Woori Bank Achieves Highest Grade in SustainBest ESG Evaluation
[Asia Economy Reporter Kim Jin-ho] Woori Bank announced on the 16th that it received the highest overall rating of 'AA (Excellent)' investment grade in the 'Second Half ESG Evaluation' conducted by Sustainvest, a leading domestic ESG (Environmental, Social, Governance) evaluation agency.
Sustainvest evaluates the advancement levels of environmental (E), social responsibility (S), and governance (G) sectors of companies listed on KOSPI and KOSDAQ, and announces ESG ratings in seven levels (AA-A-BB-B-C-D-E) by industry.
Notably, this year, the 'Bond-type ESG Value Evaluation' was introduced for the first time to protect bond investors and provide information, targeting 688 unlisted companies issuing bonds. Woori Bank received a high evaluation in various ESG-related areas, including ▲strengthening eco-friendly innovation capabilities through the establishment of an environmental management system ▲contributing to local communities through diverse social contributions ▲protecting shareholder rights including shareholder value return, earning the investment-grade 'AA (Excellent)' rating.
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Kwon Kwang-seok, CEO of Woori Bank, stated, “Going forward, Woori Bank will further solidify its ESG management system and create sustainable management performance to establish itself as a trusted financial institution for all stakeholders.”
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