Hana Financial Creates 5.54 Trillion Won in Social Value Last Year

Hana Financial Group announced through its '2024 ESG Impact Report' that it generated a total of 5.5359 trillion won in social value over the past year as a result of the group’s environmental, social, and governance (ESG) management activities.

Since 2022, Hana Financial has been transparently disclosing its ESG impact by quantifying it into financial value, in order to systematically manage the progress and achievements of its ESG management activities.

According to the report, Hana Financial realized a total of 5.5359 trillion won in social value in 2024. This figure represents a 2.4% increase (128.7 billion won) compared to 2023, and the number of the group’s social value projects subject to measurement also rose from 359 in 2023 to 468 last year, achieving both quantitative and qualitative growth.

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The breakdown of Hana Financial’s ESG management performance for last year shows 244.9 billion won in the Environmental (E) category, 3.1608 trillion won in Social (S), and 2.1302 trillion won in Governance (G) and economic contribution. In particular, the social sector’s performance increased by 40% compared to 2023. Hana Financial explained that this was the result of expanding inclusive and customer-friendly financial products such as low-interest loans for victims of rental fraud, providing childcare support for future generations, and implementing win-win support activities for small and medium-sized enterprises (SMEs) and small business owners, all of which contributed to the creation of social value.

By category, inclusive financial products accounted for 858.5 billion won, up 78% (375 billion won) from 2023, while the '100 Childcare Centers Project', which Hana Financial has been pursuing for six years since 2018, recorded 283.1 billion won in ESG performance last year.

In addition, the report details Hana Financial’s diverse ESG management achievements, including 193.5 billion won in eco-friendly investments to mitigate climate change, 20.1 billion won in win-win support for SMEs and small business owners, and 30.6 billion won for the establishment of funds to foster innovative technology ventures and startups, thereby specifying the social impact of these efforts.

Shin Jaeyong, a professor at Seoul National University who reviewed this report, stated, "Hana Financial’s report maintains consistency and comparability by inheriting its previous evaluation methodology," adding, "In particular, the evaluation methodology is becoming more sophisticated in the social sector, which is challenging to quantify, by segmenting social impact by stakeholder group."

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