Korea Investment Financial Group, MSCI ESG Rating... Up 3 Levels
Korea Investment Financial Group announced on the 16th that it has received an A rating in this year’s Environmental, Social, and Governance (ESG) evaluation by Morgan Stanley Capital International (MSCI). This is an exceptional achievement, marking a rapid three-level jump from the previous B rating in a short period.
The MSCI ESG evaluation is a representative ESG assessment conducted by MSCI, a subsidiary of Morgan Stanley, one of the world’s top three investment banks, since 1999. Every year, it evaluates publicly listed companies worldwide based on 10 themes and 35 key issues across the environmental, social, and governance areas.
The rating upgrade of Korea Investment Financial Group is interpreted as recognition of its efforts to implement and continuously promote ESG management systems and policies across all affiliates despite uncertain internal and external business environments. In particular, the integration of ESG factors into the investment decision-making process to select investee companies and the establishment of a system to participate in the sustainable management of investee companies, thereby linking management and investment activities, served as a driving force behind the rating improvement. The specialization in sustainable finance by its affiliate Korea Investment & Securities through the Carbon Solutions Department, which handles environmental areas such as carbon emission rights, was also acknowledged.
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A representative of Korea Investment Financial Group said, “A three-level rise in the MSCI ESG rating, which holds significant credibility and influence, is an outstanding achievement even in the global financial industry. As ESG has become a core factor in investment decision-making for global investors, we expect this achievement to greatly enhance our long-term corporate value and trust.”
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