Shinhan Financial Group Receives Top Rating in CDP Climate Response Assessment for Second Consecutive Year

Shinhan Financial Group announced on December 11 that it received the highest rating of 'Leadership A' for the second consecutive year in the climate change response assessment released by the Carbon Disclosure Project (CDP).

The group received the 'Leadership A' rating again this year, following last year, and is the only domestic financial institution to have achieved a 'Leadership A-' or higher rating for 13 consecutive years since 2013. This signifies that its climate change response and carbon reduction management are at the level of global standards.

The CDP is a project that requests climate change-related disclosures from major companies worldwide and publishes an annual report based on this information. It is regarded as the most authoritative evaluation index in the global environmental sector.

Shinhan Financial Group was the first domestic financial institution to establish and implement the 'Group Transition Finance Guidelines' for the eco-friendly transition of its asset portfolio. The group is also advancing its lending process based on a green taxonomy. In addition, it has introduced the 'Green Index System,' which measures and manages carbon emissions generated by employees during work, and is conducting energy and resource-saving campaigns, thereby striving to internalize ESG culture.

A Shinhan Financial Group representative stated, "Going forward, Shinhan Financial Group will continue to expand transition finance through its core financial role, proactively respond to the climate crisis, and create a sustainable future."

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