Daegu Bank Launches Special Loan Product for ESG Excellent Companies

[Asia Economy Reporter Kim Hyo-jin] DGB Daegu Bank announced on the 9th that it has launched a special loan product called ‘ESG Grow-Up’ to promote green finance, strengthen social responsibility through ESG (Environment, Social, Governance) management, and support the sustainable growth of companies practicing ESG management.

The ‘ESG Grow-Up’ special loan product targets excellent companies that correspond to and practice one of the E (Environment), S (Social), or G (Governance) areas. Eligible companies include those with a BBB or higher environmental performance rating from the Korea Environmental Industry & Technology Institute, social economy and job-creating companies, and companies disclosing corporate governance.

Depending on credit status and collateral availability, preferential interest rates with a reduction of 1.0 percentage point or more can be applied, and preferential support is also provided for management consulting linked with the DGB Innovation Finance Consulting Center.

President Lim Seong-hoon stated, “With the launch of the ESG Grow-Up special loan product, we plan to practice ESG management through substantial financial support and strengthen social responsibility.” He added, “DGB Daegu Bank will continue to promote various policies such as introducing eco-friendly electric vehicles for business use and ESG practice campaigns, striving to be a leading bank in ESG management.”

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