Hana Financial Group Joins Biodiversity Initiatives TNFD and PBAF

Accelerating Sustainable Finance

Hana Financial Group will participate in international biodiversity-related organizations to promote sustainable finance development in the Asia-Pacific region.

Hana Financial Group announced on the 8th that it has joined the international ESG (Environmental, Social, and Governance) initiatives related to biodiversity, 'TNFD (Taskforce on Nature-related Financial Disclosures)' and 'PBAF (Partnership for Biodiversity Accounting Financials)'.

'TNFD' is an international environmental organization working to prevent nature loss and restore ecosystems. It provides standards for companies to disclose nature-related financial information. 'PBAF' was established to measure the impact of financial institutions' loans and investments on biodiversity.

Through participation in 'TNFD', Hana Financial Group plans to identify the financial industry's impact on nature and establish and disclose strategies and goals to reduce risk factors. By applying biodiversity-related accounting standards from 'PBAF', the group intends to quantitatively manage the financial impacts arising from natural capital.

Ham Young-joo, Chairman of Hana Financial Group, stated, "This year, we will focus on and actively participate in the biodiversity sector, which is gaining importance due to issues such as the COVID-19 pandemic and resource depletion. We will expand financial investments in biodiversity conservation, a field with enormous potential, fulfilling the role of a financial institution committed to environmental and social responsibility."