Shinhan Financial Group

The institution does not make political contributions and has a stewardship policy that includes client and stakeholder engagement, advocacy, and partnerships. It has a publicly available policy statement committing to respect human rights.

The institution discloses the monetary amounts or shares of its products, services, and capital linked to high-emitting and fossil fuel sectors, as well as the nature-related impacts of these provisions. A strategy for the protection and restoration of nature is in place, covering priority sectors and areas. It monitors scope 1-2 emissions and emissions from associated financing activities (Scope 3 category 15).

Additionally, the institution discloses the monetary amounts or shares of products, services, and capital provided to usually excluded groups, as defined by itself, and to small- and medium-sized enterprises.

It is recommended that the financial institution discloses that it links performance criteria for remuneration at the senior executive level to specific sustainability targets. It is recommended that the financial institution discloses the breakdown of clients and/or beneficiaries by income group. It is recommended that the financial institution discloses that it has a process for identifying the social risks associated with its provision of products, services and capital in relation to the net zero transition. It is recommended that the financial institution provides an example of the specific conclusions reached and actions taken or to be taken on at least one of its salient human rights issues of it’s the products, services and capital it offers as a result of assessment processes in at least one of its activities in the last three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.