Shinhan Financial Group leaders met with British Deputy Minister Lord Gerry Grimstone of International Trade and British Ambassador Colin Crooks in Seoul at its head office in Seoul on June 3 to discuss the financial role for sustainable investment such as building eco-friendly infrastructure.
Deputy Grimstone served as the chief executive officer of Barclay, one of the UK's leading banks.
Currently, he is the deputy minister of the Investment Promotion Office under the UK International Trade Ministry and the Prime Minister's Office and is pursuing UK eco-friendly financial policies.
The meeting was held to find opportunities for Shinhan Financial to invest in ESG (environmental, social, governance) bonds and eco-friendly infrastructure projects in the UK financial market and to expand sustainable investments such as ‘green finance.’
Shinhan Financial has co-hosted the UK-Korea Investment Forum four times with the UK International Trade Ministry.
In addition, ESG Global Desk is installed at Shinhan Bank London Branch Office, and various activities are being carried out in the UK financial market, such as installing ESG Global Desk at Shinhan Bank London Branch.
Last year, the British Nigel Topping Climate Action Champion, in May, discussed the role of finance in solving the climate crisis and biodiversity problems with the British Environment Minister Goldsmith, and is working with the British government to spread eco-friendly finance.
CEO Cho Yong-byoung of Shinhan Financial Group said, "We are trying to spread eco-friendly finance by attending the COP26 (26th Conference of Parties to the Climate Change Convention) held in Glasgow last year and introducing Shinhan Financial's carbon neutral finance." Then he said, "We will do our best to be an example of Asia in sustainable investment such as renewable energy."