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| Mirae Asset Securities' headquarters in Seoul / Korea Times file |
By Yoon Ja-young
Mirae Asset Securities was rated "A" in environmental, social and corporate governance (ESG) management by two of the country's major ESG evaluation agencies.
According to the securities company, it got an "A" rating for its ESG efforts this year from the Korea Institute of Corporate Governance and Sustainability and Sustinvest, both of which are leading ESG evaluation agencies. It is the only local brokerage that was rated "A" by them both.
As Mirae Asset Securities is seeking a leap forward as a global investment bank, its ESG efforts have been acknowledged by overseas evaluation agencies as well.
It ranked sixth among 542 global firms categorized in the "Diversified Finance" sector in terms of ESG evaluation, announced by S&P Global in October. It is the highest ranking among local brokerage firms, and in the top 1 percentile among global peers. Mirae Asset Securities has also been expanding its channels for disclosing its achievements in ESG management, including Institutional Shareholder Services (ISS), Vigeo Eiris ― a ESG research, data and assessments affiliate of Moody's ― and CDP.
Mirae Asset Securities joined the UN Global Compact (UNGC), an initiative that calls for corporate social responsibility, back in 2006. It has been faithfully implementing ESG principles in its management by establishing an ESG policy framework and making an environmental and social policy declaration. It was also the first in the local financial industry to join RE100, making aggressive efforts to transition to the low-carbon economy.
"We plan to continue our efforts in 'sustainable finance' to open up a sustainable future through investment and management. Responsible, transparent and ethical management will also be faithfully implemented," a spokesperson for Mirae Asset Securities said.
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