NongHyup Bank to Transition 100% of Business Vehicles to Zero-Emission by 2030

Minister of Environment Han Jeong-ae (left) is presenting the Korean-style Zero-Emission Vehicle Transition 100 Company Approval Certificate to Ji Jun-seop, Vice President of NH Nonghyup Bank.

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 15th that it attended the Ministry of Environment's 'Korean-style Zero-Emission Vehicle Transition 100 (K-EV100)' second declaration ceremony and declared the transition of 100% of its business vehicles to zero-emission vehicles by 2030.

Actively participating in the government's 2050 carbon neutrality policy through the expansion of green finance and the practice of ESG (Environmental, Social, and Governance) management, Nonghyup Bank introduced its first electric vehicle in 2021 at the Bucheon City branch in February. This year, it plans to convert more than 40 business vehicles to zero-emission vehicles.

Additionally, in late March, it launched the 'NH Eco-friendly Enterprise Preferential Loan,' an ESG-specialized credit product that offers preferential interest rates to companies practicing eco-friendly management, including K-EV100 participating companies, supporting the successful establishment of the Korean-style Zero-Emission Vehicle Transition 100.

At the declaration ceremony held the previous day, Deputy CEO Jisun Seop stated, "Under the motto 'Nonghyup is ESG,' we plan to carry out various green finance and ESG-related projects according to Nonghyup Financial Group's ESG promotion strategy," adding, "We will actively participate in the government's ESG-related policies."

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