Shinhan Bank Launches 'ESG Win-Win Project' for Social Contribution Activities

Inheritance of the Existing 'Donghaeng Project'
Comprehensive ESG Coverage and Expansion of Support Targets

Shinhan Bank announced on the 18th that it will implement the ‘ESG (Environment, Social, Governance) Win-Win Project’ to promote its social contribution projects in the mid to long term.

The ESG Win-Win Project is a successor to Shinhan Bank’s existing social contribution project, the ‘Donghaeng Project,’ newly established in line with social trends and the bank’s ESG management strategy. It covers all areas of ESG, including society, environment, and governance, and expands the support targets from vulnerable and marginalized groups to all stakeholders.

First, in the social sector, the project sets three main goals under the theme of ‘Happiness Together, Beautiful Coexistence’: expanding social safety nets, leading self-reliance support, and pursuing substantial changes in lives. To achieve these, the bank plans to promote projects that enhance the value of coexistence, including ▲discovering blind spots in social safety nets ▲harmonious coexistence with customers, society, and the environment ▲building self-reliance foundations and providing effective support ▲supporting youth and startups as future growth engines ▲realizing coexistence values through core business ▲practicing ESG management through culture and arts.

In the environmental sector, under the vision of becoming an ‘ESG Leading Bank that enhances the value of customers and society,’ Shinhan Bank aims to support wise overcoming of the climate crisis and actively contribute to the nation’s low-carbon economic transition. To this end, the bank plans to promote ▲presenting an eco-friendly role model through leading reduction of internal carbon emissions ▲inducing customer carbon reduction by spreading a carbon-neutral practice culture ▲strengthening growth engines through increasing eco-friendly finance and discovering new businesses.

In the governance sector, centered on the newly established ‘Win-Win Finance Planning Office,’ the bank plans to promote ▲integrated strategy planning for win-win finance ▲conceptualizing new businesses to lead win-win finance ▲collaboration on win-win finance products, services, and channels ▲operating bank-wide meetings to revitalize win-win finance.

The bank will also launch the ‘Win-Win Challenge,’ an ESG practice campaign, volunteer activities, and donations involving employees. The plan is to pursue social contribution projects from a mid to long-term perspective by considering social sustainability and investing in the future.

A Shinhan Bank official stated, “While inheriting the sincerity of the existing Donghaeng Project, we plan to develop the ESG Win-Win Project into a differentiated representative ESG business.”

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