Shinhan Capital Issues ESG Bonds Worth 200 Billion KRW

[Asia Economy Reporter Ki Ha-young] Shinhan Capital announced on the 19th that it has issued ESG (Environmental, Social, and Governance) bonds worth 200 billion KRW to accelerate sustainable management.

The bonds issued this time are a type of ESG bond emphasizing the social role of corporations, with domestic ESG investors such as pension funds and ESG funds participating in the issuance.

Shinhan Capital is fulfilling its corporate social responsibility by using the funds raised in line with the group's differentiated sustainable finance strategy of "eco-friendliness, coexistence, and trust" for supplying affordable housing, renewable energy projects, startups, and social enterprises. Since last year, by actively promoting its ESG strategy, it has enhanced its market position as a top player leading the IB market within the industry in renewable energy, new technology, and venture investments. Additionally, in April last year, it established a venture investment division to lead the investment sector of the group's innovation growth projects.

A Shinhan Capital official stated, "This bond issuance was promoted as the management consensus recognized that ESG-based sustainable management is essential for the company's survival and to enhance responsiveness to rapidly changing social issues amid the COVID-19 pandemic," adding, "We plan to strengthen strategies so that ESG can be embodied not only in sales but also across all management areas including employees' work methods, systems, and CSR."

Meanwhile, the issuance scale of domestic ESG bonds has been continuously expanding, reaching 10 trillion KRW in 2018, 36 trillion KRW in 2019, and 34 trillion KRW in the first half of 2020. Shinhan Capital's ESG-related fund execution amounted to 171.2 billion KRW in 2019 and 222.2 billion KRW in the first half of 2020.

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