Shown above is the head office of Mirae Asset Securities, which has garnered the highest A mark from South Korea’s major institutes evaluating corporate ESG management. Photo courtesy of Mirae Asset Securities

Leading brokerage house sets an example in responsible management

South Korea’s Mirae Asset Securities said on Nov. 30 that it had secured the highest A marks in the annual evaluations of the country’s major outfits monitoring corporate ESG management.

The two entities were the Korea Institute of Corporate Governance and Sustainability and Sustinvest.

Mirae Asset Securities was the only securities company to gain the top marks from the two institutes. Mirae Asset Securities is the country’s leading brokerage house.

Brief 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 few years, ESG programs have become a hot-button topic for businesspeople, bureaucrats, and scholars both at home and abroad.

This is not the first time for Mirae Asset Securities to garner high scores in the ESG-related evaluation.

Earlier in October, S&P Global announced that Mirae Asset Securities ranked No. 6 in the diversified finance area among a total of 542 global financial companies.

Mirae Asset Securities’ ranking was the highest among South Korean brokerages.

The Seoul-based company noted that it had also put forth efforts to work in line with the ESG evaluation criteria of such global organizations as the Institutional Shareholder Services, Moody’s, and CDP.

As a part of such efforts, Mirae Asset Securities took part in the UN Global Impact designed to promote corporate social responsibility, back in 2006.

In addition, Mirae Asset Securities has become the first financial firm in South Korea to join RE100, a global initiative committed to 100 percent renewable electricity.

“In order to achieve the sustainable finance model, we will pull out all the stops in investments and other operations,” a Mirae Asset official said.

“Down the road, we will also put such values first as responsibility, transparency, and ethical management.”

Hillary Lee studied literature in Seoul. Lee has big interests on various topics including IT, BT, business and finance. Lee can be reached at homin30@hanmail.net or 82-2-6956-6698.