KB Financial "Korea Corporate Governance Service ESG Evaluation A+ in All Categories for 2 Consecutive Years"
The Only Financial Company with A+ in All Categories for Two Consecutive Years
[Asia Economy Reporter Park Sun-mi] KB Financial Group announced on the 27th that it was the only financial company to receive an A+ rating in all areas of Environment, Social, and Governance (ESG) as well as an integrated ESG rating for two consecutive years in the ‘2021 KCGS ESG Evaluation and Rating Announcement’ released by the Korea Corporate Governance Service.
KB Financial’s achievement of A+ ratings in all categories for two consecutive years is the result of the group’s ESG management principles, with all affiliates including KB Kookmin Bank focusing their capabilities on ESG management and continuously promoting it.
First, regarding the Environmental (E) aspect of management, KB Financial has taken the lead in responding to climate change by declaring a coal divestment policy last year, announcing a carbon neutrality promotion strategy this year, actively participating as the Asia-Pacific regional representative of the global environmental initiative NZBA (Net Zero Banking Alliance), and joining the global renewable energy transition campaign ‘RE100’.
In the Social (S) sector, KB Financial continues efforts to expand gender diversity, such as being the first financial holding company to have two female outside directors and operating the specialized program ‘WE STAR’ to nurture female talent within the group. Additionally, KB Financial’s Governance (G), which has long been recognized as the highest level of excellence domestically, leads ESG management centered on the ESG Committee within the board of directors and maintains a sustainable management system based on independence, fairness, and transparency in governance.
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A KB Financial official stated, “All employees of the group are looking in the same direction and continuously striving to expand ESG management,” adding, “Going forward, KB Financial will take the lead in practical implementation and active support as a global ESG management leader.”
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