Shinhan Bank Establishes 'ESG Management Committee'... Final Decision on Policies and Projects

Jin Ok-dong, Bank President: "Let's Find, Practice, and Internalize on Our Own"

Jin Ok-dong, President of Shinhan Bank, is attending the '1st ESG Management Committee' held via video conference on the 30th.

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced that it has established the 'ESG Management Committee' to strengthen the execution of ESG (Environmental, Social, and Governance) management and held the 1st ESG Management Committee meeting on the 30th.

The ESG Management Committee is a CEO-led ESG consultative body composed of executives, responsible for establishing the bank's ESG strategies and implementation plans, discussing collaboration among business groups, and making final decisions on ESG policies and projects.

At the first ESG Management Committee meeting held via video conference, the second half ESG management strategy was discussed, and concrete execution plans for ESG-related projects were established. In particular, to set the direction and target levels to pursue for ESG management, the bank conducted a self-assessment of ESG management by referring to various domestic and international ESG evaluation indicators.

Going forward, Shinhan Bank plans to actively implement ESG management centered on the ESG Management Committee in line with Shinhan Financial Group’s key ESG activities: ▲ Carbon-neutral finance 'Zero Carbon Drive' from an Environmental (E) perspective ▲ Support for startup growth and financially marginalized groups from a Social (S) perspective ▲ Social Value Measurement Framework (SVMF) from a Governance (G) perspective.

Jin Ok-dong, CEO of Shinhan Bank, emphasized, "Organizing your surroundings by yourself is the first step of ESG," adding, "Practice is the most important aspect of ESG. Each business group should find and practice their own ESG measures and internalize them."

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