[라이센스뉴스 정재혁 기자] Shinhan Bank (Chairman Jin Ok-dong) announced on the 12th that it will launch a’Shinhan ESG Excellent Win-Win Support Loan’ that provides preferential interest rates for companies with excellent ESG management and their partners.
ESG (environmental, social, governance) management is a method that considers non-financial factors as well as financial factors in the decision-making process for management and investment. It is attracting attention as the core of corporate management, including the successive declaration of ESG management.
From this point of view, the’Shinhan ESG Excellent Win-Win Support Loan’ is a product that provides benefits such as 0.2% to 0.3% annual interest rate for companies with excellent ESG management level independently selected by Shinhan Bank.
In particular, Shinhan Bank has made loans available not only to companies with excellent ESG management but also to suppliers recommended by excellent companies to support the virtuous cycle of ESG management by practicing’win-win with small and medium-sized business partners’, which is the core of ESG management.
An official from Shinhan Bank said, “Starting with the’Shinhan ESG Excellent Win-Win Support Loan’, we will expand substantial ESG-related financial support and investment.” .
On the other hand, Shinhan Bank is the first commercial bank in Korea to join the Equator Principles last year and recently declared coal-free financing.