By Lee Kyung-min
 |
| Shinhan Financial Group Chairman Cho Yong-byoung |
The move is part of its efforts to take the initiative in dealing with global warming amid a growing need to move toward a low-carbon economy.
The primary goal is to reduce greenhouse gas emissions by 2030 to 20 percent less than the amount produced in 2012.
Under the slogan of "eco-transformation," firms seeking to establish business models using renewable energy and electric vehicles will be offered generous financing.
"The program will mostly help firms that recognize the need to clean the air and slow the pace of climate change," an official from the group said.
A group-wide effort will continue to obtain ISO 14000 environmental management standards that help organizations maintain environmentally conscious operations.
The group's affiliates including Shinhan Card and Shinhan Bank are advised to develop financial products whereby customers are encouraged to adopt an eco-friendly lifestyle.
The group will continue to seek cooperation with international environment-related organizations to boost partnerships and leadership.
The group's priorities include facilitating digitization, a substantial part of the eco-friendly initiative, under which workers are required to submit reports via the company's online intranet instead of printing out hard copies for their superiors.
The group plans to expand the advanced technology to customer services.
"Efforts to fight global warming are accelerating following the 2015 Paris Agreement, a critical initiative we are proud to be a part of. Shinhan will continue to invest in green, renewable energy projects, thereby promoting future-oriented, eco-friendly business in the long term," an official from the group said.
The Paris agreement reached within the United Nations Framework Convention on Climate Change deals with greenhouse-gas-emissions mitigation, adaptation, and finance, starting in 2020.
![[INTERVIEW] North Korean defectors bear brunt of remittance scams](https://img.koreatimes.co.kr/upload/thumbnailV2/75c261156ac7415fad92dc1d7c1b30cf.jpg/dims/resize/178/optimize)
![[INTERVIEW] Foreign-born entertainers seek to revolutionize local industry](https://img.koreatimes.co.kr/upload/thumbnailV2/4a6b2bd3d23044d699dee3c5bb956863.jpg/dims/resize/178/optimize)
