Shinhan Financial Achieves Top AAA Rating in MSCI ESG Evaluation for Second Consecutive Year

On August 4, Shinhan Financial Group announced that it had received the highest AAA rating for the second consecutive year in the ESG evaluation conducted by Morgan Stanley Capital International (MSCI).

Since 1999, MSCI has conducted a comprehensive ESG performance assessment of approximately 8,500 listed companies worldwide every year. The evaluation grades are divided into seven levels, ranging from AAA (the highest) to CCC (the lowest). Among these, the AAA grade is awarded only to companies within the top 9% of the banking industry evaluation targets.

Shinhan Financial received the AAA rating again this year, following last year, due to its excellent performance in areas such as climate change response, financial accessibility, and advanced corporate governance.

In particular, this year, Shinhan Financial became the first domestic financial institution to establish a transition finance guideline and has developed and is operating a green index system to reduce internal carbon emissions. In July 2023, Shinhan Financial also became the first domestic financial holding company to establish a consumer protection division, thereby strengthening the institutional foundation against financial fraud and related issues.

A Shinhan Financial official stated, "This AAA rating is recognition of the group's substantial efforts across all ESG areas, including climate change response, consumer protection, and governance improvement," and added, "We will continue to take the lead in creating social value through proactive ESG initiatives."

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