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Hana Financial GroupSouth Korea

Active

This profile is actively maintained
Last update: 2025-04-24 13:57:03
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: 2025-04-24 13:57:03
Bank info
BankTrack campaigns
All
About
Website https://www.hanafn.com/en/main/index.do
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 (9.411%). 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
Commitments
Policies
Voluntary standards

Hana Financial Group's moast important sustainability commitments can be found at the website sections listed below.

Links

ESG Strategy

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

2024-04-18 00:00:00

Human Rights Management

Date listed represents date as accessed on website
Bank policy
2024-04-18 00:00:00 | Hana Financial Group
2023-07-28 00:00:00

Sustainable Finance Framework

Bank policy
2023-07-28 00:00:00 | Hana Financial Group
2022-06-28 00:00:00

Sustainable finance framework guide

Bank policy
2022-06-28 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.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Net Zero banks’ turn their back on crucial 1.5ºC climate target

“Overwhelming majority” of Net-Zero Banking Alliance (NZBA) members seeks to loosen obligations on how to reach Paris climate goals.
2025-04-15 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
BankTrack news BankTrack blog Partner news Partner blog

Ombudsman to investigate World Bank Group ties to toxic Indonesia coal project

2024-07-11 | Inclusive Development International (IDI)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

World Bank is backing dozens of new coal projects, despite climate pledges

New research shows that the IFC is providing back-door support to at least 39 new coal projects throughout China, Indonesia and Cambodia.
2023-10-04 | Inclusive Development International, Recourse, Trend Asia
Blog
BankTrack news BankTrack blog Partner news Partner blog

World Bank Group under fire for backing toxic and unnecessary Java 9 & 10 coal project in Indonesia

A formal complaint has been lodged against the World Bank Group for providing back-door financing for two new coal power plants in Indonesia.
2023-09-15 | Inclusive Development International, Recourse, Trend Asia
BankTrack news BankTrack blog Partner news Partner blog

Green groups slam World Bank for backing Indonesian coal plants

The International Finance Corporation (IFC) has supported the construction of the new plants at the Suralaya coal complex through a $15.36 million equity investment in one of the projects’ financiers, Hana Bank Indonesia
2023-09-14 | PENA Masyarakat, Recourse, Trend Asia, IDI
BankTrack news BankTrack blog Partner news Partner blog

IFC must stop funding fossil fuels via financial intermediaries, new report says

2023-04-12 | Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

IFC announces it will stop clients funding new coal projects

2023-04-04 | Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
2022-04-05 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Ensuring green equity means equity for people and planet

2021-10-14 | BankTrack, Heinrich Böll Stiftung Washington DC, Recourse, Trend Asia
BankTrack news BankTrack blog Partner news Partner blog

Hana Bank Adopts the Equator Principles

2021-08-23 | EPA
BankTrack news BankTrack blog Partner news Partner blog

Financial close on Indonesia Java 9 & 10

2020-11-13 | IJGlobal
Resources
Documents
2024-10-01 00:00:00

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA
2024-08-13 00:00:00

TCFD Report 2023

Other bank document
2024-08-13 00:00:00 | Hana Financial Group
2024-04-18 00:00:00

Human Rights Management

Date listed represents date as accessed on website
Bank policy
2024-04-18 00:00:00 | Hana Financial Group
2024-04-18 00:00:00

Annual report 2023

Annual report
2024-04-18 00:00:00 | Hana Financial Group
2024-01-23 00:00:00

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack
2023-07-28 00:00:00

Sustainable Finance Framework

Bank policy
2023-07-28 00:00:00 | Hana Financial Group
2023-06-12 00:00:00

CSR report 2022

Annual report
2023-06-12 00:00:00 | Hana Financial Group
2023-05-19 00:00:00

Annual report 2022

Annual report
2023-05-19 00:00:00 | Hana Financial Group
2022-06-28 00:00:00

Sustainable finance framework guide

Bank policy
2022-06-28 00:00:00 | Hana Financial Group
2022-05-20 00:00:00

CSR report 2021

Annual report
2022-05-20 00:00:00 | Hana Financial Group
2022-05-02 00:00:00

Annual report 2021

Annual report
2022-05-02 00:00:00 | Hana Financial Group
2022-03-31 00:00:00

Banking Asia's Future

How to Align with National Climate Plans
Other document
2022-03-31 00:00:00 | Aviva: Asia Research and Engagement
2021-10-05 00:00:00

Is the International Finance Corporation’s Greening Equity Approach working in practice? A case study from India

NGO document
2021-10-05 00:00:00 | Centre for Financial Accountability and Recourse
2021-08-26 00:00:00

Annual report 2020

Annual report
2021-08-26 00:00:00 | Hana Financial Group
2021-08-26 00:00:00

CSR Report 2020

Annual report
2021-08-26 00:00:00 | Hana Financial Group
2020-06-30 00:00:00

Coming clean: can the IFC help end coal finance?

NGO document
2020-06-30 00:00:00 | Recourse, Trend Asia, Philippine Movement for Climate Justice and Korea Sustainability Investing Forum
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.

Hana Financial Group is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

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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Banks and Climate

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Hana Financial Group’s fossil fuel policy below.

Assessment of Hana Financial Group's coal policy in the Coal Policy Tool

Assessment of Hana Financial Group's polices in the Oil & Gas Policy Tracker

Banks and Human Rights

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.

The BankTrack Human Rights Benchmark

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
Hana Financial Group
KOR
2.5
Laggard 2.5
0
South Korea
Score
Laggard
2.5
Explanation

Hana 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 Laggard, with a total score of 2.5 out of 14.

Policy: 1/3
Due dilligence: 1/5
Reporting: 0.5/3
Remedy: 0/3

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

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 0.3
0
South Korea
Profile
Score
Laggard
0.3
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Hana Financial' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Hana financial' profile.

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 0
0
South Korea
Profile
Score
Laggard
0
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Hana Financial Group' profile.

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 0.3
0
South Korea
Profile
Score
Laggard
0.3
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Hana Financial Group' profile.

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.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

Hana Financial Group is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

Tracking NZBA banks commitments

Banks and Russia

Banks and Russian Aggression 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.

Bank responses to Russia's invasion of Ukraine

Good Moves

Good moves

Year:
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