MBK Partners Selected by Time Magazine as One of the 'World's Best Companies 2024'

MBK Partners announced on the 25th that it has been selected as one of the 'World’s Best Companies' for 2024 by the global weekly magazine TIME and the German market analysis firm Statista.

The 'World’s Best Companies' selected by TIME was announced for the second time this year, comprehensively analyzing 15 categories across three areas?corporate growth rate survey, ESG indicators survey, and employee satisfaction survey?targeting companies worldwide to identify the top 1,000 performing companies.

Among these 1,000 companies, only three private equity (PE) firms?MBK Partners, EQT Group, and Bain Capital?were included. MBK Partners is the only Korean financial company selected alongside Industrial Bank of Korea among 97 financial companies chosen in the 'Banking & Financial Services' sector. There are 23 domestic companies on the list, including SK Group, Hyundai·Kia Motors, and Naver.

TIME and Statista initially shortlisted global companies that scored above average in employee satisfaction based on a survey involving more than 170,000 participants from 50 countries, then further selected companies by examining their compound annual growth rate (CAGR) and direct growth rate between 2021 and 2023.

Finally, companies that achieved outstanding scores in the sustainability index through an assessment of eight key ESG indicators were selected in the final stage.

MBK Partners was the first domestic PE investment firm to sign the UN Principles for Responsible Investing (UNPRI) in March 2013, 11 years ago, establishing a responsible investment policy on ESG and reflecting the philosophy of responsible investing in its investment processes.

In September last year, MBK Partners independently established an ESG evaluation manual to meticulously review risks and improvement opportunities during due diligence of target companies and is making thorough efforts in managing ESG for its portfolio companies.

In particular, MBK Partners conducts detailed ESG evaluations of its investees covering 'environmental risks' such as greenhouse gas emissions, energy and water usage, supply chain management, and waste management; 'social risks' including overall compliance with laws and regulations, responsible labor practices, working conditions and workforce diversity, consumer health and safety, and cybersecurity risks; as well as corporate 'governance' matters.

As of the end of 2023, the number of employees at Korean, Japanese, and Chinese companies invested in by MBK Partners exceeds 84,000. These portfolio companies continue efforts in environmental protection, community contributions for diversity and vulnerable groups, and improving corporate governance. As of October 2024, the proportion of female investment professionals at MBK Partners is 26%, higher than the U.S. PE industry average of 22%.

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