BNK Financial Group Receives 'Minister of Environment Award' for Excellence in Green Management

Financial Holding Company Wins Award for Environmental Information Disclosure... Demonstrates Leadership in Green Finance

Busan Bank Leads Issuance of Korean-style Green Bonds, Receives 'Environmental Technology Institute Director Award'

BNK Financial Group (Chairman Bin Dae-in) announced on the 11th that both the financial holding company and BNK Busan Bank were honored with awards at the ‘2024 Green Management and Green Finance Excellent Companies’ ceremony held on the 10th, hosted by the Ministry of Environment and organized by the Korea Environmental Industry & Technology Institute.

At the ceremony, BNK Financial Group received the ‘Minister of Environment Award’ in the ‘Environmental Information Disclosure’ category, while BNK Busan Bank was awarded the ‘Korea Environmental Industry & Technology Institute President Award’ in the ‘Green Bond Issuance’ category, recognizing the group’s ESG management efforts at the corporate level.

From the left, Sechang An, Director of Climate and Carbon Policy at the Ministry of Environment, Geuncheol Ha, Director of Management Research Institute at BNK Financial Group. Provided by BNK Financial Group

From the left, Kim Young-gi, Acting President of Korea Environmental Industry & Technology Institute, Kim Cheong-ho, Head of the Treasury Market Division at BNK Busan Bank. Provided by BNK Financial Group

BNK Financial Group was highly evaluated for its transparent environmental information disclosure and proactive efforts to achieve carbon neutrality goals. To accurately measure greenhouse gas emissions, it simultaneously established an ESG data platform and a financial emissions measurement system, and achieved global-level reduction targets through approval of the Science Based Targets initiative (SBTi).

Additionally, it is leading co-growth with local companies related to carbon neutrality by ▲developing the financial sector’s first climate tech company support product and ▲providing free ESG education both online and offline for local businesses.

BNK Busan Bank was recognized for expanding investments in eco-friendly projects within the region through green bond issuance and contributing to the realization of carbon neutrality. It was highly praised for strengthening green bond issuance standards by applying the Korean Green Taxonomy and enhancing trust in the green finance market through transparent information disclosure.

Furthermore, funds raised through the issuance of Korean-style green bonds are actively supported through ▲financial support for eco-friendly green sectors, ▲financial support for ESG excellent companies, and ▲sales of eco-friendly financial products.

Kang Jong-hoon, Head of Group Management Strategy at BNK Financial Group, stated, “BNK Financial Group will further strengthen its efforts for green management based on this award,” adding, “As a regional financial institution, we will lead green finance and fulfill our role as a financial partner for a sustainable future.”