NongHyup Bank Holds 2nd ESG Promotion Committee Meeting

On the 12th, at the ESG Promotion Committee held at the NongHyup Bank headquarters in Jung-gu, Seoul, Chairman Ji Junseop (Executive Vice President of Agriculture and Green Finance Division) delivered the opening remarks.

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 14th that it held the '2nd ESG (Environmental, Social, and Governance) Promotion Committee.'

The ESG Promotion Committee, held on the 12th at Nonghyup Bank's headquarters in Jung-gu, Seoul, is a consultative body that establishes and oversees the bank's ESG management strategy. It was organized to share this year's ESG promotion achievements and discuss the direction of business promotion for the next year.

Key achievements this year include joining global initiatives such as the Equator Principles, CDP, and UNEP FI; receiving the highest grade for two consecutive years in the regional reinvestment evaluation hosted by the Financial Services Commission and the Financial Supervisory Service; and obtaining an 'A grade' in the external ESG evaluation conducted by the Korea Corporate Governance Service.

Next year, the bank plans to systematically respond to climate change by measuring and managing the carbon emissions of its asset portfolio according to carbon emission management plans and to thoroughly prepare for external evaluations by global ESG rating agencies.

Chairman Joonseop Ji (Vice President of Agriculture and Green Finance Division) stated, "If this year we achieved the initial goal of rapidly establishing an ESG management system, next year we will internalize ESG more systematically and swiftly to leap forward as a leading ESG bank that truly embodies the phrase 'Nonghyup is ESG.'"

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