Shinhan Financial Group, 7 Consecutive Years of Integrated 'A+' in ESG Evaluation by Korea Corporate Governance Service

Shin Yong-byeong, Chairman of Shinhan Financial Group, is delivering a welcome speech at the '20th Anniversary of Shinhan Financial Group - World Economy Institute-Shinhan Financial Group International Conference' held on the 2nd at Lotte Hotel in Jung-gu, Seoul. Photo by Moon Ho-nam munonam@

[Asia Economy Reporter Park Sun-mi] Shinhan Financial Group announced on the 29th that it has achieved an integrated A+ rating for seven consecutive years since 2015, becoming the first domestic financial institution to do so, according to the ‘2021 KCGS ESG Evaluation and Rating Announcement’ released by the Korea Corporate Governance Service.

The Korea Corporate Governance Service annually evaluates the sustainability of domestic listed companies by assessing ▲environment, ▲social responsibility, and ▲corporate governance sectors and publishes ESG ratings. Shinhan Financial received an integrated A+ rating along with A+ ratings in all sectors in the 2021 evaluation results.

Based on the group’s ESG slogan announced last September, ‘Do the Right Thing for a Wonderful World,’ Shinhan Financial is promoting its carbon neutrality strategy, ‘Zero Carbon Drive,’ and is making efforts to reduce carbon emissions through eco-friendly financial support.

Additionally, the group is conducting various social contribution activities such as region-customized job projects, establishing elementary school care co-parenting sharing centers, and supporting youth overseas employment, while leading ESG management through the ESG Strategy Committee within the board of directors.

A Shinhan Financial Group official stated, "All employees of the group are working together to create a positive impact through finance," and added, "We will continue to do our best to be respected by customers and society through sustainable management as a leading financial group."

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