Sustainable Management Investment and Accounting Standards... Hana Financial ESG Report Published

The First Sustainability Accounting Standards Report Released by a Domestic Financial Company

[Asia Economy Reporter Minwoo Lee] Hana Financial Group has published a report detailing last year's ESG (Environmental, Social, Governance) activities, including investment performance aligned with sustainable management and accounting standards.

Hana Financial Group announced on the 27th that it has published the '2021 ESG Report.' This year's report, the fifteenth edition, contains the ESG activity achievements from the previous year.

First, on the environmental (E) front, key achievements included ▲establishing a scientific carbon emission reduction target in response to climate change (SBTi) ▲expanding financial accessibility through joint branches and Culture Bank ▲signing an artificial photosynthesis agreement with the Korea Advanced Institute of Science and Technology (KAIST).

Additionally, the social (S) aspect of ESG achievements was self-assessed at 2.6227 trillion KRW. This reflected efforts such as the establishment of the 100th Hana Daycare Center and providing a COVID-19 living treatment center at the Hana Global Campus.

Regarding governance, the report included activities of the Sustainability Management Committee and the Consumer Risk Management Committee, focusing on consumer protection, strengthening internal controls, and human rights-centered management.

Meanwhile, with the strengthening of ESG disclosure standards this year, the '2021 Hana Financial Group Sustainability Accounting Standards Board (SASB) Report' was also published, marking the first such report by a domestic financial company. SASB is an ESG-related sustainability disclosure standard established by the U.S. Sustainability Accounting Standards Board. It measures value by linking ESG factors not reflected in corporate financial statements with financial performance. The report was prepared according to the SASB industry classification system, covering items such as ▲data security ▲systematic risk management ▲corporate ethics ▲employee diversity and inclusion ▲integration of ESG factors in credit analysis ▲professional integrity.

The full report is available for download on the group’s website. A representative from Hana Financial Group’s ESG Planning Team stated, "We prepared the '2021 ESG Report' to transparently disclose ESG management activities that can be referenced for actual investment, moving beyond simple performance introduction-focused sustainability reports. We will continue to fulfill our social responsibilities through sincere ESG management practices."

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