47% Increase Compared to the Previous Year
Hana Financial Group announced that it created over 3.8 trillion KRW in social value through ESG (Environmental, Social, and Governance) management last year.
On the 19th, Hana Financial Group published the "2022 ESG Impact Report" containing these details.
The report stated that the Group generated a total social value of 3.8656 trillion KRW as a result of its ESG activities throughout the year, including contributions to the environment, society, governance, and indirect economic impact. This represents a 47% increase compared to the previous year, with the number of measured projects rising 228% from 57 in 2021 to 187 last year. Hana Financial measured the value using methodologies developed by global coalitions related to social value measurement such as IMP and SROI.
The detailed achievements are ▲ Environment: 95 billion KRW ▲ Society: 944.2 billion KRW ▲ Governance and indirect economic contributions: 2.8263 trillion KRW. Notably, last year, the scope of measurement expanded beyond Hana Financial Group and Hana Bank to include four affiliates?Hana Securities, Hana Card?and a public interest foundation.
Professor Shin Jae-yong of Seoul National University’s Business Administration Department, who supervised this report, assessed that "the social outcomes reported by Hana Financial Group this year are conservative figures calculated using rigorous and advanced evaluation methodologies." Professor Lee Woo-jong of the same department also explained, "In cases like greenwashing, where social outcomes are exaggerated, it can cause confusion among information users. It is essential to thoroughly review the validity of the calculated figures and methodologies, as Hana Financial Group has done."
A representative from Hana Financial Group’s ESG Planning Team stated, "Compared to the 2021 ESG impact measurement results, we achieved balanced qualitative growth in various areas through meticulous measurement aligned with global standards. Moving forward, we will continue to actively participate in solving diverse social issues and lead sustainable management by practicing the Group’s goal of ‘growing together and sharing happiness through finance.’"
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