Shinhan Bank Ranks First in Korea Sustainability Index for 9 Consecutive Years

Recognized for Practicing Both Economic Value and Social Community Value of Enterprises
Leading the Creation of a Virtuous Cycle of Win-Win in Line with Shinhan Financial Group's ESG Strategy

At the 2020 Korea Sustainability Index (KSI) Awards Ceremony held on the 16th at Lotte Hotel in Jung-gu, Seoul, Lee Jun-seok, Head of Brand Strategy Division at Shinhan Bank (left), and Lee Sang-jin, Chairman of the Korea Standards Association, pose for a commemorative photo.

[Asia Economy Reporter Kangwook Cho] Shinhan Bank announced on the 16th that it was selected as the No. 1 company in the banking sector for nine consecutive years at the 2020 Korea Sustainability Conference hosted by the Korea Standards Association.

The Korea Sustainability Index (KSI) is an index designed to evaluate the level of corporate sustainability based on ISO 26000, the international standard for corporate social responsibility. It awards companies by measuring their strategic response to sustainability trends and their management and improvement of sustainability impacts.

This year’s survey was conducted by evaluating 201 companies and public institutions across 47 industries through stakeholders and experts including customers, local communities, shareholders, and partners. Shinhan Bank was recognized for its achievements in communicating with various stakeholders and pursuing both economic value for the company and value for the social community, earning first place in the banking sector.

Shinhan Bank actively participates in Shinhan Financial Group’s Shinhan『S² Bridge : Incheon』 project, supporting startups in innovative technologies related to the 4th industrial revolution and the bio-healthcare sector. Through Shinhan 'S² Bridge : Seoul,' it supports youth employment and entrepreneurship, creating a virtuous cycle structure for various social issues and leading the establishment of an ecosystem that can generate practical problem-solving and social value.

A Shinhan Bank official said, "We are pleased to have achieved first place in the banking sector for nine consecutive years in the Sustainability Index, a key indicator recognized by society and customers for creating a virtuous cycle of coexistence." He added, "We will continue to lead value-creating management that pursues both corporate economic value and social community value in line with Shinhan Financial Group’s ESG strategy."

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