Hanwha Asset Management Publishes Industry's First English Responsible Investment Report

Hanwha Asset Management announced on September 24 that it has published both the Korean and English versions of its "Responsible Investment Report 2024."

The Responsible Investment Report presents the current status of responsible investment by institutional investors and aims to faithfully report the results of implementing the Stewardship Code. The report is available for anyone to view in the Stewardship Code section of the Hanwha Asset Management website.

The report covers topics such as: ▲ Management vision and responsible investment governance system ▲ Key product strategies and performance, stewardship activities (exercise of voting rights) ▲ ESG (Environmental, Social, and Governance) evaluation ▲ Shareholder engagement ▲ Major awards and talent development ▲ ESG social contribution practices, among others.

In the second half of last year, Hanwha Asset Management established the goal of becoming "Korea's leading global asset management company" as its company-wide management objective. The publication of the English Responsible Investment Report is the first among private asset management firms in Korea, enhancing global competitiveness and improving investor access to information.

Globally, as in Korea, there is a growing trend to strengthen the monitoring of Stewardship Code implementation. As a result, faithfully reporting and disclosing the status of responsible investment has become increasingly important. To this end, Hanwha Asset Management has been at the forefront of responsible investment, becoming the first domestic asset management company to establish an ESG Committee within its board of directors in May 2021.

Since 2020, the company has been sending shareholder letters. Last year, it sent letters to 73 major companies addressing not only timely issues such as industrial safety, major accidents, and information security, but also a wide range of ESG themes including climate change, natural capital, circular economy, AI ethics, corporate ethics (embezzlement, breach of trust, etc.), and corporate value (value-up disclosures). By actively communicating and receiving detailed responses from companies, Hanwha Asset Management has fulfilled its responsible role as an investor. At the end of last year, the company further strengthened its commitment to responsible investment by establishing an ESG Secretariat.

Lee Changjoo, Head of Risk Management at Hanwha Asset Management, stated, "We plan to strengthen shareholder engagement on information security and AI ethics, which have recently become major issues. In addition to regularly publishing the English report, we will diversify the content within the report to provide investors with deeper insights."

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