Shinhan Bank to Reward Points for Eliminating Paper Passbooks... Launches Earth Saving Campaign

Following the Digital Counter Introduced in 2017, Continuing Paperless Environment Initiatives
Implementing the 'Reducing Paper Bankbook Campaign' to Decrease Use of Paper Bankbooks

[Asia Economy Reporter Kangwook Cho] Shinhan Bank announced on the 4th that it will implement the 'Save the paper, Save the planet' campaign as part of sustainable environmental activities in daily life.

The 'Save the paper, Save the planet' campaign is an initiative to minimize various forms of paper usage generated during banking operations to practice environmental protection for a green planet, involving participation from both customers and employees.

Since 2017, Shinhan Bank has minimized paper usage by introducing digital counters that provide various forms filled out by customers visiting branches in electronic formats via tablet PCs. Since then, Shinhan Bank has continuously promoted a comprehensive paperless environment project and prepared an environmental campaign where customers and employees reduce paper usage together to save trees.

The first project of this campaign targets customers who open or convert regular savings and installment savings accounts to mobile passbooks instead of paper passbooks at all Shinhan Bank branches for three months. The first 3,000 customers will receive 3,000 My Shinhan Points, and 100 customers will be selected by lottery to receive a Twosome Place tumbler.

A Shinhan Bank official stated, "It is estimated that 2,857 mature 30-year-old trees are consumed annually to produce paper passbooks," adding, "We will continue campaign activities that customers and employees can practice together and actively participate in environmental protection movements."

Meanwhile, Shinhan Financial Group (Chairman Cho Yong-byeong) has practiced eco-friendly financial support amounting to 16.2 trillion KRW since 2017 for the group’s ESG management, and plans to additionally invest about 20 trillion KRW over the next 10 years until 2030 in the low-carbon green industry sector through loans and investments.

This content was produced with the assistance of AI translation services.