NH Investment & Securities Joins K-RE100 to Achieve Carbon Neutrality Goals

NH Nonghyup Financial Group Joins 2050 Carbon Neutrality Declaration

NH Investment & Securities announced on the 9th that it has joined the Korean RE100 (K-RE100) to achieve its carbon neutrality goals. K-RE100 is a Korean version of the carbon neutrality project voluntarily undertaken by companies, implemented since 2021 to promote the use of renewable energy and expand the domestic renewable energy industry with the aim of corporate carbon neutrality.

As a K-RE100 implementation plan for this year, NH Investment & Securities decided to purchase Renewable Energy Certificates (REC). To this end, it collaborated with the energy IT company Haezoom. Purchasing RECs has the same effect as directly producing renewable energy and is also recognized for greenhouse gas emission reduction achievements. K-RE100 can be fulfilled through purchasing Renewable Energy Certificates (REC), direct power purchase agreements (PPA), green premiums, equity investments in renewable energy power projects, or self-construction.

This membership demonstrates NH Investment & Securities’ commitment to ESG (Environmental, Social, and Governance) management as a member of the NongHyup Group based on ESG governance. NH NongHyup Financial Group, celebrating its 10th anniversary last year, officially declared '2050 Carbon Neutrality' and announced its vision for carbon neutrality by 2050.

In addition, NH Investment & Securities is actively joining international agreements such as the Net-Zero Banking Alliance (NZBA), Partnership for Carbon Accounting Financials (PCAF), Science Based Targets initiative (SBTi), and Carbon Disclosure Project (CDP) simultaneously to establish global standards for ESG management. NH Investment & Securities also plans to gradually increase the proportion of renewable energy in the future.

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