JB Financial Group Publishes 2024 Annual Report Highlighting ESG Achievements

JB Financial Group announced on July 10 that it has published the "2024 Integrated Annual Report," which details the group's environmental, social, and governance (ESG) management performance and sustainability strategies for the previous year.

This report comprehensively covers non-financial achievements, focusing on the actual implementation results of affiliates following the establishment of the group's ESG strategy. It includes the development of an integrated climate risk management system, the execution of RE100-based renewable energy procurement, the quantitative measurement of social contribution outcomes, and improvements in ESG ratings.

Through stakeholder surveys, including the ESG Committee, JB Financial Group identified four key material issues as the core pillars of its ESG internalization strategy: "responding to climate change," "community engagement," "protection of financial consumers," and "risk management." The report is structured around the strategies and execution results for these four issues. These ESG outcomes have been verified by third parties to ensure credibility and have been disclosed in accordance with global standards such as GRI, SASB, and IFRS S1·S2.

Specifically, Jeonbuk Bank and Gwangju Bank became the first in the banking sector to sign direct power purchase agreements (PPAs) for renewable energy and launched dedicated loan products targeting the private RE100 market. These products are representative cases that support domestic RE100 demand companies in achieving carbon neutrality through a collaborative structure between suppliers and financial institutions.

In the social sector, the report highlighted the advancement of community-based social contribution projects led by the "Ssiat Volunteer Group." Last year, the social impact of the group's core businesses was approximately KRW 4.77 billion, with a social return on investment (SROI) measured at 1.8 times.

A JB Financial Group official stated, "JB Financial Group will continue to strive to lead social change through finance while maintaining its identity as Korea's top small but strong financial group in the rapidly changing financial environment."