Products Supporting ESG (Environment, Social, Governance) Practice Companies
[Asia Economy Reporter Park Sun-mi] NH Nonghyup Bank announced on the 3rd that the balance of the ‘NH Eco-friendly Corporate Preferential Loan,’ which supports ESG (Environmental, Social, and Governance) practicing companies, has surpassed 2 trillion won.
The ‘NH Eco-friendly Corporate Preferential Loan’ is an ESG-specialized credit product that provides interest rate discounts and loan limit benefits to companies with excellent environmental management levels, such as those with superior environmental impact assessment grades and green certification (label certification). The loan balance exceeded 1 trillion won about 5 months after its launch and surpassed 2 trillion won about 8 months after its launch.
Companies practicing eco-friendly management, including green technology certification, excellent environmental impact assessment, and ISO14001 certification, from various industries such as construction, chemical product manufacturing, and electrical equipment manufacturing, received financial support. They received interest rate discounts of up to 1.50 percentage points and loan limit benefits, and 80% of the companies were identified as ESG management excellent companies located in provincial areas.
President Kwon Jun-hak said, “Under the motto that Nonghyup is ESG itself, we will fulfill our responsibility and role as a leading green finance bank by providing continuous and active financial support to ESG practicing companies.”
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