Daegu Bank Receives Highest AA Grade in ESG Comprehensive Evaluation ... Announced by Sustainvest

DGB Daegu Bank (President Hwang Byung-woo) received the highest grade of AA in the ‘2023 Second Half ESG Comprehensive Evaluation’ announced by Sustainvest.

Sustainvest is one of the most credible domestic ESG evaluation agencies, assessing the level of sustainable management in the environmental, social, and governance sectors and announcing ESG ratings. This evaluation was conducted on a total of 1,270 companies, including 755 listed on the KOSPI market, 310 listed on the KOSDAQ market, and 205 unlisted companies.

Daegu Bank Headquarters.

The highest grade received by DGB Daegu Bank in the announcement on the 15th marks an improvement of one level compared to last year. This is interpreted as external recognition of DGB Daegu Bank’s efforts to internalize ESG management by establishing a dedicated ESG organization, enacting ESG work regulations, and leading the development of an ESG data platform.

Under the mission of ‘Creating a world everyone dreams of through warm finance,’ DGB Daegu Bank is building a sustainable management model in terms of ESG (environmental, social, governance) and is promoting and practicing ESG management activities in various ways.

In particular, in this Sustainvest ESG comprehensive evaluation, the bank received high scores for shareholders’ rights and the composition and activities of the board of directors, earning favorable reviews.

In the environmental sector, the bank has implemented practices such as establishing an E-circulation governance resource circulation system, signing a joint business agreement to promote energy savings with the Korea Electric Power Corporation Daegu Headquarters, and expanding paperless initiatives to reduce paper usage. In the social sector, it has continuously maintained sustainable management through close cooperation with the local community, including obtaining recognition for blind fair recruitment, participating in the ‘Cool Korea Challenge,’ and signing a ‘Carbon Neutral Practice Corporate Financial Support Business Agreement’ with the Korea Credit Guarantee Fund.

A DGB Daegu Bank official analyzed, “This Sustainvest evaluation is an important result recognizing DGB Daegu Bank’s pioneering capabilities, having published the first sustainable management report among domestic companies in the banking industry in 2006 and steadily expanding ESG management practices.” He added, “We will continue to maintain this advanced level of business and play a leading role in sustainable management together with the local community.”

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