NH Nonghyup Bank Establishes Green Finance Task Force... Total Support of 8 Trillion KRW Over 5 Years

Establishment of Green Finance Task Force to Promote Green Finance and ESG Initiatives

[Asia Economy Reporter Park Sun-mi] NH Nonghyup Bank announced on the 26th that it will actively participate in the Korean version of the Green New Deal by establishing a Green Finance Task Force and providing financial support totaling 8 trillion won.

To facilitate the smooth implementation of the Green New Deal project, the bank will establish the Green Finance Task Force within the Agriculture and Public Finance Division as of September 1. The Green Finance Task Force will oversee related tasks such as green finance and Environmental, Social, and Governance (ESG) initiatives to provide efficient and prompt support. In particular, it plans to invest and support a total of 8 trillion won over five years in agricultural policy projects such as renewable energy projects and smart farms.

Additionally, the bank will incorporate the ESG atmosphere into loan screening to establish systems supporting the Green New Deal, and will actively carry out greenhouse gas reduction activities through initiatives such as replacing high-efficiency LED lighting and reducing disposable products within Nonghyup Bank itself.

Bank President Son Byung-hwan stated, “The importance of green finance has been increasingly emphasized across society recently,” and added, “Nonghyup Bank will play a solid stepping stone role through active financial support for the Green New Deal project.”

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