Jeonbuk and Gwangju Banks' Green Finance Move... "Stop Loans to Construction Companies Building Coal Power Plants"
Jeonbuk Bank officials are declaring a 'coal phase-out finance' on the 23rd to join efforts in responding to the climate change crisis.
View original image[Asia Economy Reporter Song Seung-seop] JB Financial Group's Jeonbuk Bank and Gwangju Bank announced on the 25th that they will join the 'coal phase-out finance' initiative.
On the 23rd, Jeonbuk Bank declared its participation in coal phase-out finance to proactively respond to the climate change crisis.
Jeonbuk Bank plans to stop project financing (PF) and new loans to construction companies building coal-fired power plants.
They also intend not to acquire bonds related to such projects.
Gwangju Bank signed the 'Coal Phase-out and Green New Deal Agreement' with Gwangju City at the end of last year.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
At that time, they promised to reduce coal finance, the main cause of the climate crisis, and transition to a low-carbon economy. They also stopped PF and bond acquisitions related to coal-fired power plants.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
