2023.07.05
Mirae Asset Securities recognized for ESG efforts
BY SOHN DONG-JOO, Korea JoongAng Daily -
Mirae
Asset Securities was graded A by the local environmental, social and governance
(ESG) ratings agency Sustinvest, the brokerage company announced Friday.
The company has been
keeping tabs on ESG since 2006 to foster a sustainable financial business.
Establishing medium and long-term goals for ESG criteria and taking phased
steps to meet the goals with sub-level tasks contributed to the rating, the
company said.
It became the first
securities company to make a long-term renewable energy certificate (REC)
purchase in February as part of its goal to achieve RE100 by 2025. RE100 is a
global campaign to replace all electricity generated by fossil fuels with
renewable energy by 2050, and purchasing RECs is one way of achieving RE100.
RECs are tradable
instruments issued when one megawatt-hour of electricity used is generated from
a renewable energy resource. Mirae Asset aims to be carbon-neutral by 2040.
The financial firm
was the first Korean securities company to receive ISO 45001 certification, an
international standard for occupational health and safety. It changed its
dividend policy at the general shareholders meeting earlier this year to allow
investors to buy shares after the dividend yield is determined, starting from
2024.
“Mirae Asset
Securities will continue to practice sustainable finance, especially on
transparent management, to pioneer a sustainable future with investment and
fund management,” a spokesperson at the company said.