KB Financial Group Inc

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Strong	KB Financial Group demonstrates a strong level of transparency around its climate lobbying activities. It clearly identifies its engagement in the “Korean Green Taxonomy Application Pilot Project” supervised by the Ministry of Environment and its participation in the “Financial sector green categorization system TF” hosted by the Financial Services Commission, showing which specific policy frameworks it has influenced. The company also describes its use of indirect channels—such as membership in the Korea Federation of Banks, the ESG Advisory Committee, and global coalitions like the NZIA and NZBA—and names the Ministry of Environment and Financial Services Commission as the targets of these efforts. It is explicit about the outcomes it sought, aiming to “revitalize green finance,” proposing “to implement a pilot project for existing products of financial institutions” to introduce the K-Taxonomy, and emphasizing the “importance of green finance activation and climate risk management” alongside the “necessity of expanding social finance.” This combination of named policies, identified mechanisms and targets, and clearly stated goals indicates a high degree of transparency in its climate-related lobbying disclosures.	3

Lobbying Governance

Overall Assessment	Comment	Score
None	KB Financial Group has built a comprehensive climate response governance structure, with the Board at the center as the Group’s “top decision-making body” that “establishes Group-level climate change response strategies and goals” and an “ESG Committee” comprising all directors that “identifies risks and opportunities related to the Group’s climate change response and regularly manages and supervises major tasks and execution matters.” The company further details how “the Group CEO ... manage[s] the Group’s climate change response strategy,” and how subsidiaries maintain “an ESG Committee and ESG-dedicated team.” However, we found no evidence that the company discloses any specific governance processes—such as oversight frameworks, monitoring procedures, or accountability measures—that explicitly address its direct or indirect lobbying activities in support of its climate commitments, nor any mention of board sign-off on advocacy positions or management of trade association engagement to ensure alignment with its climate strategy.	0