Shinhan Financial Group Launches 'ESG Jinsim Project' Season 2 with Expanded Programs and Increased Support

Designation of 'ESG Genuine Week' in the Fourth Week of April, All Employees Practice Energy Saving

Shinhan Financial Group announced on the 5th that it has launched the 'ESG Genuine Project Season 2,' a practical strategy for the group's sincere implementation of environmental, social, and governance (ESG) initiatives.

The ESG Genuine Project is a practical strategy systematized into three commitments by Shinhan Financial: ▲ sourcing energy from eco-friendly sources if energy must be used (energy efficiency) ▲ saving energy during the usage process (energy conservation) ▲ and returning the saved resources to society (supporting energy-vulnerable groups).

In the 'Energy Sincerity Project Season 1' conducted last year, Shinhan Financial supported energy-vulnerable groups with 2 billion KRW raised through the 'Shinhan Save Campaign.' The group also engaged in various activities such as procuring 100% renewable energy for its data center to reduce carbon emissions.

This year, the project will proceed as ESG Genuine Project Season 2, adding more diverse initiatives and expanding support for energy-vulnerable groups compared to last year.

First is the 'Energy Efficiency Project' targeting major group real estate such as Shinhan Bank headquarters and Shinhan Card headquarters. Based on Korea Electric Power Corporation's electricity usage data, the plan is to save 50 million KRW annually in energy costs by optimizing tariff plans and adjusting peak electricity usage, with plans to expand the target real estate in the future.

Second is 'Shinhan Save Season 2,' where all employees across the group practice energy conservation. This year, various energy reduction methods will be explored to increase savings, and efforts will continue to establish a culture where employees' energy-saving actions lead to donations.

Lastly, in celebration of Earth Day, the fourth week of April will be designated as 'ESG Genuine Week.' Activities include ▲ the 'Earthling Campaign (22nd)' where all employees participate in plogging and practice daily energy saving ▲ support for multi-child households in vulnerable groups to address low birth rates (24th) ▲ launch of the 'Green Index System (25th)' to promote energy efficiency at work, such as turning off PCs after work and managing paper usage ▲ ESG practical training for client companies to foster win-win growth with SMEs (25th) ▲ and 'Resource Circulation Day (26th)' to collect and recycle employees' discarded home appliances.

Chairman Jin Ok-dong stated, “Shinhan Financial focuses on strengthening its social role through energy efficiency and conservation in response to the climate crisis, as well as supporting vulnerable groups. We will continue to expand various ESG initiatives to deliver sincere messages to our customers and society.”

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