VI Asset Management Launches First ESG Operations Division Among Asset Management Firms
[Asia Economy Reporter Eunmo Koo] VI Asset Management (formerly High Asset Management) announced on the 13th that it has launched the industry's first dedicated ESG Investment Headquarters.
According to VI Asset Management, this is the first time in the asset management industry that a dedicated investment headquarters for ESG investment (an approach that evaluates corporate value by considering not only financial factors but also Environmental (E), Social (S), and Governance (G) aspects) has been established. Since the High Asset Management days, the company has regarded ESG investment as a long-term growth driver and has made company-wide efforts to strengthen ESG investment.
VI Asset Management established the Responsible Investment Research Team under the Equity Investment Headquarters in 2017, the first in Korea to do so for ESG investment. Following the industry’s second adoption of the Stewardship Code, in 2018, the company signed the UN PRI, an international responsible investment principle, and established an ESG investment process that meets global standards, making ESG a company-wide investment principle.
VI Asset Management has been managing the Holding Company Plus Fund, which is closely related to governance, one of the ESG elements, since 2007. In 2017, it launched Korea’s first public ESG fund (socially responsible investment fund) benchmarked against the KRX ESG Leaders 150 Index. The company also manages multiple ESG funds, including the KRX ESG Leaders 150 ETF. By expanding the existing Responsible Investment Research Team to launch the ESG Investment Headquarters, the company stated that this reflects the management’s strong will to advance as a specialized ESG asset management firm.
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Park Sunho, Head of the ESG Investment Headquarters at VI Asset Management, said, “ESG investment is an unavoidable global trend, and ESG will rapidly establish itself as a major investment destination in Korea in the future.” He added, “Considering recent global Green New Deal trends in Europe, the United States, and Korea, the importance of ESG investment will further increase.”
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