KB Financial Group Establishes First ESG Committee in Financial Sector "All Directors Participate"

ESG Committee Plays Top Decision-Making Role in Establishing Group ESG Strategy and Policies for ESG Management

[Asia Economy Reporter Kangwook Cho] KB Financial Group is establishing an 'ESG (Environmental, Social Responsibility, Corporate Governance) Committee' within its board of directors as part of its efforts to become a leading financial group in ESG management. To this end, the agenda for amending the articles of incorporation to establish the 'ESG Committee' has been submitted as an agenda item for the regular shareholders' meeting scheduled for the 20th of this month.

KB Financial announced on the 9th that, in a situation where corporate social responsibility and obligations and roles regarding climate and environmental changes are increasingly emphasized, it has decided to establish the 'ESG Committee' to accelerate and continuously promote ESG management encompassing environmental protection and social responsibility.

KB Financial's 'ESG Committee' will be composed of all internal and external directors, including Chairman Yoon Jong-kyu, totaling nine members. The committee will serve as the highest decision-making body for the group's ESG management from a mid- to long-term perspective, including establishing group ESG strategies and policies and managing and supervising ESG progress.

A KB Financial official stated, "The establishment of the 'ESG Committee' within the board of directors signifies that KB Financial's ESG management is not just a slogan but reflects a practical and strong commitment to action," adding, "With the board of directors at the center, all employees will work together with one heart to become a leading financial group recognized for ESG management in the market and society."

Meanwhile, KB Financial Group's proactive efforts to fulfill responsibilities in the ESG field are highly regarded both domestically and internationally. It has been included in the Dow Jones Sustainability Index (DJSI) World Index for four consecutive years, selected for the Bloomberg Gender-Equality Index in 2019 and 2020 as the first Korean company for two consecutive years, received an integrated A+ rating in ESG evaluation from the Korea Corporate Governance Service and was selected as the best governance company for two consecutive years, and won the CDP Climate Change 2018 Financial Sector Carbon Management Sector Honors for two consecutive years, among other outstanding achievements in various ESG fields.

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