Shinhan Life Publishes '2023 ESG Performance Report'

Shinhan Life has published the '2023 ESG Performance Report,' which contains the ESG (Environmental, Social, and Governance) strategies and activities it has been promoting to practice sustainable management.

According to Shinhan Life on the 5th, this ESG performance report is the second edition following the first edition released last year. In this report, Shinhan Life has recorded in more detail the ESG values and activities it is practicing in line with Shinhan Financial Group's goal of 'Securing the Status as Asia's Leading ESG Financial Group.'

Shinhan Life has declared eco-friendly management, mutual growth management, and trust management practice, striving to create visible results by assigning quantitative indicators and goals. To lead eco-friendly finance, it is continuously increasing the proportion of eco-friendly loans and investments according to its renewable energy portfolio. Additionally, to spread inspiration, value, and positive influence, it is carrying out various social contribution projects targeting vulnerable children, people with disabilities, the elderly, and youth preparing for independence.

To practice ethical finance through transparent governance, in 2022, Shinhan Life established the ESG Committee, the highest decision-making body for ESG under the board of directors, completing the governance system. The committee discusses ESG missions, strategic directions, detailed implementation tasks, and goals to support the practical promotion of ESG projects.

For smooth communication and business execution, a regular ESG working-level council composed of practitioners from general affairs, product, risk management, and investment departments is held to maintain company-wide execution capabilities. Last year, Shinhan Life was the first in the industry to receive an 'A+' grade in the governance sector from the Korea ESG Standards Institute and was selected as the 'Best Governance Company' in the financial sector for two consecutive years.

A Shinhan Life official stated, “We are taking sincere steps forward to communicate transparently with stakeholders and leap forward as an advanced insurance company. We will continue to strive tirelessly to add new value to our society based on ESG management and establish ourselves as a company that grows sustainably with customers' trust.”

This report was prepared in accordance with the international sustainability management reporting guideline 'GRI' (Global Reporting Initiative) and enhanced the report's accuracy and external credibility through independent third-party verification.

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