NH Nonghyup Capital Accelerates ESG Management System Establishment... Launches Dedicated Task Force
[Asia Economy Reporter Kiho Sung] NH Nonghyup Capital announced on the 16th that it has established an ESG dedicated team called the ‘ESG Promotion Team’ and assigned personnel to accelerate the establishment of an ESG (Environmental, Social, Governance) management system.
The establishment of a dedicated team for ESG strategy formulation and promotion management is the second among NH Nonghyup Financial Group affiliates, following NH Nonghyup Bank. This move is to actively participate in ESG promotion in accordance with the ‘ESG Transformation 2025’ vision declared by NH Nonghyup Financial Group last February to revitalize ESG investment and become an eco-friendly financial group.
NH Nonghyup Capital is currently establishing a multifaceted ESG promotion plan aligned with Nonghyup Financial’s direction, aiming to establish an ESG management system this year. As a priority, it formed a dedicated organization in the first quarter and incorporated ESG items into the organizational evaluation (KPI) to build the ESG promotion system.
Within this year, the company plans to form an internal ESG consultative body to formally discuss the overall management and practical promotion plans of ESG tasks within the consultative body. To strengthen ESG investment management capabilities, one of the ESG promotion plans, it intends to develop and launch ESG investment products and actively review investment participation. In the investment finance sector, it will participate in related investments such as agricultural ESG investments optimized for agri-food funds, while in the auto finance sector, it will focus on increasing new handling amounts of eco-friendly vehicles such as electric and hydrogen cars.
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NH Nonghyup Capital has a particularly strong advantage in social responsibility finance (S) among ESG business capabilities compared to peers in the same industry. The company has supported approximately KRW 340 billion worth of auto-specialized products at low interest rates to relatively socially vulnerable farmers over the past four years (2017?2020) through linked operations with 1,060 agricultural and livestock cooperative headquarters nationwide.
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