Samsung Card Publishes First 'ESG Report'

Introduction of directions, goals, and achievements in environmental, social, and governance aspects
Industry-first compliance with international sustainability standards such as GRI and SASB

[Asia Economy Reporter Ki Ha-young] Samsung Card announced on the 8th that it has published its first 'ESG (Environmental, Social, and Governance) Report,' which includes its goals and achievements in the areas of environment, society, and governance.

This report is composed of ▲ Introduction to Samsung Card and message from the CEO ▲ Special report on ESG finance and COVID-19 response ▲ Strategies and achievements by ESG sector ▲ Appendix, among others.

Samsung Card has been actively engaging in related activities in response to the growing social interest and demands regarding ESG. At the end of last year, it issued ESG bonds worth 100 billion KRW, and based on the ESG certification from Sustainalytics, the top overseas ESG certification company, it issued ESG-type foreign currency asset-backed securities (ABS) worth a total of 300 million USD in March this year.

Additionally, in May this year, Samsung Card elevated its existing Sustainability Management Committee, which was previously composed only of internal executives, to establish an ESG Committee under the Board of Directors as a decision-making body related to ESG. The company also obtained the 'ISO 14001,' awarded to companies that efficiently manage environmental issues and risks according to the standards of the International Organization for Standardization (ISO).

Samsung Card's ESG report is the first in the industry to be prepared in accordance with the core compliance methods of the Global Reporting Initiative (GRI) standards, an international sustainability reporting standard, and the Consumer Finance standards of the Sustainability Accounting Standards Board (SASB) in the United States. The report also discloses the company's policy direction according to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and has secured the report's credibility by completing third-party verification from the Korea Management Certification Institute, an independent verification body.

Samsung Card plans to publish the ESG report annually. A Samsung Card official stated, "We published the ESG report to provide reliable information regarding Samsung Card's ESG plans and achievements to various stakeholders," adding, "We will continue to establish systematic action plans and implement ESG activities to contribute to creating a sustainable future."

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