Mirae Asset Global Investments Strengthens Responsible Investment Principles by Developing ESG Evaluation Model

[Asia Economy Reporter Hwang Yoon-joo] Mirae Asset Global Investments announced on the 14th that it has developed an ‘ESG Evaluation Model’ specialized for asset management firms to incorporate key ESG (Environmental, Social, Governance) agendas important from an investor’s perspective into the management of stocks, bonds, and other assets.

Through the development of this ESG evaluation model, Mirae Asset Global Investments plans to strengthen its responsible investment principles by adding ESG strategies to its investment philosophy.

The ESG evaluation model developed by Mirae Asset Global Investments departs from the commonly used comprehensive evaluation method in Korea, which classifies ESG into E (Environment), S (Social), and G (Governance), and applies a more detailed evaluation approach.

From an investor’s perspective, it is subdivided into 20 categories under 7 key agendas, with evaluations conducted using approximately 80 final indicators.

The 7 key agendas are classified as ▲Climate Change ▲Natural Capital ▲Eco-friendly Growth ▲Supply Chain Management ▲Human Capital ▲Trust Capital ▲Governance. The 20 categories include governance, climate change mitigation, climate change adaptation, fair trade, labor environment, safety and health, anti-corruption, transparency, internal control and audit, among others.

Mirae Asset Global Investments applied this model first to about 380 growth-oriented stocks in the domestic equity universe during the first half of this year. It was applied as a replacement and supplement to the ESG evaluation scores in the existing stock management research evaluation process, and plans to reflect it in bonds, multi-asset management, and other areas in the future to establish an ESG evaluation system specialized by asset class.

Through this, Mirae Asset Global Investments expects to establish an ESG integration strategy and lead domestic asset management firms in incorporating ESG strategies into investment principles.

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