KB Financial Group Publishes "2024 Natural Capital Disclosure Report"

Natural Disasters Such as Droughts and Wildfires Threaten Lives and Financial Stability
KB Financial Group Presents Response Strategies
Enhanced Disclosures and Biodiversity Conservation Initiatives Aligned with Global Standards (TNFD)

KB Financial Group announced on the 8th that it has published the "2024 Natural Capital Disclosure Report." KB Financial Group

KB Financial Group announced on the 8th that, in celebration of "Blue Sky Day" on the 7th, it has published the "2024 Natural Capital Disclosure Report," which transparently reveals the link between natural capital and finance and ensures alignment with global standards.

Natural capital disclosure is a system in which companies financially assess nature-related risks and opportunities and disclose their management plans to investors. This practice has been spreading internationally through the "Taskforce on Nature-related Financial Disclosures (TNFD)," which was launched in June 2021.

Record-breaking droughts and large-scale wildfires are no longer just environmental issues; they have become social disasters that threaten public safety and financial stability. The degradation of natural capital can lead to increased costs for related companies, reduced profitability, a stricter regulatory environment, and changes in consumer and investor behavior. Financial institutions also need to establish environmental risk management and sustainable investment strategies to prevent significant financial risks.

In this report, KB Financial Group included an analysis of the asset portfolio's dependence on and impact on natural capital. The report transparently discloses risks related to ecosystem services and presents concrete action plans such as biodiversity risk management, investments in pollution reduction, ecosystem restoration, and financial support for small and medium-sized enterprises. In particular, this disclosure systematically identified relevant risks based on TNFD recommendations to ensure alignment with global standards.

In addition, the report highlights KB Financial Group's various biodiversity initiatives in response to natural capital risks. Through the "K-Bee Project," the group has promoted the restoration of bee ecosystems and operated programs for the creation of nectar forests in urban and rural areas, as well as citizen participation initiatives. The "KB Sea Forest Project" has established seagrass habitats along the southern coast, simultaneously securing marine life habitats and strengthening carbon absorption capacity. Furthermore, the group has supported water resource management through ESG (Environmental, Social, and Governance) finance and has practiced coexistence with nature through employee-participation plogging and environmental volunteer activities.

A KB Financial Group representative stated, "Natural capital is a core asset that determines the future of finance," adding, "Through disclosures aligned with global standards, we will open a sustainable path where finance and nature coexist."

The "2024 Natural Capital Disclosure Report" is available in both Korean and English on the KB Financial Group website.

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