KB Securities Joins United Nations Global Compact to Strengthen ESG Leadership

▲ (From left) Seonghyun Kim, Junglim Park, CEO of KB Securities, and Chuntaek Kwon, Secretary General of the UNGC Korea Association, are holding the UN Global Compact membership certificate presentation ceremony at the KB Securities headquarters in Yeouido, Seoul. (Photo by KB Securities)

[Asia Economy Reporter Kwon Jaehee] KB Securities announced on the 15th that it has joined the United Nations Global Compact (UNGC) to fulfill social responsibility and strengthen ESG leadership.

On the same day, KB Securities held a certificate delivery ceremony for joining the UNGC at its Yeouido headquarters, attended by KB Securities CEOs Park Jungrim and Kim Seonghyun, and Kwon Chuntaek, Secretary General of the UNGC Korea Association, among other officials.

The United Nations Global Compact is the world's largest voluntary international agreement on corporate social responsibility aimed at sustainable development. Approximately 19,000 members worldwide, including governments, companies, civil society, and organizations, participate.

Member companies must comply with the 10 principles across four areas (human rights, labor, environment, anti-corruption), fulfill their social responsibilities, and submit an annual Communication on Progress (COP) report to achieve the Sustainable Development Goals (SDGs).

Kwon Chuntaek, Secretary General of the UNGC Korea Association, said, "We appreciate KB Securities, which is leading the domestic securities industry, for actively participating in initiatives and practicing ESG management," and added, "We hope KB Securities becomes a company that leads social responsibility and serves as a stepping stone for the growth of customers and social development along with its own growth."

KB Securities plans to internalize the UNGC's core values of the '10 principles across 4 areas' into its management activities and disclose sustainable management performance to stakeholders. In particular, KB Securities established the first ESG committee within the board of directors among domestic securities firms in 2020 and created a dedicated organization, executing key strategic tasks centered on the 'ESG + I (Investment)' strategy.

As a result, KB Securities received the highest grade of A in the governance sector evaluation by the Korea Corporate Governance Service last year. It also earned an AA rating in ESG evaluation by Sustainvest, recognizing its faithful practice of ESG management externally.

KB Securities CEOs Park Jungrim and Kim Seonghyun stated, "Through joining the UNGC, we will build close cooperative relationships with global leaders and gather wisdom to solve national-level challenges," and added, "As a core affiliate of KB Financial Group, a leading financial group, we will lead sustainable management through the implementation of global initiatives."

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