Shinhan Financial Group said on Tuesday it will strengthen its ESG execution and spread a culture of carbon-neutral practices as it marks the third anniversary of its energy strategy declaration, titled "Shinhan Financial Group Serious About Energy".

The strategy is built around 3 directions: using environmentally friendly energy, saving energy and returning savings to society.

Shinhan Financial has recently expanded everyday practice activities such as a vehicle rotation scheme, building energy-efficiency work and Clothing Circulation Day to respond to changes in conditions such as rising energy prices.

It has been implementing a vehicle rotation scheme across the group since March 23 for all employees, including executives and department heads using company vehicles. It is also carrying out activities to cut electricity use, including lights-out management at its headquarters and other self-owned buildings.

It also ran Clothing Circulation Day from March 27 to 31, with employees across the group participating. About 700 employees took part and donated about 5,000 items of clothing.

The donated items are set to be sold through the social enterprise Beautiful Store and used for resource circulation and sharing practices.

A Shinhan Financial official said, "Energy conservation and resource circulation are areas where daily practice is important," and added, "We will continue to spread a culture of carbon-neutral practices."