Park Jae-hyuk is a seasoned journalist who has provided comprehensive coverage of South Korea's corporate dynamics, economic policies, industry challenges and the global positioning of Korean companies. Based on the articles he has written since joining The Korea Times in 2016, his investigative approach has helped readers understand corporate governance, economic trends and business strategies shaping South Korea’s economy.
Shinhan included in DJSI for 7th straight year
Shinhan Financial Group Chairman Cho Yong-byoung
By Park Jae-hyuk
By Park Jae-hyuk
Shinhan Financial Group became the nation's first financial group to be included in the Dow Jones Sustainability Indices (DJSI) World for the seventh straight year, according to the banking group, Monday.
The country's largest financial group ranked sixth in the banking industry sector.
Among the world's 2,500 largest companies in terms of market capitalization, only the top 10 percent of them satisfying economic, environmental and social criteria can be included in the DJSI World.
This year, 25 financial groups were among the DJSI World's banking industry sector.
They include global financial firms such as the Spain-based Santander, the Australia-based Westpac and the France-based BNP Paribas.
“Our inclusion in the DJSI World for the seventh straight year shows that we were recognized for our efforts to benefit society with our financial business,” a Shinhan Financial Group official said.
“By carrying out businesses related to sustainable management, we will continue striving to be recognized by our customers and contribute to growth in the economic, social and environmental sectors.”
Over the past few years, Shinhan has made various efforts toward sustainable management.
In November 2018, Shinhan Financial Group Chairman Cho Yong-byoung attended an event hosted by the United Nations Environment Program Finance Initiative and announced the principles for responsible banking.