Hana Financial Group Announces Carbon Zero Goal with 60 Trillion KRW ESG Financing Mobilization and Supply by 2030

Hana Financial Group Declares ESG Mid-to-Long-Term Goals '2030&60' and 'Zero&Zero'
'2030&60' Aims for KRW 60 Trillion in ESG Finance by 2030
'Zero&Zero' Commits to Zero Carbon Emissions and Coal PF by 2050

Kim Jung-tae, Chairman of Hana Financial Group (center in the photo), and Hana HotTubers are performing an eco-friendly self-generating bicycle ceremony.

[Asia Economy Reporter Kiho Sung] Hana Financial Group has announced plans to procure and supply a total of 60 trillion KRW in financing for ESG (Environmental, Social, and Governance) over the next 10 years. Additionally, the group declared its commitment to achieving zero carbon emissions at its business sites and zero coal project financing by 2050.

On the 22nd, Hana Financial declared the establishment of its group ESG mid-to-long-term goals, '2030&60' and 'Zero&Zero.' The declaration ceremony was held at 'H-Plus' located in front of Hongdae in Mapo-gu, Seoul, with Chairman Kim Jung-tae and representatives from the group’s affiliates in attendance.

The first ESG mid-to-long-term goal, '2030&60,' aims to procure and supply a total of 60 trillion KRW in ESG financing for environmental and sustainability sectors over the next decade until 2030. This includes 25 trillion KRW in ESG bond issuance, 25 trillion KRW in ESG loans, and 10 trillion KRW in ESG investments. Through this, Hana Financial plans to provide extensive ESG financial support for solving social issues and promoting eco-friendly businesses.

Furthermore, the group will pursue 'Zero&Zero' as a strategic goal to achieve zero carbon emissions at its business sites and zero coal project financing by 2050. Over the next 30 years, all affiliates of the group will participate to achieve carbon neutrality and reduce the balance of coal project financing (coal PF) to zero.

To implement ESG management, Hana Financial has set three core strategic directions: ▲promoting the transition to a low-carbon economy ▲expanding social contributions through finance ▲enhancing ESG management transparency and establishing a sustainable management decision-making system. To execute these swiftly and thoroughly on the ground, the group plans to concurrently pursue nine key tasks.

Concurrent Implementation of Three Core Strategies and Nine Key Tasks for ESG Management

To strengthen ESG management, a 'Sustainable Management Committee' has been newly established within the board of directors to decide on major matters such as the group’s ESG strategies and policies. Through this, the group aims to proactively respond to global ESG issues, establish effective ESG strategies, and develop the group’s three major strategies of 'ESG Finance,' 'Platform Finance,' and 'Global Finance.'

Chairman Kim Jung-tae stated, "With this declaration, we proclaim this year as the inaugural year of ESG management for Hana Financial Group and take a new step toward a sustainable tomorrow. Based on ESG management, we will do our utmost to improve the overall group’s structure and create social value with genuine change for future generations."

In March, Hana Financial declared carbon neutrality and coal phase-out, signaling a transition to a low-carbon economy. This year, the group is working on joining the Equator Principles, establishing an environmental and social risk management system, and developing its own sustainable finance framework. Through this goal declaration, the group plans to concentrate all capabilities to realize its ESG mid-to-long-term vision called 'Big Step Tomorrow.'

Meanwhile, the 'H-Plus' venue where the declaration was announced faces the main gate of Hongdae, a hot spot for popular culture, and hosts various cultural events and participatory programs. Hana Financial explained that it symbolizes a space for participation that pursues novelty and change.