The Korea Federation of Savings Banks Explores Sustainable Management Measures... Holds 'ESG Management Committee' Meeting

Participants are discussing at the Savings Bank 'ESG Management Committee' held on the 9th. Photo by the Korea Federation of Savings Banks

[Asia Economy Reporter Song Seung-seop] The Korea Federation of Savings Banks announced on the 10th that it held the '1st ESG (Environmental, Social, and Governance) Management Committee' to enhance the trust in the industry and practice sustainable management.

At the management committee meeting held the previous day, discussions were held under the theme of 'Current Status and Implementation Tasks of ESG Introduction in the Savings Bank Industry.' The committee plans to guide the industry on implementation tasks such as environment, social responsibility, transparent management, and ESG investment, and also monitor the progress.

The committee is an advisory body established by the Korea Federation of Savings Banks to prepare introduction and improvement measures for creating an ESG management and investment environment. It was newly established as a follow-up measure after the 'ESG Management Declaration Ceremony' held last April.

The chairman is Lee Jae-yeon, Vice President of the Korea Institute of Finance. The committee consists of a total of seven members, including external ESG experts, professional directors, industry representatives, and executives of the federation.

A representative of the Korea Federation of Savings Banks emphasized, "We will continue to discover implementation tasks for ESG management and investment in savings banks through the committee."

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