KB Kookmin Bank Signs Agreement with Korea Corporate Governance Service for ESG Cooperation

Introduction of ESG Excellent Company System to Promote ESG Practice Culture

At the ESG Excellent Company Development Business Agreement Ceremony held on the 27th at KB Kookmin Bank Yeouido Headquarters, (left) Huh In, President of KB Kookmin Bank, and (right) Shin Jin-young, President of the Korea Corporate Governance Service, signed the agreement and took a commemorative photo.

[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 27th that it has signed a business agreement with the Korea Corporate Governance Service to foster excellent ESG (Environmental, Social, and Governance) companies.

The signing ceremony held at KB Kookmin Bank's Yeouido headquarters was attended by Hur In, President of KB Kookmin Bank, Shin Jin-young, President of the Korea Corporate Governance Service, and officials from both organizations. The two institutions plan to establish evaluation indicators for each area of environment, society, and governance to select outstanding ESG companies.

KB Kookmin Bank plans to apply the new evaluation indicators to preferential services for corporate clients and sustainable linked loan products. Additionally, the newly promoted corporate preferential service system will provide various and practical financial benefits to ESG excellent companies selected based on the ESG evaluation indicators.

A KB Kookmin Bank official stated, “We hope that this agreement will create a corporate environment where companies can actively and voluntarily participate in ESG management, and that KB Kookmin Bank’s initiative will serve as a catalyst for spreading the culture of ESG practice.”

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