Shinhan Financial Group Selected as a Top 100 Global Sustainable Management Company for 9 Consecutive Years

Cho Yong-byeong, Chairman of Shinhan Financial Group

[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 27th that it has been selected as the only Korean company among the Global 100 Sustainable Companies for nine consecutive years.

Celebrating its 17th anniversary this year, the 'Global 100' is a global sustainability index evaluated by Corporate Knights, a Canadian media group and investment research firm. Every year, it assesses the sustainability levels of 8,080 companies worldwide (public companies with sales over 1 billion USD) based on 43 environmental, social, and governance (ESG) performance indicators including green finance, greenhouse gas and energy reduction rates, board of directors, leadership, and diversity.

This year, due to the COVID-19 pandemic, the selection results, which were usually announced through the Davos Forum held annually in Switzerland, were announced via the Global 100 virtual roundtable.

Shinhan Financial Group has been included in the Global 100 companies every year since 2013. This year, it was ranked first among Asian financial companies and 83rd worldwide. Notably, among global financial companies, it ranked 11th following Banco do Brasil, ING Group, BNP Paribas, National Australia Bank, and Intesa Sanpaolo.

Cho Yong-byeong, Chairman of Shinhan Financial Group, explained, "Being selected for nine consecutive years in the Global 100 companies is the result of our efforts to promote various group-level ESG activities such as the Zero Carbon Drive."

He added, "Going forward, as a leading financial group spearheading sustainable management in Korea, we will continue to develop our ESG system through efforts to measure and quantify ESG management performance more objectively."

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