NH Nonghyup Bank announced on July 27 that it has purchased a total of 5,254 tons of carbon credits from 20 farms across the country.
These carbon credits are officially certified by the government, reflecting reductions in greenhouse gas emissions achieved through the adoption of low-carbon agricultural technologies. In September 2023, NH Nonghyup Bank established a system to directly purchase these credits from farmers through a partnership with the Ministry of Agriculture, Food and Rural Affairs and the Korea Agricultural Technology Promotion Agency.
In its first year of the program, NH Nonghyup Bank purchased 1,419 tons in 2024, followed by 8,245 tons in 2025, and an additional 5,254 tons this year, bringing the total cumulative purchase to 14,918 tons. The recently acquired carbon credits will be used to offset the bank's own greenhouse gas emissions in accordance with relevant guidelines.
Additionally, NH Nonghyup Bank is continuing to invest in building eco-friendly, low-carbon infrastructure, including entering into power purchase agreements (PPAs), installing solar power facilities for self-consumption at its branches nationwide, and transitioning its fleet of vehicles to zero-emission electric cars.
NH Nonghyup Bank President Kang Tae-young stated, "The climate crisis is a significant challenge threatening the sustainability of our agriculture and rural areas. We will continue to discover and expand win-win models that provide farmers with practical additional income while contributing to carbon reduction."
These carbon credits are officially certified by the government, reflecting reductions in greenhouse gas emissions achieved through the adoption of low-carbon agricultural technologies. In September 2023, NH Nonghyup Bank established a system to directly purchase these credits from farmers through a partnership with the Ministry of Agriculture, Food and Rural Affairs and the Korea Agricultural Technology Promotion Agency.
In its first year of the program, NH Nonghyup Bank purchased 1,419 tons in 2024, followed by 8,245 tons in 2025, and an additional 5,254 tons this year, bringing the total cumulative purchase to 14,918 tons. The recently acquired carbon credits will be used to offset the bank's own greenhouse gas emissions in accordance with relevant guidelines.
Additionally, NH Nonghyup Bank is continuing to invest in building eco-friendly, low-carbon infrastructure, including entering into power purchase agreements (PPAs), installing solar power facilities for self-consumption at its branches nationwide, and transitioning its fleet of vehicles to zero-emission electric cars.
NH Nonghyup Bank President Kang Tae-young stated, "The climate crisis is a significant challenge threatening the sustainability of our agriculture and rural areas. We will continue to discover and expand win-win models that provide farmers with practical additional income while contributing to carbon reduction."
* This article has been translated by AI.
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