Woori Bank Launches ESG Strategy 'NEXT ESG'

On April 8, Woori Bank announced that it has established its ESG management strategy, 'NEXT ESG,' and finalized the 50 key initiatives under 'NEXT 50.' The bank explained that this is part of a comprehensive overhaul of its ESG management, aiming to achieve carbon neutrality (Net-Zero) by 2050 and to strengthen its social responsibility.

The new strategy is notable for concretizing Woori Financial Group's ESG vision of "Creating a Better World Through Finance." To this end, Woori Bank has set four main directions: ▲Reducing carbon emissions (Net-zero Transition), ▲Creating social value through finance (Equity Commitment), ▲Strengthening ESG expertise (eXpert Leadership), and ▲Establishing transparent disclosure and governance (Transparency First).

The core execution plan, 'NEXT 50,' includes practical measures such as reducing greenhouse gas emissions and expanding resource recycling, increasing financial support for eco-friendly companies, and improving accessibility for financially vulnerable groups. Through these efforts, Woori Bank aims to broaden the foundation of green finance and establish a sustainable growth model based on ESG principles.

Shim Sungjin, Head of the ESG Win-Win Finance Department at Woori Bank, stated, "ESG goes beyond environmental protection and plays a crucial role directly connected to our customers' lives. Through the NEXT ESG strategy, we will create changes that customers can truly feel and lay the foundation for mutual growth between businesses and society."

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