ActiveThis profile is actively maintained
Created on: 2020-11-17 13:42:24
Last update: 2022-03-24 00:00:00
Send feedback on this profile
Download as PDF
Share this page:
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.
Shinhan Financial Group, Deakyung B/D, 120.2-Ga, Taepyung-ro, jung-Gu.
Cho Yong-byoung |
Annual report 2020|
CSR Report 2020
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
Dodgy Deals map
Banks and Human Rights
Human Rights Benchmark Asia 2022
Shinhan Financial Group's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark Asia 2022. The bank is assessed as a Follower, with a total score of 3.5 out of 14.
Due dilligence: 0.5/5
Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit
New bank climate initiative fails to grasp urgent need to end finance for fossil fuels
Leading finance firms sign up to Mark Carney forum on low-carbon investment
Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement
Financial authorities concerned about group chairs' 'emperor-like power'
Voluntary standardsShinhan 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
Shinhan Financial Group's webpage on corporate social responsibility can be accessed here.