DGB Financial Evaluates ESG Management Within the Group

Introduction of the 'ESG Management Award' System

On the 21st, DGB Financial Group announced that it will implement the ‘ESG Management Awards’ system, which evaluates the ESG (Environmental, Social, and Governance) management performance of its subsidiaries based on the group’s ESG management evaluation criteria and awards outstanding affiliates.

This system aims to strengthen the ESG management execution capabilities of subsidiaries while enhancing the overall ESG management level of the group through sharing best practices and feedback.

DGB Financial analyzed domestic and international ESG evaluation standards to select key ESG indicators that affiliates must comply with. Based on this, the ESG management performance and achievements of affiliates are reviewed annually. Considering the characteristics of each affiliate, the evaluation groups are divided into ‘financial subsidiaries’ and ‘non-financial subsidiaries.’ Different evaluation criteria are applied to each group to calculate scores.

A new reward system will also be introduced. The ESG Management Awards Selection Committee has been established to ensure fairness. Monetary awards will be given to subsidiaries selected as ESG Management Award winners in each evaluation group.

Tae-oh Kim, Chairman of DGB Financial Group, stated, “We expect to establish a high-level ESG management system and governance through the ESG Management Awards system,” adding, “We will continue to strive to establish an organizational culture that practices ESG management and improve the efficiency of executing the group’s ESG strategic tasks.”

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