Gwangju Bank Offers Preferential Interest Rates to ESG Management Excellence Companies
New Loan Product 'ESG SUPPORT LOAN' Launched
[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangju Bank (President Song Jongwook) announced on the 20th that it will launch a new loan product, ‘ESG SUPPORT LOAN,’ which offers interest rate discounts to excellent companies practicing ESG management.
The public interest product ‘ESG SUPPORT LOAN,’ which provides up to a 0.4%p interest rate discount to outstanding companies practicing win-win cooperation by strengthening ESG management in the fields of Environment, Social, and Governance, was launched to support sustainable management of local companies and to practice green finance and inclusive finance.
In the environmental sector, facility funds and operating funds are provided to companies involved in renewable energy, manufacturing and distribution of eco-friendly products, and waste recycling.
In the social and governance sectors, facility funds and operating funds are provided to social economy enterprises, companies whose CEOs are exemplary taxpayers, companies with a mandatory employment rate of persons with disabilities of 50% or more, and companies selected considering employee turnover rates.
Part of the funds raised through the 100 billion KRW scale ESG bonds recently issued by Gwangju Bank will be used to support the ‘ESG SUPPORT LOAN.’ Through this, financial support for companies practicing ESG management will be continuously strengthened.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "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
Song Jongwook, President of Gwangju Bank, said, “Amid global trends such as the COVID-19 pandemic and climate change disasters, we have focused on launching the ‘ESG SUPPORT LOAN’ to practice ESG management together with local companies, spreading positive influence in the local community and achieving sustainable growth as companies.” He added, “As the representative bank of Gwangju and Jeonnam, we will take the lead in spreading ESG management that pursues value beyond profit by practicing community-based management and inclusive finance.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
