Hana Financial Group Inc – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	Hana Financial Group discloses a structured process to keep its climate-related policy engagement in line with its climate strategy, stating that the Board-level Sustainable Management Committee is the highest decision making body within the Board, monitoring environmental and social issues through stakeholder management, while the Sustainable Management Steering Committee is directly responsible for both coordinating overall climate change strategy and leading the companys efforts to engage with policymakers on climate change issues. The company explains that, at committee meetings, regular review is carried out to determine the consistency of government policies and the climate change strategy of HFG, and emphasises that this governance structure helps to ensure that our policy engagement objectives are in alignment with our overall climate change strategy. These disclosures identify clear oversight bodies and describe an internal review mechanism, indicating a defined governance process for direct climate-related lobbying. The company also makes a public commitmentto conduct [its] engagement activities in line with the goals of the Paris Agreement, signalling an intent to align lobbying with global climate goals. It has detailed the climate lobbying position of and stated alignment with one body, UNEP-FI. However, we found no evidence of a published lobbying-alignment audit, no mention of named individuals accountable for the process, and no specific procedure for assessing, correcting, or exiting trade associations whose positions may diverge from the Groups climate policy; the reference to indirect policy engagement is not accompanied by a description of how such engagement is monitored or managed. Overall, Hana Financial Group provides moderate transparency on how it governs direct climate lobbying but does not disclose detailed oversight or alignment mechanisms for indirect lobbying through industry bodies. View Sources	C

Overall Assessment

Analysis

Score

Moderate

Hana Financial Group discloses a structured process to keep its climate-related policy engagement in line with its climate strategy, stating that the Board-level Sustainable Management Committee is the highest decision making body within the Board, monitoring environmental and social issues through stakeholder management, while the Sustainable Management Steering Committee is directly responsible for both coordinating overall climate change strategy and leading the companys efforts to engage with policymakers on climate change issues. The company explains that, at committee meetings, regular review is carried out to determine the consistency of government policies and the climate change strategy of HFG, and emphasises that this governance structure helps to ensure that our policy engagement objectives are in alignment with our overall climate change strategy. These disclosures identify clear oversight bodies and describe an internal review mechanism, indicating a defined governance process for direct climate-related lobbying. The company also makes a public commitmentto conduct [its] engagement activities in line with the goals of the Paris Agreement, signalling an intent to align lobbying with global climate goals. It has detailed the climate lobbying position of and stated alignment with one body, UNEP-FI. However, we found no evidence of a published lobbying-alignment audit, no mention of named individuals accountable for the process, and no specific procedure for assessing, correcting, or exiting trade associations whose positions may diverge from the Groups climate policy; the reference to indirect policy engagement is not accompanied by a description of how such engagement is monitored or managed. Overall, Hana Financial Group provides moderate transparency on how it governs direct climate lobbying but does not disclose detailed oversight or alignment mechanisms for indirect lobbying through industry bodies.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Comprehensive	Hana Financial Group provides extensive and specific disclosure of its climate-policy lobbying. It identifies several distinct policies in which it has been actively involved, including the Ministry of Environment’s “K-Taxonomy” pilot programme, South Korea’s third-phase Emissions Trading Scheme (2021-2025) and the climate-risk disclosure and stress-testing framework developed with the Financial Supervisory Service (FSS) and the Financial Services Commission (FSC). The company also details how it lobbied: it took part in regulator-led forums with the FSS and FSC, worked directly with the Ministry of Environment during the K-Taxonomy pilot by “issuing actual green bonds based on the K-Taxonomy” and providing “insights on strengths, weaknesses, and areas for improvement,” and served as a ‘market maker’ for emission allowances through the Korea Exchange, submitting bids to smooth price volatility and add liquidity. The desired policy outcomes are clearly spelled out: it seeks to develop a “climate stress test prototype model” to strengthen the financial sector’s resilience, to “prevent greenwashing and promote the transition to a carbon-neutral green economy and society” by accelerating adoption of the K-Taxonomy, and to “alleviate liquidity issues, stabilize the market environment, and avoid sudden changes in market prices” within the emissions trading market so that national greenhouse-gas reduction targets can be met. By naming the policies, describing the exact engagement channels and the governmental targets, and explaining the specific results it wants to achieve, the group demonstrates a comprehensive level of transparency around its climate-related lobbying activities.	A