KB Financial, S&P Global '2022 Sustainability Award' Gold Class Winner

Non-financial Performance in Environment and Society Recognized Globally

[Asia Economy Reporter Sim Nayoung] KB Financial Group was the only domestic financial company to receive the highest rating, the ‘Gold Class,’ in the banking industry sector at the ‘2022 Sustainability Awards’ announced by S&P Global.

S&P Global selects outstanding companies in each industry as ‘Gold Class,’ ‘Silver Class,’ and ‘Bronze Class’ based on the results of the Dow Jones Sustainability Index (DJSI), which evaluates corporate sustainability.

The ‘Gold Class’ is the highest rating given only to companies within the top 1% of their industry according to the DJSI evaluation results. Among a total of 7,554 companies worldwide, only 75 companies were selected. In the banking industry sector, only three global financial companies, including KB Financial, Banco Bilbao (Spain), and Kasikorn Bank (Thailand), received the ‘Gold Class’ award.

A KB Financial official stated, "Receiving the highest rating, Gold Class, at the ‘2022 Sustainability Awards’ is a result of global recognition not only for KB’s financial management performance but also for its non-financial efforts toward sustainable management. We will continue to lead ESG management proactively."

KB Financial has previously achieved the highest evaluation grades in the three major global assessments of non-financial ESG management performance?‘2021 Dow Jones Sustainability Index Evaluation,’ ‘Morgan Stanley Capital International ESG Evaluation,’ and ‘CDP (Carbon Disclosure Project) Evaluation.’

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