Kim Tae-o Confirmed for Reappointment as Chairman of DGB Financial Group... "Contributing to Environment and Society through ESG Management" (Comprehensive)

'ESG Vision Declaration Ceremony' Immediately After the General Meeting
Presentation of Action Plans Including Strengthening Green Finance

[Asia Economy Reporter Kim Hyo-jin] Kim Tae-o, Chairman of DGB Financial Group (photo), has been confirmed for a second term.

On the morning of the 26th, DGB Financial held its regular shareholders' meeting at the Daegu Bank 2nd Headquarters in Buk-gu, Daegu, where the chairman's reappointment was approved. With this, DGB Financial enters the second term under Chairman Kim.

Since leading DGB Financial from 2018, Chairman Kim has been recognized for his efforts to solidify the group's sustainability based on advancing governance structures and practicing ethical management.

Building on this, DGB Financial received high evaluations in the Dow Jones Sustainability Index (DJSI), which assesses global corporate sustainability, last November, marking its 12th consecutive year inclusion in the DJSI Korea Index.

At the '2020 Korea Sustainability Conference' hosted by the Korea Standards Association, DGB Financial became the first domestic company to be inducted into the KRCA Hall of Fame as the most awarded recipient of the Korea Sustainability Report Award (KRCA). It also received the highest ESG grade, A+, at the '2020 ESG (Environment, Social, Governance) Excellent Companies' awards hosted by the Korea Corporate Governance Service, which is considered another significant achievement.

Chairman Kim is the only person in the domestic financial sector serving as a director of the United Nations (UN) Global Compact. The UN Global Compact, launched in July 2000 as an official UN initiative, is the world's largest voluntary corporate citizenship initiative. It provides a foundation for companies to engage in responsible activities based on the ten principles concerning human rights, labor, environment, and anti-corruption, aiming for sustainable development.

Based on these achievements and activities, Chairman Kim is expected to further accelerate ESG management while focusing on defending against the impacts of COVID-19 and improving management structures, particularly among key affiliates such as Daegu Bank.

Immediately after the shareholders' meeting, Chairman Kim held an 'ESG Vision Declaration Ceremony,' stating, "DGB, which first announced sustainable management in the domestic financial sector in 2006, now aims to contribute to the environment and society through ESG management amid experiences such as the COVID-19 pandemic and climate change."

DGB Financial plans to focus efforts on strengthening green finance, expanding socially responsible finance, and spreading impact finance through the ESG Committee within the board of directors. Chairman Kim said, "We will set practical ESG goals and systematically implement ESG management through the interest and participation of all employees," adding, "With DGB Financial Group's mission of warm finance, we will vigorously create a world everyone dreams of."

DGB Financial's net profit last year was 332.3 billion KRW, an increase of more than 8% compared to 2019. Considering the burden of affiliate provisions due to COVID-19, this is regarded as a remarkable growth trend. It is analyzed as a result of active mergers and acquisitions (M&A) carried out under Chairman Kim's leadership.

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