DGB Financial Group Develops Mid- to Long-Term ESG Management Roadmap

[Asia Economy Reporter Kim Hyo-jin] DGB Financial Group announced on the 20th that it has established a phased ESG (Environmental, Social, Governance) roadmap linked to the group strategy to practice mid- to long-term ESG management at the group level.

This was prepared to realize the group mission of "Creating a world everyone dreams of through warm finance" and the group vision of "S.M.A.R.T. financial group leaping into the future."

According to the roadmap, the goals are set as ▲ strengthening the ESG management system by 2022 ▲ implementing and advancing execution tasks by 2024 ▲ becoming a global-level exemplary ESG management group by 2025.

To strengthen the ESG management system by 2022, starting with the group-level ESG management declaration in March and the establishment of the "ESG Committee" within the holding company’s board of directors, which is the highest decision-making body related to ESG, the group will promote the establishment of an integrated group strategy considering ESG when formulating strategies for the group and each subsidiary.

At the management level, the introduction of ESG performance evaluation and compensation systems is planned. Starting with ESG evaluations for executives, it will be expanded to the level of headquarters evaluations for each subsidiary. From a risk management perspective, the group will begin building a system to manage ESG opportunities and risks.

By 2024, to implement and advance ESG execution tasks, the group plans to discover and execute detailed ESG tasks by unit and reflect ESG factors in loan and investment screenings. Additionally, within three years, it aims to expand and internalize ESG awareness among employees.

By 2025, to leap forward as a global-level exemplary ESG management group, the group plans to establish ESG performance evaluation and compensation systems and strengthen cooperation systems with external stakeholders. It also aims to enhance ESG information disclosure infrastructure and complete an integrated ESG business model.

DGB Financial Group pursues the vision of "Leading the New Normal through ESG Management" to achieve the group mission, and the strategic goal to achieve this is set as "Creating sustainable financial performance based on environment, society, and governance."

The ESG strategy derives three directions in each of the environmental (E), social (S), and governance (G) areas, and plans to continuously implement them by establishing goals and performance indicators through future ESG governance.

Chairman Kim Tae-oh said, "We are systematically implementing detailed tasks according to the mid- to long-term ESG management strategy and roadmap through collecting opinions from each department of the holding company and subsidiaries," and added, "Since this year is the first year to fully activate ESG management at the group level, we will proceed boldly and quickly."

Meanwhile, DGB Financial Group held its first "ESG Management Council" last month to promote practical ESG management in each affiliate, where nine affiliates gathered to discuss the direction of ESG execution and share progress. The ESG Management Council consists of the holding company’s head of sustainable management and ESG management officers from each subsidiary and supports the ESG Committee.

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