NH Nonghyup Bank Invests in ESG Fund 'Templeton Hana New Deal Infrastructure BTL No. 3'

by Sim NaYoung

Published 15 Sep.2022 08:14(KST)

On the 13th, at the Templeton Hana Asset Management conference room in Yeouido, NH Nonghyup Bank Deputy President Kim Chun-an (right) and Templeton Hana Asset Management CEO Sung Woon-ki (left) are posing for a commemorative photo after the investment agreement ceremony for the Templeton Hana New Deal Infrastructure ESG Fund.

[Asia Economy Reporter Sim Nayoung] NH Nonghyup Bank announced on the 15th that it will participate as an investor in the ESG investment fund 'Templeton Hana New Deal Infrastructure BTL No. 3,' managed by Templeton Hana Asset Management.

Templeton Hana New Deal Infrastructure BTL No. 3 is an NH Blind Fund worth approximately 200 billion KRW that invests in educational facility projects such as the Green Smart School BTL project, and Nonghyup Bank has committed to investing 20 billion KRW of this amount.

The BTL project (Build Transfer Lease) refers to a business model where public facilities are constructed with private funds, ownership is transferred to the government, and the government supports the recovery of investment by paying rent to the private operator.

Nonghyup Bank is continuously expanding its investment in BTL funds that increase social benefits by improving social infrastructure. Starting with an investment of 100 billion KRW in 2021, it added 50 billion KRW this year, and plans to further expand ESG-related investments by participating in the Green Smart School BTL project through the fund it is currently investing in.

Kim Chun-an, Deputy Head of the Agriculture and Green Finance Division, said, "Through this participation, we will transform aging school facilities into eco-friendly, state-of-the-art learning spaces, providing children with comfortable environments and actively practicing ESG management as Nonghyup Bank."