We thoroughly assess the environmental and social impacts of financial support as a part of strategic directions to respond to industrial and technological changes along with social and environmental demands, discover new markets, and readjust our portfolios and implement an environmental and social risk management system by conducting reviews in compliance with global standards for large-scale Project Financing (PF).
| Management of Risky Areas in Environmental and Social Performance |
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We selected 12 risky areas of environmental and social issues including global warming, fine dust, biodiversity, industrial safety and health, etc. based on the International Finance Corporation (IFC) guidance to manage the group’s exposure to those areas. We also conduct monitoring with various perspectives such as industrial and technical changes and regulatory trends caused by environmental and social issues and exclude or provide optional financing support for projects engaging in areas with huge environmental and social impact.
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#Environmental and social issues – destruction of ecosystems, air, water, and marine pollution, child labor, health, migration of indigenous people, mass destruction, and hazardous substances
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| Environmental and Social Reviews |
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As for project financing with a huge impact on the environment and society, we conduct a series of reviews such as target selection, risk level classification, environmental and social impact assessment based on the Equator Principles to evaluate environmental and social risks of the project and manage such risks by adding mitigation options to the contract terms.
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#Preliminary review->classification->environmental and social impact assessment->follow-up management process #Management of environmental destruction and human rights violation to conduct PF
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