Shinhan Financial Group, First Domestic Financial Company to Publish 'ESG Highlights'

ESG Report Published Twice a Year... Strengthening Communication with Customers and Investors

[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 12th that it has published the 'ESG Highlights,' a report summarizing the group's major ESG (Environmental, Social, Governance) activities and achievements in 2020.

Shinhan Financial expanded the frequency of its ESG report publication from once to twice a year, becoming the first domestic financial company to do so, in response to investors' and various stakeholders' demands for ESG information disclosure and to strengthen communication.

Every year in the first quarter, the group publishes the ESG Highlights, a summary report of ESG activities, and at the end of the first half, it plans to publish the 'ESG Report' (formerly the Social Responsibility Report), which includes detailed group activities and quantitative data related to ESG.

The ESG Highlights contains the group's major ESG activities carried out last year and future plans based on the three strategic directions of ESG management?eco-friendliness, coexistence, and trust?and the five core strategies: ▲Zero Carbon Drive ▲Triple-K Project ▲Hope Together Startup (S), Financial Vulnerable (F), Community (G) ▲Pursuit of Social Diversity ▲Financial Consumer Protection.

Additionally, based on the theme 'The ESG Path Together with Everyone,' the group's ESG activities are presented in a storytelling format, using simple terms and illustrations to enhance interest and readability.

In particular, through the Zero Carbon Drive initiative, which Shinhan Financial declared as the first in East Asia, the group presented a roadmap showing achievements such as reducing the carbon emissions of its asset portfolio by 38.6% by 2030 and expanding eco-friendly financial support to 30 trillion KRW, actively responding to recommendations from global initiative organizations like the Task Force on Climate-related Financial Disclosures (TCFD).

Regarding diversity, which has recently emerged as an international issue, the report also includes achievements in various projects such as female talent development programs and welfare policies promoted by Shinhan Financial.

Cho Yong-byeong, Chairman of Shinhan Financial Group, stated, "We will strive to lead change by actively communicating with stakeholders through expanded ESG management disclosures. We will do our best to create a better world for future generations through the environmental and social roles of finance and to spread ESG management throughout the domestic industry."

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