BNK Financial Group Inc

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Limited BNK Financial Group provides a basic but limited window into its climate-policy lobbying. It names one specific initiative it engaged on – the Korean “K-Taxonomy”, described as a guideline that defines what constitutes a green economic activity – and explains that its input was gathered while the Ministry of Environment and the Financial Services Commission were drafting the measure. The company also explains the mechanism it used, noting that "opinions were collected four times" from stakeholders including BNK, which shows direct participation in the government consultation process and identifies the precise public-sector bodies it addressed. However, it cites only this single consultation mechanism and does not detail any other channels such as letters, meetings or industry-association work. On outcomes, BNK simply states its “support with no exceptions” for the K-Taxonomy and notes that the policy is “aligned with the Paris Agreement,” without spelling out any particular amendments, quantitative targets or other concrete results it sought. Because the disclosure centres on one policy, one form of engagement and a general statement of support, it reveals only a limited level of transparency about the breadth and objectives of the company’s climate-related lobbying. 1
Lobbying Governance
Overall Assessment Comment Score
Limited BNK Financial Group discloses only limited information on how it governs its policy-engagement activities. It states that it has a "public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement" and notes that "BNK participated in the '2050 Declaration of Support for Climate Finance to Achieve Carbon Neutrality'" as well as having an "Internal process" whereby the group "consistently manages climate change and ESG performance by reflecting key issues in the organization's ESG action plan." While this shows an intention to align external engagement with its climate objectives, the company does not disclose a formal procedure for reviewing or approving lobbying positions, makes no reference to monitoring either its direct advocacy or its membership in trade associations, and does not identify any individual or board committee with responsibility for overseeing lobbying alignment. We found no evidence of a structured review, audit, or escalation mechanism for climate-related lobbying activities, so the disclosure remains at the level of a general commitment rather than a detailed governance framework. 1