Shinhan Financial – Interim Target A

By using SBTi 1), a methodology in compliance with the Paris Agreement, we plan to reduce our own emissions by 46.2% by 2030, 88.2% by 2040, and to zero by 2043 while also seeking to reduce our asset portfolio 2)’s aggregate carbon emissions by 38.6% by 2030, 69.6% by 2040, and to zero by 2050.

• Interim Target Baseline Year: 2019