Shinhan Investment Corp. Launches Preferential Interest Rate Event for Stock-Backed Loans on ESG Companies

[Asia Economy, reporter Lee Minji] Shinhan Investment Corp. announced on September 7 that it will hold a preferential interest rate event for clients holding ESG company stocks until December 31.

This event allows clients to receive preferential stock-backed loan interest rates based on the proportion of their holdings in 60 companies selected according to ESG consensus criteria. In April, the Shinhan Investment Research Center compiled data from eight evaluation agencies, including MSCI and S&P, to establish an ESG consensus for domestic companies.

Clients who hold ESG company stocks in proportions of 30% or more but less than 50% of their portfolio will receive a 0.3 percentage point interest rate discount. Those holding 50% or more but less than 70% will receive a 0.5 percentage point discount, and those holding 70% or more will receive a 0.7 percentage point discount. The preferential rate will be offered for 180 days at a minimum interest rate of 5.5%.

Lee Kyunggil, Head of Business Promotion at Shinhan Investment Corp., stated, "Many companies are increasingly recognizing the importance of eco-friendly practices, social responsibility, and transparent management, and ESG is also becoming more emphasized in investment decisions. We have prepared this event to encourage greater interest and investment in ESG."

Shinhan Investment Corp. is fulfilling its social responsibilities as a corporate citizen through various ESG and social contribution activities, based on the ESG slogan announced by Cho Yongbyung, Chairman of Shinhan Financial Group: 'Do the Right Thing for a Wonderful World.'

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