Woori Financial Group Joins Carbon Neutrality Campaign 'Business Ambition for 1.5℃'

[Asia Economy Reporter Jin-ho Kim] Woori Financial Group announced on the 8th that it has joined the global initiative 'Science Based Targets initiative (SBTi)' as part of its roadmap to achieve carbon neutrality and will participate in the 'Business Ambition for 1.5℃' campaign.

SBTi is a global private collaboration that helps companies set and verify greenhouse gas emission reduction targets to implement the Paris Climate Agreement. Upon joining SBTi, companies must set and disclose their greenhouse gas reduction targets within two years. Woori Financial Group plans to establish scientifically based greenhouse gas reduction targets and have them verified by SBTi.

Additionally, Woori Financial Group will participate in the 'Business Ambition for 1.5℃' campaign as the first domestic financial company to proactively reduce carbon emissions. This campaign is an international cooperation effort to limit the global average temperature rise to within 1.5℃ compared to pre-industrial levels, with over 800 global companies currently participating.

Son Tae-seung, Chairman of Woori Financial Group, emphasized, "The whole world must actively cooperate to respond to the climate crisis," and added, "We will fulfill our responsibilities and roles to create a sustainable world through finance."

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