Woori Financial Group Achieves AA Rating in MSCI ESG Evaluation

Top Level in Domestic Financial Sector

[Asia Economy Reporter Kim Jin-ho] Woori Financial Group has achieved a comprehensive 'AA rating' in the ESG (Environmental, Social Responsibility, Corporate Governance) evaluation conducted by Morgan Stanley Capital International (MSCI), a global investment information provider.

MSCI is an internationally authoritative institution in the field of ESG evaluation, assessing the ESG-related management status of over 8,500 listed companies worldwide each year, categorized by industry. The rating scale ranges from AAA to CCC in seven levels.

According to Woori Financial on the 9th, the AA rating obtained this time is an improvement of two grades compared to last year. It is the highest level in the domestic financial sector. In particular, Woori Financial received the industry's highest score in the governance board section, recognizing the excellence of Woori Financial's governance.

On the 26th of last month, Woori Financial also achieved a comprehensive A rating, an improvement of one grade compared to last year, in the '2021 KCGS ESG Evaluation and Rating Announcement' released by the Korea Corporate Governance Service (KCGS). The ESG scores in detailed subcategories also significantly increased compared to the previous year.

Son Tae-seung, Chairman of Woori Financial, stated, "The upgrade in ESG evaluation ratings is the result of active interest and cooperation from all employees across the group in the inaugural year of ESG management this year," adding, "We will continue to strengthen ESG management activities going forward."

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