ESG Initiatives
We proactively engage in ESG initiatives to strengthen our global leadership.
KB Financial Group is actively participating in various ESG initiatives relevant in the financial sector to enhance our ESG strategy and performance.
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UN Global Compact
The world’s largest voluntarily formed private initiative for promoting sustainable management and the implementation of the ten principles in relation to human rights, labor conditions, environment, and anticorruption.
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CDP(Carbon Disclosure Project)
A global initiative on information disclosure and an evaluation agency led by financial institutions around the world in relation to environmental sectors such as climate change, water, and forest resources.
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UNEP FI(United Nations Environment Programme Finance Initiative)
A global initiative participated in by over 300 leading financial institutions and the only international partnership between UNEP and international financial sectors.
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TCFD(Task Force on Climate-related Financial Disclosure)
An initiative that recommends corporations to incorporate climate change risk into their financial information.
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PRB (Principles for Responsible Banking)
An international agreement that stipulates financial industry’s roles & responsibilities for implementation of the Paris Agreement and the UN Sustainable Development Goals (SDGs)
※ PRB Reporting and Self Assessment Template
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WEPs (Women's Empowerment Principles)
A joint initiative undertaken by UN Women and UN Global Compact for women’s empowerment
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BNBP (Biz N Biodiversity Platform)
An initiative to help corporations recognize their global and social responsibility for biodiversity preservation and utilization, ensure biodiversity across all areas of activities from purchase to production, distribution, and assessment, and thereby driving action towards sustainability.
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CoREi (Corporate Renewable Energy initiatives)
An initiative designed to help corporations voluntarily pledge to move into renewable energy and establish and implement renewable energy-related targets.
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PCAF (Partnership for Carbon Accounting Financials)
An initiative designed to develop unified standards for assessing and reporting GHG emissions of the financial industry’s investment projects and to encourage financial institutions to follow the Paris Agreement.
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SBTi (Science Based Targets initiative)
An initiative designed to provide guidelines and methods for corporations to set GHG emissions targets in line with the Paris Agreement and ensure their climate-conscious activities.
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Equator Principles
Voluntary agreement by financial companies to stop funding projects when they are likely to incur environmental destruction or violations of the human rights of local residents
※First to receive official approval among all Asian financial institutions and all Korean companies(2021.10)
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NZBA (Net-Zero Banking Alliance)
A leadership group of global banks with the aim of bringing global GHG emissions to net-zero by 2050.
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RE100 (Renewable Energy 100%)
Global campaign on converting 100% of enterprise power into renewable energy
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TNFD (Task Force on Nature-related Financial Disclosures)
Global consultative body launched to protect nature and biodiversity by reducing the impact companies have on ecosystems
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GFANZ (Glasgow Financial Alliance for Net Zero)
Global alliance for net zero transition and overcoming climate crisis through finance (Joined GFANZ in 2021, and Joined as a foundation member of GFANZ APAC Network in 2022)
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PSI (Principle for Sustainable Insurance)
An international agreement that promotes consideration of sustainability in all management activities of insurance companies, including operational strategies, risk management, and product and service development
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AVPN (Asian Venture Philanthropy Network)
Asia’s largest impact investment network pursuing CSR capability improvement suited to the financial investment company