Nonghyup Bank Earns A Grade for Fifth Consecutive Year in Financial Company Governance Evaluation

Korea Institute of Corporate Governance and Sustainability's 'Financial Company Governance Evaluation'

NH Nonghyup Bank announced on November 19 that it has received an A grade for the fifth consecutive year in the 'Financial Company Governance Evaluation' conducted by the Korea Institute of Corporate Governance and Sustainability (KCGS) this year, targeting 120 financial companies (54 listed and 66 unlisted).

The Korea Institute of Corporate Governance and Sustainability conducts annual evaluations of domestic listed companies in three areas-environment, social, and governance-to assess and improve the sustainability of the evaluated companies, and publicly discloses the ratings. For unlisted financial companies, only the governance category is evaluated and announced.

Nonghyup Bank reports ESG performance and strategies to its board of directors, the highest decision-making body, based on the materiality of environment, social, and governance (ESG) issues. The contents reviewed by the board are reflected in the bank's ESG strategies. Through its annual governance and compensation system reports, Nonghyup Bank transparently discloses detailed information on the independence and expertise of the board, the independent role of the audit committee, the overall risk management system including climate risk, internal controls including ethical management, and the compensation system for executives and employees. The bank explained that these efforts have resulted in achieving an A grade for five consecutive years.

Bank President Kang Taeyoung stated, "This evaluation result reflects NH Nonghyup Bank's commitment to operating a transparent and responsible governance structure. We will continue to build trust and love from our customers and local communities by transparently practicing ESG management not only in governance but also in environmental and social areas."

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