Export-Import Bank Holds 1st ESG Committee Meeting... Reviews Next Year's ESG Management Plan

Appointed Outside Director Jeong Dami as Chairperson... To Oversee and Manage Overall ESG Management Activities

The Export-Import Bank held the "1st ESG Committee Meeting" on the 24th at its Yeouido headquarters to review next year's ESG management promotion plans. Photo by Jung Dami, Chairperson of the KEXIM ESG Committee (Dean of Myongji University Business School), on the far left.

[Asia Economy Reporter Park Sun-mi] The Export-Import Bank of Korea (hereinafter ‘KEXIM’) held the ‘1st ESG Committee Meeting’ and reviewed the ESG management promotion plan for next year.

On the 24th, KEXIM announced that it held the ‘1st ESG Committee Meeting’ at its Yeouido headquarters. Earlier, in September, KEXIM established an ESG Committee under the Board of Directors, consisting of three members. The KEXIM Board appointed Jung Da-mi, Dean of the Graduate School of Business at Myongji University and an outside director, as the chairperson, and Bang Moon-kyu, the president, and Yoo Bok-hwan, an outside director, as committee members.

To ensure expertise and objectivity, KEXIM also appointed three external advisory members. Experts in each field related to Environment (E), Social (S), and Governance (G) ? Cho Kyung-jin, Dean of the Graduate School of Environmental Studies at Seoul National University; Kim In-soo, former Vice Chairman of the Anti-Corruption and Civil Rights Commission; and Shin Jin-young, President of the Korea Capital Market Institute ? will serve as advisory members of the KEXIM ESG Committee.

The ESG Committee will manage and supervise all of KEXIM’s ESG management activities, including reviewing major ESG-related management issues and establishing ESG business plans in the future.

At the first ESG Committee meeting held that day, the committee reviewed KEXIM’s ESG management promotion plan for next year and shared domestic and international trends and prospects related to climate change. At the meeting, President Bang shared his impressions from attending the recent United Nations Climate Change Conference of the Parties (COP26) and emphasized the need to expand the role of finance in responding to climate change.

Chairperson Jung Da-mi stated, “In the past, financial factors and short-term performance creation were important for companies, but for sustainable growth, management that considers non-financial factors of Environment, Social, and Governance must be established.” She added, “KEXIM should firmly strengthen the ESG management foundation it has actively promoted this year, enhance effectiveness by internalizing ESG into all business processes, and lead ESG management as a policy bank.”

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