Active
This profile is actively maintainedActive
This profile is actively maintainedWebsite | 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 | |
Ownership |
listed on Korea Exchange
Hana Financial Group's largest shareholder is the National Pension Service of Korea (7.79%). 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.
Hana Financial Group's moast important sustainability commitments can be found at the website sections listed below.
Links
Hana Financial Group's subsidiary, Hana Bank Indonesia, is a signatory to IFC's Green Equity Approach.
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.
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".
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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.
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.
Human Rights Benchmark Asia 2022
Banks and Nature
Forest & Finance Policy Assessment 2022: Overall scores
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:
Forest & Finance Policy Assessment 2022: Beef
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:
Forest & Finance Policy Assessment 2022: Palm Oil
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:
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.
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.