Woori Bank Signs MOU with Korea Environmental Industry & Technology Institute to Promote Green Finance Expansion

Kwon Kwang-seok, President of Woori Bank (right), and Yoo Je-cheol, President of the Korea Environmental Industry & Technology Institute, signed an on-tact business agreement to promote green finance and foster and support excellent environmental companies.

[Asia Economy Reporter Kwangho Lee] Woori Bank announced on the 30th that it has signed an "Ontact Business Agreement for the Expansion of Green Finance and the Nurturing and Support of Excellent Environmental Companies" with the Korea Environmental Industry & Technology Institute to strengthen ESG (Environmental, Social, and Governance) responsible management.

Through this agreement, both parties have agreed to jointly promote green finance activation and strengthen cooperation such as financial support for nurturing ESG excellent companies.

Based on the environmental performance evaluation ratings of about 38,000 companies, which the Environmental Industry & Technology Institute comprehensively assesses and provides by evaluating companies' greenhouse gas emissions, pollutant discharge, and environmental certification achievements, Woori Bank plans to launch exclusive products for ESG excellent companies starting in May, offering preferential benefits on loan interest rates and fees.

A Woori Bank official stated, "Through this agreement, we aim to participate in the activation of green finance by providing various financial supports to ESG excellent companies," adding, "We will continue to actively practice ESG management by realizing carbon neutrality and responding to the climate change crisis."

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