NongHyup Bank Embarks on Embedding ESG Management
2025 1st ESG Promotion Committee Held
Focus on Strengthening ESG Management and Reviewing Achievements
Plans to Expand Green Finance and Social Contribution Programs
On June 27, NH NongHyup Bank announced that it held the '2025 1st ESG Promotion Committee' at its headquarters in Jung-gu, Seoul, to further embed environmental, social, and governance (ESG) management practices. The ESG Promotion Committee serves as a consultative body overseeing NongHyup Bank's ESG management strategies, and this meeting focused on reviewing major achievements from the first half of the year and discussing plans for the second half.
On the 27th, the '2025 1st ESG Promotion Committee' was held at the headquarters in Jung-gu, Seoul. In the center of the photo is Dongha Choi, Senior Vice President of NongHyup Bank. NongHyup Bank
Photo by NongHyup Bank
Key achievements in the first half of the year included efforts to reduce internal carbon emissions, such as complying with the greenhouse gas target management system and implementing the renewable energy transition plan. The bank also played various social roles, such as expanding financial education for financially marginalized groups, including out-of-school youth, and creating Happy Space facilities for children in rural areas.
In the second half of the year, the bank plans to complete the establishment of a green loan suitability assessment system and proactively respond to transition finance guidelines to actively support companies in their transition to low-carbon operations. In addition, the bank will either expand the Choroksadari program, its agricultural and rural community contribution brand, or launch new financial education programs for youth.
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Choi Dongha, Senior Vice President of NongHyup Bank and chairman of the committee, stated, "NongHyup Bank will respond proactively to regulations and policies, and strengthen its climate crisis response system." He added, "We will support the sustainable development of local communities, rural areas, and businesses, while embedding the ESG management system within the bank."
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