Communication on Progress
- Participant
- Published
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- 15-Mar-2022
- Time period
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- March 2021 – March 2022
- Format
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- Stand alone document – Basic COP Template
- Differentiation Level
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- Self-assessment
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- Includes a CEO statement of continued support for the UN Global Compact and its ten principles
- Description of actions or relevant policies related to Human Rights
- Description of actions or relevant policies related to Labour
- Description of actions or relevant policies related to Environment
- Description of actions or relevant policies related to Anti-Corruption
- Includes a measurement of outcomes
- Statement of continued support by the Chief Executive Officer
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Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.
- No answer provided.
- Human Rights
- Assessment, policy and goals
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Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.
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Hana Bank remains committed to human rights management through Code One (Hana Financial Group's Code of Ethics), which entails the decision-making standards and code of conduct that reflect ethical values. We also endorse the human rights principles presented by the United Nations Human Rights and Guiding Principles in Business and Human Rights and will continue our efforts to protect protect the human rights of all stakeholders and prevent human rights violations.
- Implementation
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Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.
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Hana Bank conduct "Ethcis and Compliance Training for Hana Employees" twice a year. The training includes human rights education to prevent human rights violations withe the Group and raise awareness of the human rights of employees. The Bank foster essnetial viertues for reliable finance by making it mandatory for executives and all employees to attend training on preventing sexual harassement, improving attitudes toward the disabled and preventing workplace harassment.
- Measurement of outcomes
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Description of how the company monitors and evaluates performance.
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Tha Bank conduct factual surveys on human rights regarding issues that are deemed to pose potential human rights risks within the Group to prevent problems from occuring and promptly take action on and report any human rights violations.
- Labour
- Assessment, policy and goals
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Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.
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99% of total eployees join the Labour Union.
- Implementation
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Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.
- No answer provided.
- Measurement of outcomes
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Description of how the company monitors and evaluates performance.
- No answer provided.
- Environment
- Assessment, policy and goals
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Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.
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Hana Bank introduced an eco-friendly management system to the Bank’s Headquarters building and obtained ISO 14001 certification. The Bank also makes efforts to reduce carbon emissions in order to cope with global climate change. Alongside this, the Bank fulfils the Environmental Policy of Hana Financial Group, whose parent company.
- Implementation
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Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.
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The Bank provides company-wide environmental awareness training to improve environmental management. Additionally, the Bank promotes ESG engagement campaigns to ensure that all of its eployees are aware or environmental issues and to lay the groundwork for the Bank-wide ESG-oriented value creation by disseminating an eco-friendly corporate culture.
- Measurement of outcomes
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Description of how the company monitors and evaluates environmental performance.
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The Bank set GHG emission reduction target by reflecting Carbon-Neutrality by 2050 of Hana Financial Group. Also the Bank declared coal project financing phase-out plan by 2050.
- Anti-Corruption
- Assessment, policy and goals
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Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.
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Hana Financial Group, the Bank's parent compny became the first in the domestic financial industry to receive both ISO19600 and ISO37001 certifications in 2019. The Bank will continue to monior, conduct internal inspections and improve business through this certification system.
- Implementation
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Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.
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The Bank reinforced internal control to identify problems and devise solutions. As the management's awareness of internal control issues through the monthly Internal Control Committee meetings and imrpoving the Bank's constitution accroding to a road map.
- Measurement of outcomes
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Description of how the company monitors and evaluates anti-corruption performance.
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The Bank operates an internal reporting system called Healthy Alarm to address the ethical issues of its employees in a fair and timely manner. All employees and customers may report violations, wrongful conduct, sexual harassment, personnel related misconduct and the cover-up of incidents through diverse channels anyone can access easily.