Woori Fund Services

Company Overview

ESG Management

Woori Financial Group
ESG Governance
Board ESG Management Committee (Committees within the BoD)
  • Establishment of Group ESG Management strategies and policies
  • Composition : All members of the Board
Group Management Council
  • Establishing proper communication and collaboration system for ESG Management
  • Composition : CEO, Subsidiary CEO
  • Holding Company
    ESG Management Department
    • In-charge of overall Group ESG Management
  • Group ESG Management
    Working Group
    • Enhancing the executing capabilities of Group ESG Management
    • Composition : Head of ESG Department and practitioners from group companies
  • Subsidiaries’
    ESG Departments
    • Implementation of ESG Management practices in subsidiary companies
WOORI FINANCIAL GROUP
ESG Management Principles
  1. Principle01
    Alignment

    We will align our business strategy to be consistent with and contribute to individuals’ needs and society’s goals, as expressed in the Sustainable Development Goals, the Paris Climate Agreement and relevant national and regional frameworks.

  2. Principle02
    Impact & Target setting

    We will continuously increase our positive impacts while reducing the negative impacts on, and managing the risks to, people and environment resulting from our activities, products and services. To this end, we will set and publish targets where we can have the most significant impacts.

  3. Principle03
    Customer

    We will work responsibly with our clients and our customers to encourage sustainable practices and enable economic activities that create shared prosperity for current and future generations.

  4. Principle04
    Stakeholders

    We will proactively and responsibly consult, engage and partner with relevant stakeholders to achieve society’s goals.

  5. Principle05
    Governance & Culture

    We will implement our commitment to these Principles through effective governance and a culture of responsible banking.

  6. Principle06
    Transparency & Accountability

    We will periodically review our individual and collective implementation of these Principles and be transparent about and accountable for our positive and negative impacts and our contribution to society’s goals.

2021. 1. 15

ESG VISION
Good Finance for the Next
Mid-to Long-term Goals

Plan Zero 100

We will achieve Carbon Net-Zero within the Group and across our asset portfolio by 2050 and provide KRW 100 trillion in ESG financing by 2030.

3 Key Strategies

  • E Expanding
    Eco-Friendly Management

  • S Creating Social Value

  • G Enhancing
    Transparent Management
9 Major Strategic Tasks
EExpanding Eco-Friendly Management
  • 01Promoting green finance
  • 02Establishing a climate change response system
  • 03Strengthening environmental management system
SCreating Social Value
  • 04Expanding social finance
  • 05Enhancing financial consumers’ rights
  • 06Establishing a culture that respects human rights and diversity
GEnhancing Transparent Management
  • 07Strengthening ESG finance management system
  • 08Disclosing ESG information transparently
  • 09Advancing ESG governance