Korea Federation of Savings Banks Holds 'ESG Management' Proclamation Ceremony with Industry Leaders

On the 22nd, participants at the Savings Bank ESG (Environment, Social, Governance) Management Declaration Ceremony signed a pledge of commitment. From the left: Park Gi-gwon, CEO of Jinju Savings Bank; Lee Kyung-hee, CEO of Geumhwa Savings Bank; Oh Hwa-kyung, CEO of Hana Savings Bank; Park Jae-sik, Chairman of the Korea Federation of Savings Banks; Yang Soon-jong, CEO of Star Savings Bank; Song Cheol-ho, CEO of Dream Savings Bank; Lee Jung-jae, CEO of Daemyung Savings Bank.
[Photo by Korea Federation of Savings Banks]

[Asia Economy Reporter Song Seung-seop] The Korea Federation of Savings Banks held the ‘Savings Banks ESG (Environment, Social, Governance) Management Declaration Ceremony’ on the 22nd.

The declaration ceremony, held at the Sejong Hotel in Jung-gu, Seoul, was attended by Federation Chairman Park Jae-sik, Korea Corporate Governance Service President Shin Jin-young, and industry representatives.

On this day, Chairman Park and the representatives declared their commitment to sustainable growth and becoming a trusted financial institution through ESG management, and announced five action tasks. The tasks included content related to greenhouse gas reduction, financial support for vulnerable groups, and consumer protection.

Chairman Park emphasized, “There is a growing recognition that traditional management methods have limitations in achieving sustainable growth and responding to risks in corporate management,” adding, “This event was also organized to build consensus on the new paradigm of ESG and to strengthen the will to practice it within the savings banks.”

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