On June 18, the financial sector reported that Lee Chan-woo, Chairman of NH Nonghyup Financial, convened the first ESG (Environmental, Social, and Governance) Strategy Council meeting for 2026 the previous day. The meeting focused on assessing business opportunities in climate finance and renewable energy, as well as strategies for introducing transition finance and enhancing operational systems.
During the meeting, NH Nonghyup Financial discussed its goal to lead transition finance within the financial sector, including updates on the transition finance strategy and operational system enhancement project, sharing results from pilot programs, and strategies based on strengths in agriculture, regional development, and mutual growth.
Recently, the government has been promoting a public-private partnership strategy for a Korean-style green transition to meet the '2035 National Greenhouse Gas Reduction Target (NDC)' and foster new decarbonized industries.
In line with government initiatives, NH Nonghyup Financial plans to expand financing for renewable energy infrastructure and actively seek new growth opportunities centered on green and transition finance.
Transition finance supports carbon-intensive industries and companies in their shift to a low-carbon economy. Just three months after announcing its transition finance guidelines on June 16, NH Nonghyup Financial provided 12.2 billion won in transition loans.
Chairman Lee stated, "The green transition of the entire industrial structure is a key task for achieving carbon neutrality and enhancing national competitiveness. We will create new business opportunities in climate finance and the renewable energy market in line with the pace of government policy."
* This article has been translated by AI.
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