Shinhan Financial Group Declares 'Zero Carbon, Zero Fuel'... Converts Over 60,000 Company Vehicles to Electric and Hydrogen Cars

Cho Yong-byeong, Chairman of Shinhan Financial Group, and the CEOs of group companies are taking a commemorative photo after holding the ESG (Environmental, Social, and Governance) Promotion Committee meeting and declaring the eco-friendly project 'Zero Carbon·Zero Fuel'.

[Asia Economy Reporter Kwangho Lee] Cho Yong-byeong, Chairman of Shinhan Financial Group, has announced the eco-friendly project ‘Zero Carbon·Zero Fuel’.

On the 20th, Shinhan Financial held an ESG (Environmental, Social, and Governance) Promotion Committee meeting at its headquarters on Sejong-daero, Jung-gu, Seoul, attended by Chairman Cho and CEOs of all group companies, where they declared ‘Zero Carbon·Zero Fuel’.

Zero Carbon·Zero Fuel is a project under the group’s eco-friendly strategy, Zero Carbon Drive, aiming to convert 62,843 company vehicles to 100% zero-emission vehicles such as electric and hydrogen cars by 2030.

This project was expanded to a group-wide ESG management strategy by sharing the best practices of Shinhan Bank and Shinhan Card, which participated in the Korean-style 2030 Zero-Emission Vehicle Transition 100 (K-EV100) declaration ceremony hosted by the Ministry of Environment last April, at the ESG Promotion Committee.

Shinhan Financial explained that the project was planned to fulfill social responsibility through reducing the group’s carbon emissions and practicing ESG management.

The results of the zero-emission vehicle transition will be disclosed annually through the ESG report.

A Shinhan Financial official said, "In addition to the group’s own efforts to reduce greenhouse gas emissions, we will lead the practice of ESG management by reflecting the group’s eco-friendly financial strategy in customer financial products and services such as Shinhan My Car."

This content was produced with the assistance of AI translation services.