Green finance is rapidly emerging as a critical agenda for the financial industry, as abnormal temperatures and global warming continue to damage the world’s ecosystems, underscoring the ever-growing importance of climate action. In this context, we have established an eco-friendly management system in order to internalize green business practices across the company. We have also joined the Task Force on Climate-related Financial Disclosures (TCFD, a consultative body for climate change-related information disclosures), and we publish relevant climate-related information according to its recommendations.
| Materiality of Topic | The finance sector faces a growing demand from society to exert its influence through business activities such as investment. Financial authorities have prepared a recommended standard for green finance to nurture a voluntary green ecosystem in the domestic financial sector. The TCFD calls on companies to analyze and share the financial impact of climate change on business. |
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Hanwha Life's Management Approach |
We have established an eco-friendly management system as part of our efforts to internalize environmental protection and green corporate management, for which we have acquired ISO14001 certification.
In addition to declaring our commitment to coal-free finance, we are now implementing a range of educational programs and campaigns to increase environmental awareness across the company. In April 2021, Hanwha Life joined the TCFD, a consultative body on financial information disclosure, and in line with its guidelines, we are analyzing the financial impact of climate change, including a variety of risks and opportunities. We are also transparently disclosing key information along with related information and climate response activities to our stakeholders. |