Finance for a Sustainable Future
Under the vision of being a “sustainable bank faithful to the basics,” IBK has systematically promoted ESG management as follows:
In 2021, it became the first financial public institution to establish an ESG Committee, formulating and implementing an organization-wide ESG strategy.
By 2024, IBK had further strengthened its ESG finance, ESG consulting, eco-friendly management, and ethical and transparent governance
as the key pillars of its ESG strategy.
IBK has continuously expanded ESG finance to proactively support SMEs and eco-friendly businesses, thereby contributing to achieving sustainable development
that balances economic and environmental interests. The bank has developed ESG-specialized financial products and provided customized consulting and financial
support to enable SMEs to adopt sustainable, environmentally friendly responsible management practices.
Notably, in collaboration with SK E&S, IBK has established a renewable energy fund totaling KRW 1.9 trillion over three years, including Korea’s first RE100 fund. In 2023, based on this partnership, IBK expanded financial support for renewable energy generation projects and signed a joint business agreement to share expertise between the two companies. Through this achievement, IBK has enhanced investment in solar and wind power plants and financial support for power purchase agreements (PPAs), contributing to the development of Korea’s RE100 market.
Additionally, IBK has reinforced gender equality and social responsibility through the issuance of gender bonds, and has obtained certification for the Science-Based Targets initiative (SBTi) to pursue practical strategies for achieving carbon neutrality. These efforts underscore IBK’s commitment to building a sustainable financial model.
