Strengthening Integrated Risk Management
KB Financial Group is working to minimize the negative environmental and social impacts that are generated through our business activities, whether direct or indirect. We are also strengthening control over non-financial risks as well as traditional financial risks to establish a companywide integrated risk management system. With the aim of ensuring a systematic environmental and social risk management, KB Financial Group has buttressed its monitoring and management of ESG issues and established the direction and process for environmental and social risk management to better manage such risks.
|Financial Risks||ESG-related Risks|
|Risks that may be caused by financial issues such as credit risks, market risks, interest rate risks, and liquidity risks||Risks that may be caused by ESG factors such as climate change, environmental impacts, and social issues|
Environmental and Social Risk Management
KB Financial Group works to ensure preemptive detection and systematic management of the environmental and social risks involved in its business activities. We restrict our investments and loans by identifying industries with high ESG risks. We may refuse or suspend specific transactions for customers found as high-risk through our mandatory Know Your Customer process incorporating ESG risks.
on ESG risks
- Restrict financial
- Support financial
ESG risk assessment