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Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows
New benchmark of 18 Asian banks shows human rights performance below the global average
Shinhan Financial GroupSouth Korea
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This profile is actively maintainedCreated on: 2020-11-17 13:42:24
Last update: 2022-03-24 00:00:00
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Shinhan Financial Group's head office in Seoul. Photo: Kaniwari via Wikimedia Commons (CC BY SA 3.0)About Shinhan Financial Group
Shinhan Financial Group (SFG), based in Seoul South-Korea, is principally engaged in the banking business. It is Korea's largest banking group by assets and profits. Shinhan Financial Group, established in 2001, operates its business through five segments: banking, securities brokerage, trust banking, and asset management to individuals, businesses, and other financial institutions. It holds 12 subsidiaries across the financial industry including bank, credit card, securities, insurance, asset management, lease and financial consulting services. In September 2020 Shinhan Bank, a subsidiary of SFG, adopted the Equator Principles.
| Website | http://www.shinhangroup.com/en/index.jsp |
| Headquarters |
Shinhan Financial Group, Deakyung B/D, 120.2-Ga, Taepyung-ro, jung-Gu.
Seoul, 100-102
South Korea
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| CEO/chair |
Cho Yong-byoung CEO |
| Supervisor | |
| Annual reports |
Annual report 2020 CSR Report 2020 |
| Ownership |
listed on Korea Exchange & NYSE
Shinhan Financial Group's shareholder structure can be accessed here. |
| Complaints and grievances |
Shinhan Financial Group does not operate a complaints or grievances channel for individuals or communities that might have been affected by its finance. |
Related Dodgy Deals
Shinhan Financial Group has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
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Policy Assessments
Banks and Human Rights
Human Rights Benchmark Asia 2022
BankLast update
Country
Score
Ranking
Details
Shinhan Financial Group
KOR
3.5
Laggard
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Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.
News
Documents
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Year:
Links
Policies
Voluntary standards
Shinhan Financial Group has committed itself to the following voluntary standards:- Carbon Disclosure Project
- Equator Principles
- Net-Zero Banking Alliance (NZBA)
- Partnership for Carbon Accounting Financials (PCAF)
- Principles for Responsible Banking (PRB)
- Principles for Sustainable Insurance
- Task Force on Climate-related Financial Disclosures (TCFD)
- UNEP Finance Initiative
- United Nations Global Compact
Investment policies
Shinhan Financial Group's webpage on corporate social responsibility can be accessed here.
Year:
Equator Principles
Implementation and reporting
Contact and complaints
Good moves
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