NongHyup Financial Group Establishes Green Loan Suitability Judgment System Across All Affiliates

NongHyup Financial Group announced that it has established a group-standard green loan management system in line with the implementation of the financial authorities' 'Green Loan Management Guidelines,' and has introduced the 'Green Loan Suitability Judgment System' across all affiliates prior to loan issuance, officially launching it on the 19th.

This system is an integrated work platform that covers the entire process of handling green loans, from review (suitability judgment) to post-management, monitoring, and internal control support. Through this, each affiliate can systematically incorporate the procedures and requirements defined in the Green Loan Management Guidelines into their loan handling processes.

Key features include support for green loan suitability judgment procedures based on the Ministry of Environment's Korean green taxonomy (K-Taxonomy), automatic recommendation of green economic activities and keyword-based search through analysis of major corporate products and industries, post-management such as checking the use of green loan funds, and group status monitoring (Green Board) including calculation of the green loan ratio. In particular, the system was established for all affiliates handling loans within the group-including banking, life insurance, non-life insurance, securities, capital, and savings banks-enabling the group to build a work system that complies with supervisory regulations, while also laying the foundation for enhancing the consistency and expertise of green loan reviews.

On the 10th, group executives and employees attended and listened attentively to the user training of the 'Green Goddess Suitability Judgment System' held at the headquarters located in Jung-gu, Seoul. NongHyup Financial Group

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The Green Loan Suitability Judgment System was developed through a joint project led by the holding company and relevant affiliates starting in February this year. During the development process, seminars, business briefings, and system user training sessions were conducted for executives and employees to internalize the work processes.

Cho Jeongrae, Head of Future Growth at NongHyup Financial Group, stated, "With the establishment of the Green Loan Suitability Judgment System, the group-wide green loan work process has been standardized, and we have built a foundation for implementing and executing green finance in line with supervisory policies. Going forward, we will continue to lead ESG management by enhancing ESG finance expertise and expanding green finance."

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