All Affiliates Launch ESG-Related Products
On the 13th, employees of NH Nonghyup Financial Group are taking a commemorative photo after subscribing to the ESG product event celebrating the 10th anniversary of Nonghyup Financial at the Nonghyup Bank headquarters in Jung-gu, Seoul. From the left: Lee Hyun-ae, Head of Personal Finance Division at Nonghyup Bank; Park Hak-joo, CEO of NH-Amundi Asset Management; Son Byung-hwan, Chairman of Nonghyup Financial Group; Yoon Sang-woon, President of Nonghyup Card; Kim Yong-gi, Vice President of Business Strategy at Nonghyup Financial Group; Hwang Jong-yeon, Head of Business Strategy at Nonghyup Financial Group. (Photo by NH Nonghyup Financial)
[Asia Economy Reporter Minwoo Lee] NH Nonghyup Financial Group is launching ESG (Environmental, Social, and Governance) related products across all its affiliates to mark its 10th anniversary.
On the 14th, NH Nonghyup Financial announced the launch of the ESG-related product series called 'Olbareun Jigu' (Right Earth). These products support customers in participating in eco-friendly consumption and environmental protection through product subscriptions, including preferential benefits for using public transportation and electric vehicles, investments specialized in ESG assets, and participation in ESG campaigns.
To commemorate the product launch, NH Nonghyup Financial Chairman Son Byunghwan subscribed to the ‘Olbareun Jigu OCIO Asset Allocation Fund’ developed by NH-Amundi Asset Management and the ‘Olbareun Jigu Card’ issued by Nonghyup Card at the Nonghyup Bank headquarters in Jung-gu, Seoul, the day before.
The ‘Olbareun Jigu OCIO Asset Allocation Fund’ selects investment assets by considering ESG factors when constructing the investment portfolio and seeks stable returns by flexibly adjusting the proportions of stocks, bonds, and alternative assets according to market conditions.
The ‘Olbareun Jigu Card’ offers a 7% billing discount on usage amounts for public transportation, shared vehicles, and electric vehicle charging. Public transportation includes city buses, subways, as well as express buses, intercity buses, KTX, and SRT.
Chairman Son Byunghwan emphasized, "ESG products must faithfully reflect customer demand and serve as a solid medium for participating in ESG activities," adding, "As a traditional leader in social contribution, Nonghyup Financial will actively practice differentiated green finance such as expanding eco-friendly investments and developing ESG products to leap forward as a leading financial company where ‘Nonghyup is ESG.’"
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