Chairman Jo Yong-byeong: "The Role of Finance in Carbon Neutrality is to Accelerate the Eco-friendly Transition"

Promotion of Shinhan's Carbon Neutral Finance at the COP26 Korea Pavilion

Shin Yong-byeong, Chairman of Shinhan Financial Group (right), is presenting Shinhan Financial's carbon neutrality strategy at the 'Korea Pavilion' of the 26th United Nations Climate Change Conference of the Parties (COP26).

[Asia Economy Reporter Kwangho Lee] Cho Yong-byeong, Chairman of Shinhan Financial Group, stated on the 9th (local time) that "the role of finance in carbon neutrality lies in accelerating the transition to eco-friendly practices."

On the same day, Chairman Cho made this remark while presenting Shinhan Financial's carbon neutrality strategy at the 'Korea Pavilion' of the 26th United Nations Climate Change Conference of the Parties (COP26) held in Glasgow, UK.

Chairman Cho emphasized, "It takes great effort to turn the first wheel of implementing carbon neutrality, but by combining the strengths of each sector, we can achieve carbon neutrality in a much shorter time."

During this COP26 period, South Korea is operating the Korea Pavilion to promote various climate change response activities.

On this day, an event was held under the theme of 'Blue Sky and 2050 Net Zero Campaign for Global Climate Crisis Response' to publicize South Korea's efforts to reduce greenhouse gas emissions.

At the Korea Pavilion, starting with welcome speeches by Ban Ki-moon, Chairman of the Global Green Growth Institute (GGGI), and Yoo Young-sook, Chairperson of the Climate Change Center, Kim Hyo-eun, Climate Change Ambassador of the Ministry of Foreign Affairs, Lee Jae-jun, Mayor of Goyang, and Kim So-hee, Secretary-General of the Climate Change Center, presented on carbon neutrality strategies being promoted by the government, local governments, and civil society.

Chairman Cho represented Korean private financial institutions and introduced financial strategies and activities related to 2050 carbon neutrality to stakeholders from various countries visiting the Korea Pavilion.

He also presented Shinhan Financial's carbon neutrality strategy, 'Zero Carbon Drive,' which was the first declared by a financial institution in East Asia, as well as the methods for measuring carbon emissions of its asset portfolio and reduction targets currently being implemented.

Furthermore, he announced plans to spread Shinhan's carbon neutrality strategy to countries in the New Southern region, such as Vietnam and Indonesia, where Shinhan Financial has expanded its presence.

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