Business · Companies · 2 hrs ago
Woori Financial and MSCI discuss climate change and AI in finance
Woori Financial Group and MSCI discussed climate change and AI at a meeting in Seoul on Nov.
5.
Woori chair Lim Jong-ryong met Henry Fernandez, MSCI’s chair and CEO, to talk about how these forces affect finance and how financial firms can respond.
Woori says its founding purpose of financing economic and industrial growth now guides its work in productive, inclusive and environmental, social and governance finance.
Woori aims to provide 100 trillion won in ESG finance by 2030, and its cumulative total stood at 67 trillion won at the end of 2025.
Its bank also uses AI in green-finance work and had provided 1.8 trillion won in loans that meet South Korea’s green classification standards by the end of September.
The discussion linked climate action with AI-driven change in finance, as Woori says it will support companies shifting to lower-carbon operations and keep using AI to improve work and productivity.
Woori Financial Group chairman Lim Jong-ryong met MSCI chair and CEO Henry Fernandez to discuss climate change and artificial intelligence in finance.
The meeting took place at Woori Financial Group’s headquarters in central Seoul on November 5.
Lim described how the group links its founding mission of supporting the economy and industry with productive, inclusive and ESG finance.
Woori Financial aims to provide 100 trillion won in ESG finance by 2030, with cumulative provision of 67 trillion won by the end of 2025.
Woori Bank has used AI in green finance and provided 1.8 trillion won in green loans meeting Korea’s green taxonomy by the end of September.
- Who
- Woori Financial Group chairman Lim Jong-ryong and MSCI chair and CEO Henry Fernandez.
- What
- They discussed how climate change and AI affect the financial industry and how financial companies should respond.
- When
- November 5; Woori Financial announced the meeting on November 6.
- Where
- Woori Financial Group’s headquarters in Jung-gu, Seoul.
- Why
- To exchange views on global financial issues including climate change and AI.
This story does not have two clearly opposing sides.
Lim Jong-ryong met Henry Fernandez at Woori Financial Group’s headquarters in Seoul.
Woori Financial Group announced details of the meeting.
- Meeting date
- November 5
- Meeting location
- Woori Financial Group headquarters, Jung-gu, Seoul
- ESG finance target
- 100 trillion won by 2030
- Cumulative ESG finance
- 67 trillion won by the end of 2025
- Green loans
- 1.8 trillion won by the end of September, meeting Korea’s green taxonomy
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What people are saying
This meeting was an opportunity to exchange views on global financial issues such as climate change and AI.
Woori Financial will support companies’ low-carbon transitions and continue to pursue work innovation and productivity improvements using AI.