SUEUN, 'ESG Management Roadmap'... Supplying 180 Trillion KRW in ESG Loans by 2030

Issuance of $20 Billion ESG Bonds Planned
New ESG Management Department Established... ESG Board Also to Be Formed

The Export-Import Bank celebrated its 45th anniversary on the 1st by finalizing and announcing its 'ESG Management Roadmap,' marking the official start of its ESG management. The person in the center of the photo is Visit Kyoo, President of the Export-Import Bank. Photo by Visit Kyoo

[Asia Economy Reporter Jin-ho Kim] The Export-Import Bank of Korea (KEXIM) is officially embarking on ESG (Environmental, Social, and Governance) management.

On the 1st, at the 45th anniversary ceremony held at its headquarters in Yeouido, Seoul, KEXIM finalized and announced its ‘KEXIM ESG Management Roadmap.’

The core goals of KEXIM’s ESG management roadmap are ▲supporting the enhancement of our companies’ global ESG competitiveness ▲contributing to the national carbon neutrality target ▲expanding the creation of social value.

As quantitative targets through 2030, it presented ▲supplying KRW 180 trillion in ESG loans ▲issuing USD 20 billion in ESG bonds ▲reducing institutional carbon emissions by 50%, among others.

Under the three main principles of ‘ESG product-based support, ESG performance creation support, and activation of ESG in small and medium-sized enterprises (SMEs) and mid-sized companies,’ KEXIM specified 10 ESG financial programs, including the Sustainable Growth Promotion Program, Global Net-Zero Promotion Program, and Export Startup Growth Support Program, concretizing the direction of ESG loan support for our companies. Through this, it plans to provide interest rate discounts and external certification fee support within a maximum range of 1 percentage point to back various ESG management activities of our companies.

KEXIM also disclosed the seven implementation principles that serve as guidelines for ESG management and plans to establish an organizational system dedicated to ESG tasks.

The seven implementation principles embody KEXIM’s commitment to spreading ESG values through sustainable external economic cooperation. They consist of ▲expanding the social value of finance ▲enhancing the sustainability of institutional operations ▲managing environmental and social risks ▲establishing governance and a culture of integrity ▲respecting human diversity ▲linking with international agreements and government policies ▲fulfilling responsibilities and communication.

In this month’s regular personnel reshuffle, KEXIM plans to establish a dedicated department called the ‘ESG Management Department’ and set up an ‘ESG Committee’ within the board of directors to manage and supervise mid- to long-term ESG management strategies and implementation performance.

At the anniversary ceremony, President Bang Moon-kyu emphasized, “ESG management is not a choice but a new compass essential for survival. Let us become KEXIM, leading the strengthening of our companies’ global ESG competitiveness through the flawless implementation of the ESG roadmap.”

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