MSCI ESG Rating 'AAA'
"Top 9% Among Global Banking Companies"
JB Financial Group announced that it has received the highest 'AAA' rating in the ESG (Environmental, Social, and Governance) assessment released by Morgan Stanley Capital International (MSCI), a global ESG evaluation agency.
MSCI, a global investment research institution, comprehensively evaluates the sustainability management levels of approximately 8,500 listed companies worldwide every year and assigns ratings across seven tiers, from AAA to CCC. Among these, the 'AAA' rating is the highest tier and is awarded only to the top 9% of companies evaluated in the banking sector.
In this assessment, JB Financial Group received above-average evaluations compared to the global banking industry in areas such as eco-friendly finance, human capital development, financial accessibility, and corporate governance.
JB Financial Group is promoting group-wide ESG management through the ESG Committee, which consists of all board members, and the ESG Council, which is comprised of key executives and working-level staff from the holding company and its subsidiaries. Last year, for the first time among banks, Jeonbuk Bank and Gwangju Bank signed direct power purchase agreements (PPA) for renewable energy.
This year, JB Financial Group launched the first 'private RE100 exclusive loan product' among primary financial institutions to vitalize the domestic RE100 market and support private companies in achieving carbon neutrality, thereby taking a leading role in fostering a sustainable finance environment in Korea. In addition, the group is carrying out various social contribution activities centered around the 'Seed Volunteer Group,' which is composed of employees participating voluntarily. The group is also expanding tangible support to ensure that diverse members of society, including children and adolescents from underprivileged backgrounds and foreign workers, can lead stable lives.
A JB Financial Group representative stated, "Following last year's inclusion in the DJSI (Dow Jones Sustainability Index) Korea Index, this achievement once again recognizes JB Financial Group's ESG management performance," adding, "We will continue to take the lead in genuine ESG practices through the substantial implementation of ESG management."
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