Hana Bank-Kepco, Carbon Neutrality Agreement Based on 'ESG Financial Platform'

Hana Bank signed a memorandum of understanding (MOU) with Korea Electric Power Corporation on the afternoon of the 8th at Hana Bank's headquarters in Euljiro, Jung-gu, Seoul, to jointly promote carbon neutrality based on an ESG financial platform. Park Sung-ho, President of Hana Bank (left), and Jeong Seung-il, President of Korea Electric Power Corporation, who attended the signing ceremony, are taking a commemorative photo.

[Asia Economy Reporter Kiho Sung] Hana Bank announced on the 9th that it has signed a Memorandum of Understanding (MOU) with Korea Electric Power Corporation (KEPCO) to jointly promote carbon neutrality based on an ESG (Environmental, Social, and Governance) finance platform.

This is the first collaboration in Korea between a financial company and an energy company for an ESG agreement. The two companies plan to present a convergent business model for efficient energy use and, based on this, aim to encourage electricity savings to contribute to practicing ESG management and achieving carbon neutrality.

Under the agreement signed the previous day, Hana Bank and KEPCO will jointly carry out various activities including ▲ practicing energy saving and carbon neutrality ▲ conducting nationwide electricity saving campaigns ▲ increasing participation in electricity saving programs ▲ linking meter reading data.

Additionally, Hana Bank plans to provide customers with household electricity consumption data supplied by KEPCO through the Hana One Q app and launch products and services within the year that offer financial benefits such as preferential interest rates to households that practice electricity saving.

Park Sung-ho, CEO of Hana Bank, said, “We expect this to be a good example of the entire nation participating in ESG practices by providing financial benefits to customers who save energy,” and added, “This agreement started from an idea freely proposed by a young employee of Hana Bank, and we will continue to listen to fresh and practical opinions through a horizontal organizational culture in the future.”

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