Hana Financial Group "Reduce Workplace Carbon Emissions by 75.4% by 2040"

[Asia Economy Reporter Song Seung-seop] Hana Financial Group announced on the 7th that it has obtained approval for its carbon reduction targets from the Science Based Targets initiative (SBTi).

SBTi is a global initiative to implement the Paris Agreement on climate change. The Paris Agreement is a commitment to limit the global average temperature increase to 1.5°C compared to pre-industrial levels. SBTi helps companies set greenhouse gas reduction targets and verifies them.

According to SBTi standards, Hana Financial Group plans to reduce its operational carbon emissions by 42% by 2030 compared to 2020 levels, and by 75.4% by 2040. For emissions from its asset portfolio, the group has set interim targets to reduce emissions by 32.8% by 2030 and 64.6% by 2040 compared to 2020. Through these efforts, the group aims to achieve carbon neutrality (net zero carbon emissions) by 2050.

Hana Financial Group will continue to promote energy consumption reduction by expanding investments in eco-friendly facilities to reduce operational greenhouse gas emissions. Industries with high greenhouse gas emissions will be managed by applying the "Hana Financial Group Sustainable Finance Industry Policy Guide."

A Hana Financial Group official explained, "With this SBTi approval, we will further strengthen the group's commitment to a low-carbon economy."

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