Dongyang Life Leads Sustainable Finance through ESG Management

Dongyang Life Insurance

[Asia Economy Reporter Changhwan Lee] Dongyang Life Insurance is accelerating its ESG (Environmental, Social, and Governance) management.

Dongyang Life Insurance announced on the 19th that it has been gradually expanding eco-friendly green investments such as renewable energy and green bonds over the past three years to promote environmental management.

Since climate change significantly impacts customers' lives and health, the company is replacing company vehicles with eco-friendly ones to reduce carbon emissions in the long term and is actively conducting internal campaigns to reduce paper usage.

It is also striving to establish transparent governance to enhance the rights and values of stakeholders. As part of this effort, in July, it established the 'ESG Committee,' the highest decision-making body for ESG management, to improve the expertise and transparency of the board of directors.

To establish a culture of compliance management, regular compliance training is conducted for all employees. Earlier this month, the company published a Sustainability Management Report containing its commitment to ESG management, transparently sharing its environmental and social activities and achievements with customers, local communities, and various stakeholders.

Activities for co-growth with local communities have also been steadily continued. The amount of donations has been continuously increased over the past three years. Despite the pandemic, employees and planners actively participated in more than 4,000 hours of volunteer work annually, contributing to building a sustainable society. Additionally, in December last year, the company founded the 'Angel Wing' team, consisting of 10 disabled badminton players, to promote employment for the disabled and sports development.

Zhou Guodan, CEO of Dongyang Life Insurance, emphasized, "Dongyang Life Insurance will strive for sustainable growth as a responsible corporate citizen, maximizing profits as well as shareholder and customer value," adding, "We plan to lead eco-friendly management, co-growth with local communities, and compliance management to realize 'sustainable finance for customers and society.'"

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