Shinhan Bank Declares 'ESG Practice Building'... "Using Eco-friendly Products and Practicing Resource Conservation"

"Making Every Space Inside Banks a Venue for ESG Practice"

On the 12th, employees of Shinhan Bank at the Shinhan Bank headquarters located in Jung-gu, Seoul, participated in the declaration of the "Shinhan ESG Practice Building" while holding shopping bags repurposed from various discarded banners used in the bank, air-purifying plants called Stucky, and representative reusable containers such as tumblers.

[Asia Economy Reporter Park Sun-mi]Shinhan Bank announced on the 12th that it has declared all spaces within the bank as the ‘Shinhan ESG Practice Building’ to create a culture of practicing ESG (Environment, Social, Governance) in everyday life.

The ‘Shinhan ESG Practice Building’ is a space that fosters a culture of practicing ESG in daily life based on employees’ empathy and understanding of environmental and social responsibilities, and continuously promotes ESG practices. Through this declaration, Shinhan Bank plans to support employees in various ways so that they can naturally and easily practice ESG continuously in their daily lives.

First, the bank will strengthen the environmental aspects of its headquarters by replacing lunchbox containers in the cafeteria with eco-friendly products and gradually expanding the use of eco-friendly building materials within the building up to 30%. Additionally, promotional gifts provided to customers at branches will be changed to eco-friendly products such as reusable shopping bags and air-purifying plants, and will be expanded to include products from social enterprises in the future, while non-eco-friendly products will be immediately excluded.

Shinhan Bank plans to share an ‘ESG Practice Guide’ containing ESG activities that employees can easily practice in daily life to encourage voluntary participation. Representative activities include unplugging electrical appliances that are not frequently used, using personal handkerchiefs instead of paper towels, using reusable items instead of disposables, and donating unused items such as clothing and home appliances to save and recycle resources.

To ensure continuous ESG practice, Shinhan Bank will also conduct various ESG-related campaigns. First, it will carry out a campaign encouraging employees to participate in the ‘One Ton Greenhouse Gas Reduction Pledge’ organized by the Ministry of Environment, actively joining the national movement to reduce greenhouse gases through small daily actions. The bank is also considering campaigns such as a plogging relay campaign, an environmental movement involving picking up trash while jogging, and an upcycling campaign that produces eco-bags from discarded banners and payment boards through social enterprises.

Shinhan Bank will continue to discover and disseminate innovative and feasible ESG activities through an ESG practice best cases and ideas contest. In particular, it plans to operate an ESG-related CoP (Community of Practice) to support employees in proposing ESG business ideas and carrying out ESG projects, thereby strengthening their ESG capabilities.

A Shinhan Bank official said, “The most important aspect of ESG management is a culture of practice,” adding, “Starting with this declaration, we will establish a unique culture of practice at Shinhan and lead ESG management.”

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