ESG Performance and Plans Revealed… KakaoBank Publishes 'Sustainable Management Report'

Publication Annually Going Forward

[Asia Economy Reporter Minwoo Lee] KakaoBank has published its first report detailing its sustainable management achievements and future plans. The company plans to release similar reports annually to expand its ESG (Environmental, Social, and Governance) related activities.

KakaoBank announced on the 5th that it has published this 'Sustainable Management Report.'

The report includes ESG achievements since KakaoBank's launch. It also introduces the current status and plans related to topics such as ▲ ESG governance ▲ customer-centric innovation ▲ inclusive finance ▲ ethical and compliance management ▲ and a workplace culture that is good to work in.

Yoon Ho-young, CEO of KakaoBank, stated in his greeting, "We will expand social responsibility activities and strengthen management practices that prioritize the environment and governance. We pledge to innovate into a bank that enhances the benefits of society’s members through financial technology and contributes to the development of the financial industry and economy."

To this end, KakaoBank established a dedicated ESG management team and set up an ESG Committee within the board of directors to formulate and review related strategies. Going forward, the company plans to design and operate social contribution programs linked to ESG directions, promoting qualitative growth as a company fulfilling social responsibilities and roles. Such reports will be published annually.

A KakaoBank official said, "Just as KakaoBank has created innovation by reinterpreting products and services from the customer's perspective, we will accelerate the introduction of more evolved ESG activities with KakaoBank’s unique sensibility and philosophy."

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