Shinhan Card Accelerates ESG Management

Awarding Outstanding ESG Initiatives in the First Half as Part of the Group's ESG Strategy Implementation

At the Shinhan Card headquarters located in Euljiro, Jung-gu, Seoul, Moon Dong-kwon, Head of Shinhan Card's Management Planning Group (4th from the left in the front row), and award recipients of outstanding cases are posing for a commemorative photo.

[Asia Economy Reporter Ki Ha-young] Shinhan Card announced on the 13th that it completed 19 tasks in the first half of this year as part of sustainable management through company-wide ESG (Environmental, Social, and Governance) capability enhancement.

In particular, Shinhan Card selected five outstanding cases in the first half of the year, focusing on environmental and social factors in line with the government’s ‘Green New Deal’ policy and the group’s ‘Shinhan N.E.O. (New Economy Opportunity) Project,’ as well as post-COVID-19 response measures, and plans to disseminate them internally and externally.

Among the outstanding cases selected were the ‘Digitalization of Paper Mail Statements,’ which reduced the annual use of 200,000 paper statements and envelopes in the paperless era, and the ‘Zero Printing of Work Documents,’ which cut more than 70,000 document printouts annually.

Additionally, based on Shinhan Card’s big data analysis capabilities, which hold the largest amount of consumer data in the industry, the company provided free COVID-19-related consumption impact analysis reports to 10 public institutions and 135 local governments. The company evaluated the ‘Big Data Free Consulting,’ which contributed to the establishment of small business support policies and regional economic revitalization policies, as a noteworthy achievement.

Furthermore, among the ESG outstanding cases selected by Shinhan Card in the first half, All That Shopping’s ‘Startup Exclusive Section’ was chosen as an outstanding case after achieving KRW 20 million in sales and 5,000 monthly mobile visitors over three months since its opening in May, through storytelling-centered promotion and support for the sale of flagship products of seven venture companies. The industry’s first ‘Startup Exclusive Corporate Card’ was also recognized as an outstanding case, enabling startups with low sales to easily obtain corporate credit cards.

Shinhan Card’s strategy is to strengthen ESG capabilities in eco-friendly sectors such as the green mobility market, while enhancing social value through the activation of digital and innovative finance, thereby establishing itself as a ‘World-Class Shinhan Card’ beyond being number one. In particular, with the full advent of the MyData era approaching, the company plans to strengthen data-driven ESG activities.

A Shinhan Card official stated, “In the first half of this year, Shinhan Card focused on creating social value suitable for the post-COVID-19 era, played the role of a public platform for national disaster relief projects, and concentrated company-wide ESG capabilities on supporting economic revitalization such as increasing sales for self-employed individuals and startups. Going forward, we will continue to expand eco-friendly management and win-win management to become a leading financial company in sustainable finance.”

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