Hanwha Asset Management Establishes ESG Committee for Sustainable Management

[Asia Economy Reporter Minji Lee] Hanwha Asset Management announced on the 20th that it has established an ESG Committee to serve as the control tower for sustainable management.

Hanwha Asset Management held an extraordinary general meeting of shareholders on the 15th, completed the amendment of its articles of incorporation to establish the ESG Committee, and formed the committee with three directors. The committee will convene once every six months and plans to appoint a chairperson at the '1st ESG Committee' meeting scheduled for May.

The ESG Committee will lead ESG management activities by proposing strategies and policies for ESG management, drafting and revising regulations related to ESG management, participating in external ESG initiatives, and publishing activity reports. To support the committee's activities, the company will utilize the Sustainable Strategy Office as the secretariat organization, focusing on systematizing and internalizing ESG investment foundations such as joint ESG activities, exercising voting rights, ESG research, and ESG evaluation systems.

Previously, Hanwha Asset Management prepared for ESG management by establishing the Sustainable Strategy Office, a dedicated responsible investment organization under the CEO, in December last year?the first in the asset management industry. In early January this year, Hanwha Group’s financial companies declared 'coal divestment finance,' accelerating their ESG management efforts.

A Hanwha Asset Management official explained, “The establishment of the ESG Committee is aimed at developing into an asset management company that goes beyond its core investment activities to closely examine and reflect environmental, social, and governance factors, thereby earning the trust and expectations of society and investors.”

This content was produced with the assistance of AI translation services.