Mastern Asset Management Establishes ESG Committee Under the Board of Directors

Minsung Hoon, Chairman of the ESG Committee at Maston Investment Management

[Asia Economy Reporter Minji Lee] Maston Investment Management announced on the 22nd that it has established an ESG (Environmental, Social, and Governance) Committee directly under the board of directors.

The ESG Committee is the highest decision-making body related to ESG within Maston Investment Management. It establishes company-wide ESG policies, monitors the implementation of mid- to long-term ESG initiatives, and provides guidelines to help employees consider ESG factors in their decision-making processes.

The ESG Committee consists of four members, including the chairperson. Professor Min Seonghun from the Department of Architecture, Urban, and Real Estate at Suwon University was appointed as the chairperson. CEO Kim Daehyung, outside director Jeon Byeongha, and outside director Kim Byeongik will serve as members of the ESG Committee.

Professor Min, who is also an outside director at Maston Investment Management, teaches courses such as Real Estate Development, Real Estate Investment, and Real Estate Finance at the university. He is an expert in alternative investments, primarily researching responsible real estate investment. Before joining academia, he served as a director at Alpha Asset Management and as head of the investment division at Nomura Real Estate Asset Management, earning recognition for his strong practical understanding.

Maston Investment Management sought to harmonize top-down and bottom-up approaches to spread an ‘ESG DNA’ within the company. Alongside the ESG Committee, it launched an ESG Council composed of representatives and vice representatives from each division, as well as an ESG Task Force responsible for ESG operations. The ESG Task Force consists of practitioners from investment, management, and support departments and functions as the execution organization for ESG management.

Kim Daehyung, CEO of Maston Investment Management, stated, “Through real estate investment internalizing ESG principles, we will deliver proper benefits and shared value to various stakeholders, including our clients.”

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