NongHyup Financial Strengthens ESG and Global Competitiveness through Collaboration with Amundi

Vice Presidents of Both Companies Hold Shareholders' Council Meeting

NongHyup Financial Group held a video conference with France's Amundi on the 25th to discuss shareholder cooperation projects aimed at securing new growth engines for NH-Amundi Asset Management. Kim Yong-gi, Vice President of NongHyup Financial Group, is presiding over the meeting.

[Asia Economy Reporter Sim Nayoung] NongHyup Financial Group (Chairman Son Byunghwan) held a video conference with Amundi in France on the 25th to discuss shareholder cooperation projects aimed at securing new growth engines for NH-Amundi Asset Management. Amundi is the number one asset management company in Europe with assets under custody of 2,782 trillion KRW (as of the end of last year).

Kim Yonggi, Vice President of NongHyup Financial's Business Strategy Division, evaluated that the strengthening of competitiveness in the ESG and overseas investment sectors, which have been the focus of cooperation with Amundi, is progressing smoothly, and he actively explored future cooperation plans.

In the ESG sector, by sharing the advanced ESG investment processes and know-how of Amundi, a global leader in ESG investment, NH-Amundi, an affiliate, launched the 100-Year Company Green Korea Fund in September 2020, and on the 28th of this month, to commemorate the 10th anniversary of NongHyup Financial's establishment, it will launch the Right Earth OCIO Fund.

NongHyup Financial plans to carry out various ESG management activities, including implementing the TCFD recommendations to establish a climate change management system, and Amundi in France has promised to support these efforts.

In the overseas investment sector, in August 2020, NH-Amundi reorganized its global investment division and signed a sharing agreement with Amundi France regarding asset allocation strategies, overseas fund selection, and credit research to strengthen overseas investment capabilities.

Additionally, this year, a cooperative system will be established in the areas of ETFs, alternative investments, and marketing, with regular discussions on key initiatives planned.

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