JB Financial Group has announced that it has received the highest possible ESG rating of ‘AAA’ from MSCI Inc., a leading global ESG evaluation organization.
This assessment evaluates companies' sustainability management practices comprehensively and is conducted annually for approximately 8,500 publicly listed companies worldwide. MSCI assigns ratings on a scale from AAA to CCC, with ‘AAA’ representing the top 9% of companies, indicating exceptional ESG performance.
In the recent evaluation, JB Financial Group received excellent marks across key areas including eco-friendly finance, human capital development, financial accessibility, and corporate governance. The group’s performance significantly exceeds the global banking industry average in these categories.
The group actively drives its ESG management through a dedicated ESG Committee composed entirely of the Board of Directors and an ESG Council consisting of executives and staff from its subsidiaries. Last year, JB Financial Group became the first in the banking sector to sign Power Purchase Agreements (PPAs) for renewable energy with Jeonbuk Bank and Gwangju Bank, underscoring its commitment to green finance.
Furthermore, this year, JB Financial Group launched a pioneering ‘Private RE100 Dedicated Loan Product’ to promote the domestic RE100 market and support private sector efforts toward carbon neutrality. Additionally, the group continues to expand its social contributions through various activities led by its employee volunteer organization, ‘Seed Volunteer Corps,’ focusing on supporting children, youth, migrant workers, and other vulnerable social groups.
A JB Financial Group representative stated, “Following our inclusion in the DJSI Korea Index last year, we are proud to be recognized again for our ESG management performance through MSCI’s evaluation. We will continue to practice genuine and tangible ESG initiatives to contribute to sustainable growth.”
