KB Financial Group Wins 'CCP Honors' for 3 Consecutive Years Through ESG Management

Recognized for Excellence in Climate Change Response through ESG Management
3 Consecutive Years Awarded 'Carbon Management Sector Honors' in Finance by CDP (Carbon Disclosure Project)
Leading Accelerated and Continuous ESG Management Centered on the 'ESG Committee'

[Asia Economy Reporter Kangwook Cho] KB Financial Group announced on the 28th that it has been selected for the third consecutive year in the financial sector's 'Carbon Management Sector Honors' at the 'CDP Climate Change 2019' in recognition of its achievements in responding to climate change.

CDP (Carbon Disclosure Project) is a global non-profit organization and evaluation index that assesses and provides major environmental information of companies to financial investment institutions worldwide.

Last year, more than 8,400 companies worldwide disclosed their environmental management information through CDP. The 'CDP Korea Committee' evaluated management information related to climate change for the top 200 companies by market capitalization and selected outstanding companies responding to climate change in nine sectors, including finance.

In a situation where the role and social responsibility of companies in responding to climate and environmental changes are increasingly emphasized, KB Financial established an 'ESG Committee' last month, including Chairman Yoon Jong-kyu and all internal and external board members, to speedily and continuously practice ESG management encompassing environmental protection and social responsibility.

Recently, KB Financial has been actively participating in global initiatives and activities of international environmental organizations, such as joining as a signatory to the 'UN Environment Programme Finance Initiative (UNEP FI) Principles for Responsible Banking,' thereby strengthening its global leadership. Additionally, as the only domestic financial company, it participates in the 'UNEP FI Climate Collective Agreement,' working with 31 global institutions to reduce carbon-intensive businesses and increase the proportion of eco-friendly businesses through joint responses. It is also involved in the 'UNEP FI, EU Taxonomy Banking Guidelines Development' activities to prepare for applying the 'Global Green Investment Taxonomy' in bank screening and evaluation.

A KB Financial official said, "Through leading ESG management practices, KB Financial will take the lead in responding to climate change and protecting the environment," adding, "We will do our best to perform a positive role using finance and engage in eco-friendly activities with customers so that future generations can realize their dreams in a clean environment."

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