Shinhan Financial Group announced that it attended the International Corporate Governance Network (ICGN) Seoul Conference, which was held at the Westin Chosun Seoul in Jung-gu, Seoul on Oct. 6.
The ICGN is a non-profit organization established for the purpose of exchanging information for the development of global capital markets and making an improvement in corporate governance.
It holds international conferences in major cities around the world every year with the attendance of voters and advisors from major domestic and foreign investment institutions.
The Seoul conference was attended by those from major institutional investors including APG, a Dutch pension fund manager, and officials from global companies such as BNP Paribas and HSBC.
They had an in-depth discussion on various agenda items with ESG experts in their respective fields.
In particular, they showed interest in corporate activities related to diversity, equity and inclusion (DEI) and new sustainability reporting standards in addition to governance issues.
DEI is a concept that promotes fair treatment for all people without discrimination based on their backgrounds, identities or disabilities.
Recently, companies’ pursuit of DEI has emerged as a major ESG indicator that enables investors to assess whether or not sustainable management is achieved along with the enhancement of corporate competitiveness.
As a representative of Shinhan Financial Group, outside director Kim Jo-seol was invited to a session on best practices for DEI and made a presentation about the current status of DEI in Korea.
The representative laid out Shinhan Financial Group’s future plan for the promotion and expansion of DEI.
“Shinhan Financial Group will steadily carry out activities to spread DEI values throughout local communities.” a Shinhan Financial Group official said.
2022 Shinhan Social Impact Chapter Conference
Shinhan Financial Group announced on Oct. 7 that it held the 2022 Shinhan Social Impact Chapter (SSIC) Conference at Haevichi Hotel in Seogwipo of Jeju Island on Oct. 6.
The SSIC is an event to promote the collective impacts of startups fostered by Shinhan Square Bridge Jeju and various stakeholders in the Jeju region to seek ways to solve problems in local communities and achieve sustainable growth through cooperation.
The SSIC which was held for the first time this year was participated in by local stakeholders and startups such as the Jeju Provincial Government, the Jeju Creative Economy Innovation Center, the Jeju Better Future Center and Jeju Bank.
The organizer of the SSIC conference held various programs including time to redefine the meaning of collective impacts.
Participants had a discussion on the direction of collaboration between startups and private companies by sharing success stories of Shinhan Square Bridge Jeju member countries.
Shinhan Companion Project to Support the Underprivileged
Shinhan Financial Group announced on Sept. 29 that it will carry out the Shinhan Companion Project with its strong will to fulfill its social responsibility as a representative financial group in Korea and spread a good influence through finance.
In this project, all Shinhan affiliates voluntarily participate under tough conditions at home and abroad such as inflation, interest rate hikes, and the prolonged COVID-19 pandemic to promote multi-faceted supports in various fields.
In July, Shinhan Financial Group announced the 14-trillion-won financial support Shinhan Youth Potential Project. This project will expand beneficiaries from young people to the marginalized and include tasks in newly formed four core areas (R4).
Through this project, Shinhan Financial Group will provide 33.3 trillion won in direct and indirect financial supports in four core areas or four Rs for five years.
The four Rs are Recovery (a recovery for small business owners and SMEs), Residence (support for ordinary people’s housing and living stability), Re:Start-Up (support for start-ups/job creation, helping young people to grow) and Responsibility (fulfilling social responsibilities).