KB Financial Group Strengthens Position as Carbon Neutral Leader by Joining NZBA

Global Environmental Initiative: 'NZBA Membership'

[Asia Economy Reporter Park Sun-mi] KB Financial Group announced on the 21st that it has joined the Net-Zero Banking Alliance (NZBA), a global environmental initiative, as a founding member.

NZBA is a global leadership group of banks aiming for carbon neutrality (Net-Zero) by 2050 and will officially launch on the 22nd. Member financial companies will take the lead in reducing greenhouse gases by increasing financial support to companies with eco-friendly technologies.

KB Financial has participated in the establishment process of NZBA since March and contributed to setting carbon neutrality implementation tasks and drafting the declaration along with Bank of America (BOA), Goldman Sachs, and others.

Through this NZBA membership, KB Financial will play a pivotal role in achieving a carbon-neutral economy as a leading domestic financial group, and internally, it will continue efforts such as establishing the group’s greenhouse gas reduction targets and transparently disclosing them.

A KB Financial official said, “Joining NZBA is significant in that we have joined the era’s trend toward carbon neutrality and proactively discussed the ‘responsibility of finance’ with global banks,” adding, “We aim to actively fulfill the role of financial companies in reducing greenhouse gases and build sincere ESG (Environmental, Social, and Governance) leadership through trustworthy disclosures.”