JB Financial Group Publishes 2020 Integrated Annual Report
[Asia Economy Reporter Kim Hyo-jin] On the 9th, JB Financial Group published the ‘2020 JB Financial Group Integrated Annual Report,’ which contains the main contents of sustainable management over the past year, including environmental, social responsibility, and transparent governance management performance.
The report includes the group ESG mission ‘Together with JB Financial for a Better Future,’ approved by the ESG (Environment, Social, Governance) Committee in June, along with three ESG strategic directions: ▲ Transition to sustainable future finance ▲ Finance creating social value contributing to local communities ▲ Trusted finance based on transparency.
Additionally, it contains important sustainable management issues that JB Financial Group should consider, based on the materiality assessment method recommended by the international sustainability reporting standard 'GRI Standards.'
The five major issues are ▲ Financial consumer protection ▲ Customer-centric management ▲ Realization of inclusive finance ▲ Digital transformation ▲ Strengthening ESG management, selected through online surveys of internal and external stakeholders and analysis of business impact.
In particular, this year, in addition to the existing sustainability report guidelines (GRI), global ESG standards such as TCFD (Task Force on Climate-related Financial Disclosures) and SASB (Sustainability Accounting Standards Board) were additionally applied, and ESG-related disclosure items were added accordingly.
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Last year, JB Financial Group was recognized for its differentiated ESG activity achievements, receiving an A+ rating in the evaluation by the Korea Corporate Governance Service (KCGS) and was selected as an excellent ESG company in 2020. Also, in the first half of this year, it obtained an A rating in the ESG evaluation conducted by MSCI (Morgan Stanley Capital International), a global investment information provider.
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