Kyobo Life Insurance, Ranked 'No.1 in Life Insurance' for 12 Consecutive Years in Sustainability Index

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 5th that it achieved first place in the Sustainability Index in the life insurance sector at the '2021 Korea Sustainability Conference' held at Lotte Hotel in Jung-gu, Seoul. It has held the top position for 12 consecutive years since the evaluation began in 2010.

The Sustainability Index is an indicator organized by the Korea Standards Association that evaluates each company's level of sustainable management based on the seven core subjects of ISO 26000, an international standard for social responsibility, and major ESG issues.

Kyobo Life Insurance is known to have received high marks for maintaining its sustainable management philosophy through various ESG (Environmental, Social, Governance) activities.

Representative examples include the 'Kyobo Life Cup Dream Tree Sports Competition,' a youth basic sports event held for over 35 years, 'Impact Up,' which supports job creation and education/learning for vulnerable groups through fostering social enterprises, and 'InnoStage,' which discovers and nurtures startups with innovative technologies.

In May, Kyobo Life Insurance, together with its financial affiliates, declared 'coal-free finance' and invested 3.7 trillion KRW in green finance, among other areas. In September, it became the first domestic insurer to issue ESG-certified hybrid capital securities (sustainability bonds) worth 470 billion KRW.

Cho Dae-gyu, Head of Kyobo Life Insurance's Sustainable Management Planning Office, stated, "We will continue efforts to grow together with all stakeholders by promoting sincere ESG management activities rather than focusing on short-term performance."

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