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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Hana Financial Group Inc has demonstrated a comprehensive level of transparency regarding its climate lobbying activities. The company has disclosed specific climate policies it engaged with, including the "K-Taxonomy" initiated by the Ministry of Environment in South Korea, the emission trading scheme during its third phase (2021-2025), and its involvement in forums conducted by the Financial Supervisory Service (FSS) and the Financial Services Commission (FSC) to address climate-related financial disclosures and climate risks. These disclosures provide detailed information about the policies, their scope, and timelines, such as the pilot program for the K-Taxonomy conducted from April to November 2022, and the emission trading scheme's focus on alleviating liquidity issues and supporting greenhouse gas reduction goals. The company has also been transparent about its lobbying mechanisms, including direct engagement with the Ministry of Environment, participation in forums with the FSS and FSC, and its role as a 'market maker' selected by the Korea Exchange and the Ministry of Environment. These mechanisms are described in detail, such as submitting bids on emission-related stocks to stabilize market prices and collaborating on green bond issuance based on the K-Taxonomy. Furthermore, Hana Financial Group has clearly outlined the outcomes it seeks, such as preventing greenwashing, promoting the transition to a carbon-neutral green economy, alleviating liquidity issues in the emission trading scheme, and strengthening the financial sector's strategies to respond to climate risks. These actions align with broader climate objectives, including the Paris Agreement and UN SDGs, demonstrating a high level of transparency in its climate lobbying disclosures.
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4
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| Overall Assessment |
Comment |
Score |
| Strong |
Hana Financial Group demonstrates a strong governance process for climate lobbying alignment, particularly through its structured oversight mechanisms and monitoring processes. The company explicitly states that its "Board of Directors, as top management, and executive management manage and oversee climate change-related issues while the CEO oversees the overall climate change response strategy." Furthermore, the Sustainable Management Committee within the Board of Directors "receives regular reports on sustainability issues, including climate change, and deliberates and makes decisions on related issues." This indicates a clear governance structure for climate-related activities. The company also monitors indirect lobbying efforts through its association management system, stating that it "operates a management system to ensure that the associations we work with are aligned with our support for the Paris Climate Agreement." This includes verifying alignment with the Paris Agreement, evaluating the results of the association's activities, and monitoring compliance. If misalignment is identified, it is "reported to the Sustainable Management Committee under the Board of Directors." Additionally, Hana Financial Group has established a "Sustainable Management Steering Committee," which is a consultative body comprising CEOs of each affiliate, and a "Sustainable Management Working Committee" to share performance, identify common climate risks, and establish systems for systematic response. The company also integrates climate lobbying governance into its broader ESG strategy, as evidenced by its "Sustainable Finance Framework," which includes policies for environmental and social risk management and sector-specific guidelines. While the evidence does not mention a detailed lobbying audit or comprehensive review of lobbying alignment, the governance structure, monitoring mechanisms, and responsible parties are well-defined, indicating strong governance.
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3
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