Group ESG Activities Compiled... Shinhan Financial Group Publishes '2021 ESG Highlights'

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Group has published a report summarizing the group's ESG (Environmental, Social, and Governance) activity achievements.

Shinhan Financial announced on the 16th that it has published the '2021 ESG Highlights.'

The report reveals major ESG activities and achievements through storytelling based on the three strategic directions of ESG management: ▲Eco-friendly (Do the GREEN thing) ▲Coexistence (Do the BRAVE thing) ▲Trust (Do the FAIR thing), along with concrete examples.

Additionally, through the 'Special Report' section, the group disclosed the 'Task Force on Climate-related Financial Disclosures (TCFD) Report.' This is the fourth report since 2018. For the first time among domestic financial institutions, it applied six climate change scenarios from the Network for Greening the Financial System (NGFS): ▲2050 Carbon Neutrality below 1.5℃ ▲2050 Carbon Neutrality below 2℃ ▲Delayed Transition ▲Disorderly Transition ▲2030 National Greenhouse Gas Reduction Target Implementation ▲Current Policies, analyzing financial impacts and proposing response strategies.

Alongside this, the group released ESG reports such as the 'Double Materiality Assessment,' which evaluates important issues like 'diversity' and 'human rights'?topics of high interest to major domestic and international investors?from both financial and socio-environmental perspectives, as well as corporate sustainability.

Meanwhile, since last year, Shinhan Financial has been the first domestic financial institution to publish ESG reports twice a year. In the first quarter, it publishes the 'ESG Highlights,' a summary report of ESG activities, and at the end of the first half, it publishes the 'ESG Report,' which contains detailed activities including quantitative ESG data.

Chairman Cho Yong-byeong of Shinhan Financial Group stated, "Voluntary expansion of ESG information disclosure by companies is the best way to enhance the competitiveness and transparency of ESG management," adding, "We will do our best to ensure that all stakeholders take interest in ESG and accelerate its implementation."

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