Maston Asset Management, the Only Korean Asset Management Firm Selected as a UNGC Sustainable Finance Case

Maston Investment Management was the only domestic asset management company selected as an ‘Outstanding Sustainable Finance’ case by the United Nations Global Compact (UNGC).

From the left, Min Seonghun, Chairman of the ESG Committee at Maston Investment Management, Yoo Yeoncheol, Secretary General of the UNGC Korea Association, and Lee Gil-ui, Vice President of Maston Investment Management
[Photo by Maston Investment Management]

On the 20th, Maston Investment Management announced that it was recognized as an outstanding case of sustainable finance at the ‘2023 Korea Leaders Summit’ held on the 16th at the Grand Hyatt Seoul in Yongsan-gu, Seoul, hosted by the UNGC Korea Network.

The ‘Korea Leaders Summit’ is the largest corporate sustainability conference in Korea organized by the UNGC, the world’s largest voluntary international agreement. It brings together a diverse range of stakeholders including senior officials from international organizations, domestic and international sustainability management experts, representatives from major companies and financial institutions, and non-governmental organizations (NGOs). The UNGC was launched in 2000 at the UN Headquarters in New York to integrate the ten principles in the areas of human rights, labor, environment, and anti-corruption into business strategies and activities, and to contribute to achieving the United Nations’ Sustainable Development Goals. Currently, more than 23,000 organizations and companies from over 160 countries worldwide participate.

At this conference, current status and response strategies related to major domestic and international ESG (Environmental, Social, and Governance) agendas such as ESG disclosure, carbon neutrality realization, supply chain human rights due diligence, sustainable finance, and DEI (Diversity, Equity, and Inclusion) were discussed. A total of 12 companies including financial holding companies, banks, capital firms, securities, card companies, and public institutions were selected as outstanding cases of sustainable finance by the UNGC. Maston Investment Management was the only asset management company selected. Maston Investment Management is recognized for presenting a new direction for sustainable finance in the alternative investment sector.

Maston Investment Management has been promoting ESG internalization activities in various forms, including registering patents for high-efficiency refrigeration systems to reduce greenhouse gas emissions and electricity costs, obtaining LEED certification, an international eco-friendly building certification system, introducing eco-friendly lease agreements, publishing ESG reports, and hosting sustainable finance talks.

Lee Gil, Vice President of the Management Division at Maston Investment Management, stated, “We have been steadily conducting multi-layered ESG activities so that stakeholders can feel our sincerity, from employee goods donation campaigns to the Sustainable MZ Forum,” and added, “We will continue to take the lead in activities that can create social value and actively contribute to spreading ESG DNA in the asset management industry.”

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