Hanwha Life Establishes Sustainability Management Committee to Strengthen ESG Management

Approval of Hanwha Life Financial Services Division Plan

[Asia Economy Reporter Ki Ha-young] Hanwha Life Insurance is continuing its efforts to strengthen ESG (Environmental, Social, and Governance) management by establishing a Sustainability Management Committee.

On the morning of the 15th, Hanwha Life Insurance's board of directors resolved to establish the Sustainability Management Committee to enhance the management of ESG performance and the driving force behind related strategies. The Sustainability Management Committee will be newly established under the board of directors, allowing major ESG-related policies to be executed at the highest decision-making level, the board of directors. This enables the execution of strategies from a long-term perspective.

With the establishment of the Sustainability Management Committee, Hanwha Life Insurance has strengthened its capability to implement sustainable finance and created a foundation to lead new financial trends, while more thoroughly managing and supervising non-financial risks.

Meanwhile, Hanwha Life Insurance announced that the plan to spin off 'Hanwha Life Financial Services Co., Ltd.' (a sales company) was approved at the 72nd general shareholders' meeting held that day. With the approval at the shareholders' meeting, the industry’s largest super-large sales-specialized company was born, possessing approximately 540 sales offices, about 1,400 employees, and around 20,000 FPs (financial planners). Hanwha Life Financial Services now only has the procedures of spin-off registration, spin-off reporting meeting, and inaugural general meeting left. The spin-off date is set for the 1st of next month.

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