Shinhan Financial Group Publishes '2020 ESG Report'... Enhancing Reader Convenience and Readability
Chairman Cho Yong-byeong: "The Answer to an Uncertain Business Environment is ESG"
[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 19th that it has published the '2020 Shinhan Financial Group ESG Report,' which discloses the major ESG (Environmental, Social, Governance) activities and quantitative data of 2020.
Shinhan Financial's ESG report is the 16th publication, the most among domestic financial companies, enhancing readers' convenience and readability by disclosing business classifications and quantified data for each ESG category.
Prior to the report's publication, Shinhan Financial released an 'ESG Highlights' in March focused on storytelling to improve readers' understanding. This ESG report is structured to allow investors and evaluation agencies to view ESG quantitative data at a glance and newly adopts the ESG information disclosure guideline recommended indicators presented by the Korea Exchange.
In terms of content, from the environmental (E) perspective, it disclosed the carbon emissions of its asset portfolio and eco-friendly financial performance through the carbon-neutral finance strategy called Zero Carbon Drive. From the social (S) perspective, it included cases of ESG projects that Shinhan Financial is focusing on, such as startup incubation and support activities for financially marginalized groups.
In particular, in the governance (G) section, readers can check specific ESG project progress such as the Social Value Measurement Framework (SVMF), which is the main activity of the ESG Strategy Committee within the board of directors, and the promotion of the Zero Carbon Drive.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "Jeong Yu-kyung Is a Neighbor"...Itaewon Standalone House with Record 23.2 Billion Won Appraisal Up for Auction [Real Estate AtoZ]
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Shinhan Financial Chairman Cho Yong-byeong stated through the report, "The answer to an uncertain management environment is ESG," and added, "Shinhan Financial will be the ESG lighthouse that walks the untrodden path of ESG first and guides stakeholders in the right direction."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
