Shinhan Bank-LS Group Sign Strategic Partnership to Promote ESG Management Culture

by Yoo Jaehoon

Published 27 Apr.2022 13:39(KST)

Cooperation on Financial Support and Other Measures to Reduce Carbon Emissions by LS Group Subsidiaries

Shinhan Bank-LS Group Sign Strategic Partnership to Promote ESG Management Culture

[Asia Economy Reporter Yoo Je-hoon] Shinhan Bank announced on the 27th that it has signed a strategic partnership with LS Group to promote an Environmental, Social, and Governance (ESG) management culture. The signing ceremony took place at Shinhan Bank’s headquarters, attended by President Jin Ok-dong and LS Group Chairman Koo Ja-eun.

Through this agreement, both parties will jointly undertake ▲financial support to reduce carbon emissions of LS Group affiliates ▲investment and merger & acquisition (M&A) financial support to discover future businesses ▲joint marketing utilizing global networks ▲building a co-growth ecosystem for partner companies through win-win deposit and guarantee agreements.

President Jin said, "This agreement, which unites efforts to create an eco-friendly ecosystem and transition to a low-carbon society, will be a meaningful step toward practicing ESG management together with Shinhan Bank and its clients." He added, "Based on close cooperation with LS Group in the future, we will fulfill the fundamental role of finance in spreading the positive influence of ESG management throughout society."