Hana Financial Group Inc
- Board oversight
- Named executive owner
- Public alignment report
- Paris Agreement alignment
- Regular monitoring cycle
Hana Financial Group appears to have a robust governance framework for climate lobbying, with dedicated Board-level bodies overseeing and monitoring both direct and indirect policy engagement to ensure consistency with its climate change strategy. For example, it has created the Sustainable Management Committee "as the highest decision making body within the Board, monitoring environmental and social issues through stakeholder management," and the Sustainable Management Steering Committee, which is "directly responsible for both coordinating overall climate change strategy and leading the company's efforts to engage with policymakers on climate change issues," thereby ensuring that "our policy engagement objectives are in alignment with our overall climate change strategy." As part of these committees' mandate, a "regular review is carried out to determine the consistency of government policies and the climate change strategy of HFG," and both committees "oversee all business divisions," applying engagement objectives across the group's affiliates. The company also affirms a "public commitment to conduct engagement activities in line with the goals of the Paris Agreement" and covers its policy engagement on a semi-annual basis, including direct and indirect efforts "aimed at facilitating the stability of the carbon market as well as supporting the competitiveness of markets for low-carbon technologies." Oversight is further reinforced by the Board of Directors and the CEO, with the Risk Management Committee reviewing "climate risk management policies" and the Management Development & Compensation Committee incorporating "ESG management performance" into executive compensation. While this governance structure indicates strong oversight and active alignment of lobbying activities, we found no evidence of an independently published audit or third-party review specifically assessing climate-lobbying alignment.
This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in Asia-Pacific or all companies in South Korea.