Hana Financial, all affiliates’carbon neutral’ by 2050

[서울=뉴스핌] Reporter Park Mi-ri = Hana Financial Group announced on the 10th that it will apply carbon neutrality to all affiliates of the group by 2050 in order to practice the group’s mission,’Finance to Grow Together and Share Happiness’. This is to actively participate in the government’s goal of ‘2050 carbon neutral’ and contribute to the expansion of the new and renewable energy market through the transition to a low-carbon economy.

Hana Financial Group has decided to implement coal-free financing to completely halt financing of new projects for the construction of domestic and foreign coal-fired power plants and acquisition of bonds. In addition, by completing the establishment of the’Environmental and Social Risks Management (ESRM)’ in the first half of the year, it will focus on selecting projects with environmental damage and human rights violations and suppressing financial support. Based on this, the goal is to join the Equator Principles within the year.

Hana Financial Group Myeongdong Office Building [사진=하나금융그룹]

It also strengthens various processes to enhance transparency in the ESG management practice process. We are developing the Hana Financial Group Sustainable Financial System (Hana-Taxonomy), which strictly reflects the Financial Services Commission’s green classification system (K-Taxonomy) and global standards. ▲ Reflecting environmental risks ▲ We plan to transparently manage ESG financial performance by applying environmental system product codes.

In addition, it plans to publish a TCFD report in June that reflects the guidance of the Task Force on Climate-related Financial Disclosures (TCFD).

In the last ‘2019 Sustainability Report’, Hana Financial has disclosed the group’s response to climate change risks reflecting the TCFD guide. The newly published report will include detailed analysis of climate change risks, ▲identification of high-risk sectors that the group should focus on in the future, ▲and plans to develop risk management scenarios accordingly.

In order to internalize ESG management, various ESG education and events are also conducted for employees. From March, ESG education has been planned and conducted for all employees, including newcomers, managers, and executives, thereby enhancing the overall understanding of ESG. The’Hana Green Step5 Environmental Campaign’, which has been in force since last month, is being implemented, focusing on ▲ switching to power saving mode ▲ using personal cups ▲ using stairs ▲ not leaving food ▲ using public transportation when commuting is also planned.

Meanwhile, Hana Financial, along with 30 global financial companies, participated in the enactment of the United Nations Environment Program Responsible Banking Principles (UNEP PRB) in 2018 and was incorporated into the Dow Jones Sustainability Index (DJSI) Asia Pacific Index for 5 consecutive years. In 2020, the Carbon Disclosure Project (CDP) announced the highest grade in the CDP climate change response category,’Leadership A’. It has been steadily incorporated.

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