On June 18, the financial sector reported that Lee Chan-woo, Chairman of NH Nonghyup Financial, convened the first ESG (Environmental, Social, and Governance) Strategy Council meeting for 2026 the previous day. The meeting focused on assessing business opportunities in climate finance and renewable energy, as well as strategies for introducing transition finance and enhancing operational frameworks.
During the meeting, NH Nonghyup Financial discussed its goal of leading transition finance within the financial sector, including updates on the transition finance strategy and operational enhancement projects, sharing results from pilot programs, and strategies based on strengths in agriculture, local communities, and mutual growth.
Recently, the government has been promoting a public-private partnership strategy for a Korean-style green transition to meet the '2035 National Greenhouse Gas Reduction Target (NDC)' and foster decarbonized new industries.
In line with government initiatives, NH Nonghyup Financial plans to increase financing for renewable energy infrastructure and actively seek new growth opportunities centered around green and transition finance.
Transition finance supports carbon-intensive industries and companies in their shift to a low-carbon economy. Just three months after announcing its transition finance guidelines on June 16, NH Nonghyup Financial provided 12.2 billion won in transition loans.
Chairman Lee emphasized, "The green transition across the industrial structure is a key task for achieving carbon neutrality and enhancing national competitiveness. We will create new business opportunities in climate finance and the renewable energy market in line with the pace of government policies."
* This article has been translated by AI.
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