Mirae Asset Securities bags top mark in ESG

Sustinvest gives A mark to Korea’s leading brokerage in 2023

South Korea’s Mirae Asset Securities noted on June 30 that it had received the highest A mark in Sustinvest’s half-year evaluation for this year about corporate ESG management.

Mirae Asset was the only brokerage house in South Korea to secure the top mark, according to Sustinvest, the international investment and consulting firm.

Observers point out that Mirae Asset Securities deserves a good evaluation in consideration of its efforts in ESG management.

For example, the Seoul-based company started coming up with sustainability reports in 2006 to delve into various non-financial factors.

Last year, the brokerage adopted the Partnership for Carbon Accounting Financials, an initiative of trying to measure and disclose greenhouse gas emissions of loans and investments.

Earlier this year, the company signed a long-term purchase agreement for solar renewable energy certificates (RECs) with Sunset Energy as a part of efforts to achieve the RE100 by mid-decade.

This week, it became the first securities company in Korea to win an independent, third-party certification to ISO 45001, which is related to worker safety.

A Mirae Asset Securities official said that the firm would continue to pull out all the stops to remain ahead of the pack when it comes to ESG management.

Short for Environmental, Social, and corporate Governance, ESG has been recognized as three central factors in improving the sustainability of a company or business.

Over the past several years, ESG programs have become a hot-button topic for businesspeople, bureaucrats, and scholars both at home and abroad.

“We will keep offering sustainable finance to explore the sustainable future through investment and management,” the official said. “In particular, we will put first transparency, responsibility, and ethics.”

The publisher studied Korean history in Seoul and management of business administration in the United Kingdom. He has 20-year experiences in the media business. Kim can be reached at voc200@gmail.com or 82-2-6956-6698.