KB Securities Achieves A Grade for 4 Consecutive Years in ESG Evaluation by Korea ESG Standards Institute

KB Securities announced on the 2nd that it received an A grade for the fourth consecutive year in the Governance (G) category of the 2023 Korea ESG Standards Institute (KCGS) ESG (Environment, Social, Governance) evaluation.

The Korea ESG Standards Institute (KCGS) is a reputable ESG evaluation organization that annually assesses and publishes ratings of domestic companies' management activities divided into Environment (E), Social (S), and Governance (G) sectors. Unlisted financial companies like KB Securities are evaluated only in the Governance (G) sector.

Based on the 'ESG+I (Investment)' strategy, KB Securities has been striving to establish itself as a leading financial company in ESG by enhancing execution capabilities evenly across ESG fields, including low-carbon management to respond to the climate change crisis, achieving mutual growth through social responsibility activities, participation in the ESG ecosystem, and collaboration with external institutions. In particular, in the governance sector, KB Securities continues to strengthen stakeholder communication, establish a transparent and rational decision-making system, harmonize leadership and employee communication, and reinforce internal control and ethical management based on a systematic ESG implementation organization.

The ESG rating from the Korea ESG Standards Institute helps capital market participants intuitively understand the potential risk levels related to companies' ESG issues and supports investment decision-making. As a result of closely analyzing and responding to the revised new evaluation criteria of the Korea ESG Standards Institute, KB Securities obtained an A grade for the fourth consecutive year and received the highest rating in the securities industry again this year following last year.

Junglim Park and Sunghyun Kim, co-CEOs of KB Securities, stated, "For companies, ESG has become a criterion for investment and selection beyond regulation and cost, and a value that guarantees sustainable growth. We will focus more on proactively reflecting global standards and requirements to establish ourselves as leaders in driving the ESG ecosystem and externally spreading positive influence and sustainable value."

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