IBK Industrial Bank, Selected by Global Finance as 'Best Bank for Sustainable Finance'
Global Award in Sustainable Finance Sector... First Case for a Domestic Bank
IBK Industrial Bank announced on the 6th that it has received the 'Best Sustainable Finance Bank Award' from the global financial magazine Global Finance. With this award, IBK became the first financial institution to sweep all categories globally, in Asia, and in South Korea, gaining international recognition for its outstanding ESG (Environmental, Social, and Governance) capabilities.
The detailed award categories for the 'Best Sustainable Finance Bank Award' include ▲ Best Global Bank for ESG-related Loans ▲ Best Asian Bank for ESG-related Loans ▲ Best Asian Bank for Social Bonds ▲ Best Sustainable Finance Bank in South Korea. This is significant as IBK won in both social bonds and ESG-related loan sectors, which were previously dominated exclusively by foreign banks.
IBK was highly evaluated for its proactive efforts in ESG initiatives such as ▲ issuing the largest gender equality bonds in the Asia-Pacific region ▲ arranging the first RE100 fund in the financial sector ▲ launching innovative products like ESG management success support loans ▲ providing free customized ESG management consulting for small and medium enterprises ▲ inclusion in Bloomberg Gender-Equality Index.
Kim Sung-tae, the bank president, expressed, "We are very pleased that IBK's ESG management has been recognized worldwide," adding, "We will continue to strive to bring positive impacts to our customers and society through value-based finance."
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Meanwhile, in December last year, IBK also received the 'Best SME Finance Bank Award in South Korea' from Global Finance and Asia Money, further gaining international recognition for its excellence in SME finance.
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