Son Byunghwan, NH Nonghyup Financial Group Chairman, "Focus on ESG Internalization Across All Affiliates"

NongHyup Financial Group Holds Lecture and Discussion with Invited ESG Experts

NongHyup Financial Group announced on the 25th that Chairman Son Byung-hwan and CEOs of its affiliates held a CEO Council meeting to discuss pressing issues. Chairman Son Byung-hwan of NongHyup Financial Group and CEOs of its affiliates are attending a special lecture by an ESG expert at the CEO Council meeting.

[Asia Economy Reporter Kiho Sung] Sohn Byung-hwan, Chairman of NH Nonghyup Financial Group, emphasized on the 25th that "ESG (Environmental, Social, and Governance) will expand from the investment market to loans, insurance, and other sectors," adding, "To achieve sustainable Nonghyup Financial, ESG factors must be incorporated into key areas such as strategy, investment, and risk management."

Nonghyup Financial announced that on this day, Chairman Sohn and the CEOs of affiliated companies held a CEO council meeting to discuss pressing issues.

The meeting was conducted with ESG expert lectures and focused discussions, following Chairman Sohn's intention to "prepare proactive financial sector responses to the advancing ESG." Additionally, a lecture explaining "the fundamental restructuring of finance due to the transition to a low-carbon economy and the essential role of financial institutions for sustainable finance, especially the need to reflect ESG factors in corporate finance," garnered significant agreement.

Participants began discussions on the issuance and investment of ESG bonds and the purpose of bond fund usage, followed by in-depth debates on the impacts and countermeasures related to ESG.

Chairman Sohn stated, "To effectively respond to the financial market changing with ESG, it is most important to transform employees' awareness and strengthen their capabilities," and instructed, "Make sure employees can also watch this lecture."

Accordingly, Nonghyup Financial plans to make this lecture available to all group employees through the in-house education system NH-tong, and will continuously hold diverse and specialized ESG education and seminars to cultivate internal ESG capabilities.

Meanwhile, to emphasize the role of financial institutions in response to climate change and to supplement expertise in the environmental field, Nonghyup Financial accelerated ESG management by appointing environmental expert Lee Mi-kyung as an outside director earlier this year. Furthermore, Nonghyup Financial plans to accelerate the internalization of ESG within the Nonghyup Financial Group through the board's expertise on ESG, the passion and will of management, and the enhancement of employees' capabilities.

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