Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]BNK participated in the "2050 Declaration of Support for Climate Finance to Achieve Carbon Neutrality" hosted by the National Assembly's Climate Change Forum and the Korea Social Responsibility Investment Forum in March 2021 and expressed its six commitments* to implement climate finance. In May 2021, we joined CDP investment institutions and TCFD supporters, and in August 2021, we are participating in activities that can directly or indirectly affect climate change, such as declaring a halt to investment in domestic and foreign coal power plants.
* The six commitments include active support for 2050 carbon neutrality, active integration of ESG factors including climate risks throughout the financial business, and active efforts to flow capital from the high carbon industry to the low carbon industry through various climate actions
(Internal process) BNK is actively responding to the group's climate risk management and ESG initiatives required by policymakers such as the National Assembly, the Financial Services Commission, the Financial Supervisory Service, and the Board of Audit and Inspection. It also consistently manages climate change and ESG performance by reflecting key issues in the organization's ESG action plan.