[Asia Economy Reporter Junho Hwang] Hana Financial Investment is promoting a greenhouse gas reduction project by distributing 123 solar-powered water purification facilities across six districts in Bangladesh as part of its ESG (Environmental, Social, Governance) management initiative.
On the 28th, Hana Financial Investment stated that Bangladesh, which faces high population density and drinking water shortages, will benefit greatly in terms of greenhouse gas reduction and job creation by employing solar-powered water purification facilities instead of fossil fuels, which will also require hiring personnel to manage these facilities.
The carbon credits generated from the Bangladesh solar water purification project amount to approximately 940,000 tons. Hana Financial Investment will receive these credits from the global certification body 'Gold Standard.' Once certified by this organization, the credits can be utilized as emission rights in multiple countries.
Lee Dong-hyuk, Head of Global Market Operations at Hana Financial Investment, said, "This project is meaningful as it links Hana Financial Group's ESG management and voluntary carbon neutrality policies with social contribution activities for one of Asia's poorest countries," adding, "We will continue to strive to contribute to achieving global carbon neutrality by discovering various voluntary carbon reduction projects."
Meanwhile, Hana Financial Investment has been participating as a market maker in the domestic carbon credit market since March. To expand its proactive business in the voluntary carbon market, it has reported to the Financial Supervisory Service the self-trading and over-the-counter brokerage operations for voluntary carbon credits, becoming the first in the industry to declare its market entry.
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