Yoon Jong-kyu, Chairman of KB Financial Group, Appointed as Advisory Member of 'Net-Zero Banking Alliance'... The Only One in Korea

Yoon Jong-kyu, Chairman of KB Financial Group (right), and Thomas Anker Christensen, Denmark Climate Ambassador (left), are taking a commemorative photo at the new building of KB Kookmin Bank located in Yeouido on the 9th.

[Asia Economy Reporter Buaeri] KB Financial Group announced on the 10th that Chairman Yoon Jong-kyu has been appointed as the only advisory member from Korea in the Asia-Pacific region of the Glasgow Financial Alliance for Net Zero (GFANZ).

GFANZ is a global coalition consisting of over 450 financial institutions from 45 countries worldwide. It was established in April last year to promote a net-zero (zero carbon net emissions) economy through finance and to overcome the climate crisis.

Considering the importance of the Asia-Pacific region in advancing carbon neutrality, GFANZ opened its first Asia-Pacific office in Singapore and formed an advisory committee. Chairman Yoon was the only advisory member appointed from domestic financial institutions. The GFANZ Asia-Pacific advisory committee is expected to encourage participation from financial institutions to enable a swift transition to a green economy in the Asia-Pacific region and to share knowledge for achieving carbon neutrality.

The day before, Chairman Yoon met with Thomas Anker Christensen, Denmark’s Climate Ambassador, and Bjarne Einer Jensen, the Danish Ambassador to Korea, to discuss the "Role of Financial Companies in Implementing Carbon Neutrality." Chairman Yoon stated, "We will expand financial support in areas related to clean energy and other fields to achieve carbon neutrality."

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