Shinhan Card, Industry's First 'ESG Committee' Established Within the Board of Directors

Appointment of 5 ESG Committee Members and Approval of Related Regulations
Strengthening ESG Responsible Management

[Asia Economy Reporter Ki Ha-young] Shinhan Card is the first in the industry to establish an 'ESG Committee' within the board of directors to strengthen ESG (Environmental, Social, and Governance) responsible management.

On the 27th, Shinhan Card announced that the board of directors resolved to establish the ESG Committee and appointed a total of five members to the committee. Going forward, major decisions and policy formulation related to ESG will be comprehensively managed and overseen by the board of directors, the company's highest decision-making body.

The ESG Committee was established to strengthen Shinhan Card's ongoing ESG management and to transparently and responsibly carry out various ESG strategic directions and related projects through the board of directors.

Starting with the establishment of the ESG Committee, Shinhan Card plans to operate an ESG Council composed of executives and an ESG Working Council composed of heads of practical departments. The company aims to build an organic system involving participation from the board of directors to the working departments to promote ESG management.

A Shinhan Card official stated, "Through the establishment of the ESG Committee, we expect to systematically promote Shinhan Card's ESG management and transparently communicate ESG performance to stakeholders such as customers and investors. Through the implementation of Shinhan Financial Group's ESG management, we will carry out various activities from the three perspectives of eco-friendliness, coexistence, and trust to fulfill our responsibilities as a social enterprise."

Meanwhile, Shinhan Card established an ESG-dedicated team last year and is executing company-wide ESG strategic tasks from the perspectives of eco-friendliness, coexistence, and trust management. This year, the company is leading eco-friendly management in connection with Shinhan Financial Group's 'Zero Carbon Drive' strategy by building the 'Shinhan Card Eco Zone,' a green space in the urban area of Seoul Forest, and participating in the K-EV100 campaign hosted by the Ministry of Environment. In particular, Shinhan Card is promoting ESG management specialized in digital by being the first in the domestic financial sector to declare 'CDR Management,' which emphasizes corporate digital responsibility, and by establishing the 'Shinhan Card CDR Management 5 Principles.'

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