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| Woori Bank CEO Lee Won-duk, right, poses with Lee Woo-kyun, standing representative of Korea Climate & Environment Network, at the lender's headquarters in Seoul, Tuesday. Courtesy of Woori Bank |
By Lee Min-hyung
Woori Bank has clinched a partnership with a local climate governance organization, as part of its efforts to fulfill an advanced level of environmental, social and corporate governance (ESG) activities, the lender said Wednesday.
Under the tie-up with the Korea Climate & Environment Network, the bank will carry out a series of joint projects on ESG. They include a social contribution and consulting campaign to reduce greenhouse gas emissions, according to the bank.
The network is a Korean environmental governance organization dedicated to helping build a more eco-friendly society. A group of 57 government authorities, state-run organizations and private institutions will team up with the network. Woori Bank is the only commercial lender that has joined the network as a founding member.
Woori Bank also pledged to step up its efforts to achieve its group-wide vision of becoming a carbon-neutral company by 2050.
"It is a must to build a low-carbon, environmentally-friendly society for us to tackle the climate crisis that poses a major threat to the survival of humankind," Woori Bank CEO Lee Won-duk said.
"All executives and employees of Woori Bank will stand at the forefront toward the vision by reducing emission of greenhouse gases in their daily lives, and Woori will also do the utmost to realize our group-wide vision for the carbon neutrality by 2050."
Both sides signed the partnership via a tablet PC without any paper or banner, in a show of willingness to achieve the vision.
Earlier, Woori Financial Group Chairman Son Tae-seung reaffirmed its strong determination to achieve the drive by making it part of one of the group's core medium- to long-term growth strategies. The group has since initiated a set of ESG campaigns on increasing renewable energy investment or establishing electric vehicle charging stations at its sales branches.
