NH Nonghyup Bank Holds 1st ESG Promotion Committee Meeting

NH Nonghyup Bank announced on the 17th that it held the ‘1st ESG (Environmental, Social, and Governance) Promotion Committee’.

On the 15th, Nonghyup Bank held the committee meeting at its headquarters in Jung-gu, Seoul, to report on the previous year’s ESG management status and discuss future carbon neutrality implementation strategies and climate crisis response plans. The ESG Promotion Committee serves as the control tower for Nonghyup Bank’s ESG management.

This year, Nonghyup Bank plans to sequentially implement execution strategies to achieve ‘2050 Carbon Neutrality’ by establishing and managing a carbon emissions management system. It also announced that it will systematically respond to risks arising from climate change by actively utilizing the ‘Climate Risk Management Model’ jointly promoted with the Financial Supervisory Service.

Last year, Nonghyup Bank expanded green finance by launching ESG-specialized products such as the NH Eco-friendly Corporate Preferential Loan, saved 87.41 million sheets of paper through digital transformation, received the highest grade in the Financial Services Commission’s ‘Regional Reinvestment Evaluation,’ and ranked first among banks in the Financial Supervisory Service’s ‘Support for Low-income Financial Services Evaluation.’

Geum Dong-myeong, Vice President of Nonghyup Bank’s Agriculture and Green Finance Division and Chair of the ESG Promotion Committee, said, “We will strive to share the value of a better life with all citizens through continuous ESG management practice.”

Geum Dong-myeong, Chairman of the ESG Promotion Committee at NH Nonghyup Bank, is speaking at a meeting on the 15th. Photo by NH Nonghyup Bank

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