Shinhan Bank Publishes '2020-2021 ESG Report'

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 28th that it has published the '2020-2021 ESG Report,' the first of its kind among domestic commercial banks, to transparently disclose its sustainable ESG (Environmental, Social, and Governance) activities and achievements.

Since 2013, Shinhan Bank has been the only bank in the sector to publish an 'Environmental Report' to communicate with stakeholders. From 2021, it expanded and reorganized the existing environmental report into an ESG report to share ESG activities and achievements across the entire bank.

This report is structured to help the understanding of key stakeholders such as customers, society, and employees, rather than from the bank's perspective, with chapters titled ▲With Customer ▲With Community ▲With Employee. The main design features Shinhan Bank's representative character, Sol, to add a sense of friendliness.

Additionally, a special page on this year's major ESG initiatives was created to provide detailed information on Shinhan Bank's ESG activities, including ▲Establishment of ESG Framework ▲Strengthening Climate Change Response ▲ESG Risk Management ▲Digital Innovation.

In particular, to ensure the accuracy and external credibility of the information included in the ESG report, indicators from the Global Reporting Initiative (GRI Standards), Sustainability Accounting Standards Board (SASB), and Task Force on Climate-related Financial Disclosures (TCFD) were reflected, and verification was conducted by an independent third-party verification institution.

A Shinhan Bank official stated, "Under the clear vision of ESG that enhances the value of customers and society, we will strive to become a steadily growing company," adding, "We will continue to focus on ESG activities to achieve a positive virtuous cycle in line with Shinhan Financial Group's ESG slogan, 'Right Actions for a Better World.'"

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