Kwon Hee-baek, CEO of Hanwha Securities, Participates in Eco-Friendly Campaign 'GoGo Challenge'

Choi Young-kwon, CEO of Woori Asset Management, Named as Next Candidate

Kwon Hee-baek, CEO of Hanwha Investment & Securities (Provided by Hanwha Investment & Securities)

[Asia Economy Reporter Minwoo Lee] Kwon Heebaek, CEO of Hanwha Investment & Securities, participated in an eco-friendly campaign conducted by the Ministry of Environment.

Hanwha Investment & Securities announced on the 8th that CEO Kwon joined the eco-friendly campaign 'GoGo Challenge' held at the Yeouido headquarters in Yeongdeungpo-gu, Seoul.

'GoGo Challenge' is a campaign started by the Ministry of Environment in January to reduce plastic usage in daily life. Participants pledge one action to stop and one action to start through social networking services (SNS), then recommend the next participant.

CEO Kwon emphasized corporate responsibility beyond everyday eco-friendly actions with the slogan "No investment in coal industry (GO), increase investment in renewable energy (GO)."

In fact, Hanwha Investment & Securities has actively taken steps such as establishing an ESG (Environmental, Social, Governance) committee and formulating the company’s ESG strategies and policies. In January, together with Hanwha Financial affiliates, they declared ‘coal divestment finance,’ deciding not to underwrite project financing for domestic and international coal power plant construction or bonds issued by special purpose companies (SPCs).

Additionally, they signed an agreement with JiWindSky, a specialized offshore wind power developer, acquiring a 19.5% stake in ‘Cheongsapo Offshore Wind Power,’ the country’s first commercial private offshore wind project, thereby increasing investments in eco-friendly renewable energy assets such as solar and wind power.

Last month, they promoted ‘If you are new to stocks, ESG investment’ campaign, encouraging ‘right investment’ by investing in companies that prioritize the environment, consider society, and establish sound corporate governance.

CEO Kwon nominated Choi Youngkwon, CEO of Woori Asset Management, as the next participant in the GoGo Challenge. He stated, "Interest in the environment is necessary for sustainable management," and added, "We will actively practice ESG management that considers the environment and fulfills social responsibility."

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