrates a moderate level of governance in its climate lobbying processes, with some clear structures and oversight mechanisms in place. The company has established an ESG Committee under the Board of Directors, which is described as "the highest consultative body, spearheading the management of ESG risks and the expansion of business opportunities throughout the company." This committee convenes quarterly and addresses climate and environmental issues at least twice a year, including reviewing mid-to-long-term strategies for climate mitigation and adaptation. The Chief Sustainability Officer (CSO), who is a registered executive of the ESG Committee, oversees NAVER's climate change response strategy and engages with stakeholders to drive implementation. Additionally, the company actively engages in direct lobbying by communicating with policymakers and institutions like Korea Electric Power Corporation (KEPCO) to advocate for renewable energy policy improvements. NAVER also participates in initiatives such as RE100 and the Corporate Renewable Energy Foundation to foster indirect stakeholder engagement. However, while the company mentions funding organizations that influence climate-related policies and participating in trade associations, there is no explicit disclosure of a systematic process for monitoring or managing the alignment of these indirect lobbying activities with its climate goals. Furthermore, while the ESG Committee and CSO are identified as key oversight bodies, the evidence does not detail specific mechanisms for ensuring alignment between lobbying activities and the company's climate commitments. This indicates that while NAVER has some governance structures in place, the processes for managing and aligning lobbying activities, particularly indirect lobbying, are not comprehensively disclosed. View Sources	2

Overall Assessment

Analysis

Score

Moderate

NAVER Corp demonstrates a moderate level of governance in its climate lobbying processes, with some clear structures and oversight mechanisms in place. The company has established an ESG Committee under the Board of Directors, which is described as "the highest consultative body, spearheading the management of ESG risks and the expansion of business opportunities throughout the company." This committee convenes quarterly and addresses climate and environmental issues at least twice a year, including reviewing mid-to-long-term strategies for climate mitigation and adaptation. The Chief Sustainability Officer (CSO), who is a registered executive of the ESG Committee, oversees NAVER's climate change response strategy and engages with stakeholders to drive implementation. Additionally, the company actively engages in direct lobbying by communicating with policymakers and institutions like Korea Electric Power Corporation (KEPCO) to advocate for renewable energy policy improvements. NAVER also participates in initiatives such as RE100 and the Corporate Renewable Energy Foundation to foster indirect stakeholder engagement. However, while the company mentions funding organizations that influence climate-related policies and participating in trade associations, there is no explicit disclosure of a systematic process for monitoring or managing the alignment of these indirect lobbying activities with its climate goals. Furthermore, while the ESG Committee and CSO are identified as key oversight bodies, the evidence does not detail specific mechanisms for ensuring alignment between lobbying activities and the company's climate commitments. This indicates that while NAVER has some governance structures in place, the processes for managing and aligning lobbying activities, particularly indirect lobbying, are not comprehensively disclosed.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Strong	NAVER provides a reasonable level of transparency on its climate-policy lobbying. • Policies lobbied: The company explicitly identifies its engagement with the Korean RE100 framework, describing discussions on “RE100 implementation methods allowed in Korea” and establishing a “RE100 corporate alliance.” However, it does not name additional, distinct climate-related laws or regulations, so the breadth of disclosed policy focus remains limited. • Lobbying mechanisms and targets: NAVER details several concrete avenues of influence and the specific bodies it addresses. It states that it “participated in meetings with policy makers and related organizations,” “attended a round-table conference held by the Ministry of Trade, Industry and Energy (MOTIE),” and submitted proposals during those sessions; it also notes direct engagement with Korea Electric Power Corporation (KEPCO) and the Carbon Neutrality & Green Growth Commission, demonstrating clear identification of both methods and targets. • Outcomes sought: The company sets out multiple, concrete policy objectives, including a request that government “further expand the supply of renewable energy to smoothly implement RE100 in Korea,” proposals to remove “double charging in third-party PPAs,” and calls for incentives such as tax credits, consulting support, and RE100 product certification to accelerate corporate renewables uptake. These disclosures make plain the specific regulatory changes NAVER is advocating. Taken together, the disclosures show strong openness about how NAVER engages policymakers and what it wants to achieve, though the range of policy areas named is relatively narrow.	3