Citibank Korea said Wednesday it sponsored the ninth Climate Action Conference, held on the previous day at a hotel in central Seoul. The event was jointly hosted by the Korean chapter of the World Wide Fund for Nature, United Nations Global Compact Network Korea and Korea Sustainability Investing Forum. According to the bank, this year's conference was devoted to providing practical guidance for the local compa.
Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100 per cent renewable energy, a person familiar with the matter said, as partners such as Apple Inc push it for action against climate change. Samsung, the world's biggest chipmaker, is late to the green power pledge: It's been two years since hometown.
By Byungwook Kim (Reuters) - Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100% renewable energy.
By Kim Hyun-bin
More financial institutions are joining carbon-neutrality and anti-coal campaigns in order to help companies shift to renewable energy.
Hana Financial Group, which has vowed to become carbon neutral by 2050, joined the anti-coal campaign as part of its Next 2030 Management Principles goal as well as supporting the government s carbon-free initiatives.
The Korean government aims to become carbon neutral by 2050 to transition in a green economy and maximize the utilization of renewable energy sources.
Hana Financial Group will halt investing and financing the construction of coal power plants as well as acquiring related bonds.
The lender also plans to establish an Environmental and Social Risks Management (ESRM) program in the first half of this year and restrict financial aid for businesses that harm the environment or commit human rights abuses.