In 2023, Shinhan Financial Group conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 845a | 853a | 929a | |
Total Waste Recovered | 621a | 357a | 372a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2023, Shinhan Financial Group generated a total of 845metric tonnes of waste.a
Of this amount, 73.49% of Shinhan Financial Group's total waste generated was recovered through methods such as recycling, reuse, or composting, while 26.51% was disposed of through landfilling, incineration, or combustion.a
In 2023, Shinhan Financial Group reported a total waste generation of 845 metric tonnes, of which 73.49% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that Shinhan Financial Group is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2021, Shinhan Financial Group's total waste generation decreased by 9.04%, and remained stable in 2023, which may indicate a new baseline following earlier reductions in waste output.a
Over the same period, Shinhan Financial Group's waste recovery rate increased by 83.53%, including a 75.6% rise in 2023, indicating growing emphasis on circularity and improved operational practices for diverting waste from disposal.a
Overall, Shinhan Financial Group appears to have stabilized its waste output following a period of long-term reduction, while continuing to improve its recovery practices. This suggests consolidation of earlier gains with stronger waste treatment efforts.