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Hana Financial GroupSouth Korea

Active

This profile is actively maintained
Last update: 2022-08-16 13:56:20
Branch of Hana Bank in Myeong Dong, Seoul, Korea. Photo: Hana Financial Group via Wikimedia Commons (CC BY SA 3.0)

Active

This profile is actively maintained
Last update: 2022-08-16 13:56:20
About
Website https://www.hanafn.com
Headquarters
66 Euljiro, 2-ga, Jung-gu,
Seoul
South Korea
CEO/chair Ham Young-joo
CEO
Supervisor
Financial Supervisory Service (South Korea)
Ownership
listed on Korea Exchange

Hana Financial Group's largest shareholder is the National Pension Service of Korea (8.4%). The Group's complete shareholder structure can be accessed here.
Subsidiaries
Hana Bank Indonesia – Indonesia

Hana Financial Group, established in 1971,  is a Korean-based company principally engaged in the banking business through its main subsidiary Hana Bank. The bank operates its business through four segments: Banking, Financial Investment, Credit Card, and Other services.

Sustainability
Policies
Voluntary standards

Hana Financial Group's web page on corporate social responsibility can be accessed here. The Group does not have publicly available investment policies.

Hana Financial Group's subsidiary, Hana Bank Indonesia, is a signatory to IFC's Green Equity Approach.

Sustainable finance framework

Bank policy
2021-07-27 00:00:00 | Hana Financial Group
Hana Financial Group has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
IFC - Green Equity ApproachTags: corporate social responsibility
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Hana Financial Group is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Hana Financial Group's link to these deals.

Campaigns

Banks and Human Rights

BankTrack assessed Hana Financial Group in its 2022 Human Rights Benchmark Asia, where it achieved 2.5 points out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
Hana Financial Group
KOR
2.5
Laggard
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6 points
6.5 - 9 points
9.5 - 14 points
For more details see this page.

Banks and Nature

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Hana Financial Group
2022-09-27
KOR
0.3
Laggard
Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Hana Financial Group
2022-09-29
KOR
0
Laggard
Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Hana Financial Group
2022-09-29
KOR
0.3
Laggard
Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Banks and Putin's war in Ukraine

BankTrack is keeping track of the public response of Hana Financial Group to Russia's illegal invasion of Ukraine. Hana Financial Group did not publicly condemn the war. Hana Financial Group is considered by the Korea Times to be "considering its position" in Russia. We consider its exposure to Russia as limited, with over $245m of financial assets. For further details, see the table linked below.

News
Resources
Documents
Accountability
Grievances

Hana Financial Group does not operate a complaints or grievances channel for individuals or communities that might have been affected by its finance.

This page evaluates Hana Financial Group's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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