Shinhan Life Establishes ESG Committee to Actively Practice ESG Management

[Asia Economy Reporter Changhwan Lee] Shinhan Life announced on the 30th that it held an extraordinary board meeting last week and resolved to establish an ESG Committee under the board of directors.

The ESG Committee is responsible for reviewing Shinhan Life's ESG (Environmental, Social, and Governance) strategic direction and deciding and reporting on related implementation plans and performance. The committee is chaired by President Sung Daegyu of Shinhan Life, with outside directors Lee Youngho and Kim Yongdeok as members.

In January, Shinhan Life established three major strategic directions based on eco-friendliness, coexistence, and trust to systematically operate ESG management: ▲ actively implementing the Zero Carbon Drive ▲ promoting the social expansion of Shinhan Life's ESG values ▲ strengthening customer protection and trust management.

To enhance execution capabilities, an ESG promotion team was newly established within the Strategic Planning Group, and an ESG Working Council was formed to facilitate organic collaboration among departments. The ESG Working Council, composed of practitioners from 10 departments including General Affairs, Products, Risk, and Investment, supports communication related to ESG management within the company.

Shinhan Life emphasized that it plans to continuously expand investment in eco-friendly fields related to renewable energy such as solar power, wind power, and biomass, and accelerate differentiated ESG management.

President Sung Daegyu of Shinhan Life stated, “The establishment of the ESG Committee is a public declaration of Shinhan Life's commitment to actively practicing ESG management, and we will carry out various activities that benefit customers and society in the future.”

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