Case study: How Hana Financial Group promotes a culture of responsible banking among its employees

Stakeholder identification and consultation

Please describe which stakeholders (or groups/ types of stakeholders) you have identified, consulted, engaged, collaborated or partnered with for the purpose of implementing the Principles and improving your bank’s impacts. This should include a high-level overview of how your bank has identified relevant stakeholders, what issues were addressed/results achieved and how they fed into the action planning process.

Hana Financial Group aims to go beyond traditional finance by connecting future values through its new vision of ‘One Finance for All’ for ‘Next 2030’. The Group is committed to practicing finance that fosters mutual growth and shared happiness through voluntary communication and participation, guided by the Principles for Responsible Banking. Hana Financial Group considers customers, employees, partner companies, central and local governments, shareholders, investors, and local communities— that have direct and indirect impacts on its business activities —as key stakeholders. The Group actively incorporates feedback received through various communication channels, such as annual stakeholder surveys, into its business practices. It identifies material issues by surveying internal and external stakeholders and discloses these issues through its reports. In May 2023, Hana Financial Group served as the main sponsor of the UNEP FI PRB Asia-Pacific Roundtable, where CEO and Chairman Ham Young-ju delivered a keynote address to share the Group’s ESG vision.

How does Hana Financial Group promote a culture of responsible banking among its employees?

In its 2024 PRB Reporting and Self-Assessment Template Hana Financial Group reports that it took the following actions to promote a culture of responsible banking among its employees:

In 2007, Hana Financial Group became a member of the UN Global Compact, a voluntary initiative that promotes corporate social responsibility by endorsing the Ten Principles covering human rights, labor, environment, and anti-corruption. The Group commits to upholding these global principles and transparently reports its performance to the UNGC annually. Additionally, in May 2022, Hana Financial Group joined the Women’s Empowerment Principles (WEPs), a collaborative initiative of UN Women under the UN Global Compact. The WEPs’ seven principles are grounded in real business practices. By supporting the WEPs, Hana Financial Group seeks to further promote gender equality awareness and align with the broader values and objectives of the United Nations.

UN Principles for Responsible Banking: Accelerating a positive global transition for people and the planet

With over 300 signatory banks representing almost half of the global banking industry, the Principles for Responsible Banking are the world’s foremost sustainable banking framework. Through these Principles, the banking community takes action to align core strategies, decision-making, lending and investment with the UN Sustainable Development Goals and international agreements such as the Paris Climate Agreement.

FBRH Principles for Responsible Banking (PRB) Assurance:

First class PRB assurance services: The result of solid, hands-on ESG/ Sustainability experience

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    • FBRH possesses a unique skill set that combines ESG/sustainability certified training, experience in advisory services and report preparation, and ESG/sustainability report assurance.

The combination of all the above empowers FBRH to provide first class Principles for Responsible Banking (PRB) assurance services.

References:

This case study is based on published information by Hana Financial Group, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.hanafn.com/esg/report/2024/HFG_PRB_Report_2024_Reporting_and_Self_Assessment_Template.pdf

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