SK Securities' 'Coal Phase-Out Finance Declaration', Strengthening ESG Management
Suspension of Domestic and International Coal-Fired Power Plant Project Investments and Related Bond Underwriting
[Asia Economy Reporter Minji Lee] SK Securities announced on the 23rd that it declared a 'Coal Phase-Out Finance Declaration' on the 22nd at its headquarters in Yeouido to strengthen ESG management.
At the event, President Kim Shin and business division representatives attended and agreed through the 'Coal Phase-Out Finance Declaration' to △ cease participation in project financing for domestic and overseas coal-fired power plant projects and related bond underwriting △ expand investments in sustainable finance such as green finance loans and investments.
This declaration expresses the firm intention to fully halt participation in project financing and related bond underwriting for the construction of domestic and overseas coal-fired power plants in order to actively support the government's '2050 Carbon Neutrality' goal and contribute to a carbon-neutral society and sustainable growth.
Kim Shin, President of SK Securities, stated, “Efforts to solve climate issues are an inevitable global challenge for humanity going forward, and SK Securities will accelerate ESG management for a carbon-free healthy society and a sustainable future.”
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Meanwhile, SK Securities foresaw the importance of green finance and established the New Renewable Energy Headquarters in 2017. To strengthen expertise in ESG activities, expand business scope, and internalize management, the organization was expanded and reorganized this year into an ESG division including the Climate Finance Headquarters. Additionally, SK Securities has shown prominence in active ESG bond issuance and was selected as a market maker for the carbon emissions trading market in May, participating actively.
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