Hana Bank "First in Domestic Financial Sector to Conduct ESG Finance Screening Based on K-Taxonomy"

Automatic Identification of ESG Finance Review Targets in Corporate Finance Sector

Hana Bank has established the first ESG (Environmental, Social, and Governance) financial screening system in the domestic financial sector that reflects the Korean Green Taxonomy.

Hana Bank announced on the 14th that it built this system by incorporating the Korean Green Taxonomy, 'K-Taxonomy.'

'K-Taxonomy' is a standard set by the Ministry of Environment that classifies eco-friendly economic activities such as greenhouse gas reduction and climate change adaptation. It was prepared to activate green finance and achieve a sustainable circular economy system.

Hana Bank's ESG financial screening system automatically identifies targets requiring ESG financial review when conducting corporate finance or direct investments. This allows factors such as K-Taxonomy compliance, greenhouse gas emissions, reduction targets, and monitoring results to be reflected in financial support decision-making.

Additionally, this system applies technology linked to the bank's IT system construction project, 'Project One.' It is also explained that it can prepare for the ESG information disclosure system scheduled for 2025.

A Hana Bank ESG Planning Department official stated, "With the establishment of the 'ESG Financial Screening System' reflecting K-Taxonomy, internal management standards for green finance have become clearer," and added, "Based on the advanced ESG financial system, we will continue to systematically expand financial support for green economic activities."

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