Award-winning asset Mirae (Hong Kong) reaffirms its commitment to ESG efforts, in line with SFDR[1] Article 8 UCITS


HONG KONG, January 28, 2022 /PRNewswire/ — Mirae Asset Global Investments (hong kong) Limited (Mirae Asset) today announced that the Company has reaffirmed its commitments to environmental, social and governance (ESG) efforts with a formal conversion to comply with Article 8 of the SFDR. The UCITS funds which cover the Mirae Asset Head of Sustainable Asia Sector, Industry Leader of Sustainable India, and Sustainable Asia-Pacific Equity Funds[2].

(PRNewsfoto/Mirae Asset Global Investments (Hong Kong) Limited)

Effective January 28, 2022, under the SFDR Article 8 UCITS funds, the Company is committed to providing investments that promote environmental and social characteristics, and companies that follow good governance practices.

Jung Ho Rhee, Managing Director of Mirae Asset, said “At Mirae Asset, we are deeply aware of our responsibilities. As good corporate citizens, ESG considerations are firmly embedded in our corporate mindset. Our unwavering principles and core values ​​define our purpose , and we continue to pursue relentless innovation and expand our capabilities with a forward-looking and pioneering approach to improving corporate governance through active shareholder voting. to help create social and economic value for the communities we invest in. The conversion to comply with SFDR Article 8 UCITS funds aims to further reinforce our commitment to lead the global stewardship and create voice and value for the community and stakeholders through ESG development.”

Recognized for his continued dedication

Mirae Asset is among the pioneers to launch that of Hong Kong first listed ESG ETF[3], ETF Global X China Clean Energy, as an SFC approved green and ESG fund. In recognition of Mirae Asset’s exceptional commitment to corporate stewardship through the lens of ESG development and of the society efforts to help create social and economic value for all stakeholders in the communities in which the company invest, the fund was recently recognized by Bloomberg Businessweek’s Top Fund Award, winning runner-up “Outstanding Performer” in the Equity of Greater China category for its NAV Total Return 1 Year, in January 2022.

This award is recognition that has demystified the non-performance benefits of ESG investing. Mirae Asset practices comprehensive ESG integration through a two-pronged approach: actively investing in ESG themes and performing ESG selection and engagement for the company’s portfolios.

Implementation of ESG efforts

By actively investing in ESG themes, Mirae Asset directs capital to companies that have a positive impact on the environment and society. Completing an ESG review and engagement enables the Company to refrain from investing in sectors with a negative ESG impact, while encouraging ESG-poor companies to improve for long-term resilience and value creation.

To practice ESG integration, Mirae Asset developed in 2016 an exclusive ESG scorecard for Asian equity investing to ensure that ESG ratings are tailored to portfolio companies based on the sectors and markets in which they operate. Mirae Asset’s ESG scorecard covers 24 industry groups. across 11 sectors and is comprised of 14 topics categorized under the pillars of environmental, social impact, governance and the United Nations Sustainable Development Goals (UN SDGs).

Mirae Asset refrains from investing in companies that have significant revenues (more than 15%) from certain sectors, including but not limited to thermal coal mining and unconventional oil and gas.

As an active owner, Mirae Asset’s analysts and portfolio managers constantly interact with companies and conduct site visits to understand companies in their entirety. Mirae Asset believes that these meetings provide an additional layer of ESG understanding that the company cannot reach only by accessing the sell side search. Mirae Asset’s unwavering commitment to ESG issues is also evident in its membership of the Task Force on Climate-Related Financial Disclosures (TCFD) in August 2021. The Company is one of the leading asset managers in hong kong become a signatory to the United Nations Principles for Responsible Investment (PRI) in 2015.

About Mirae Asset Global Investments Group

Mirae Asset Global Investments (the Company) is an asset management organization with over $229 billion of assets under management at December 2021. The Company undertakes to deploy ESG efforts in accordance with article 8 of the SFDR UCITS.

The Company offers a diverse range of investment products, including mutual funds, exchange-traded funds (“ETFs”) and alternative products. Operating in 12 markets around the world, the Company has a global team of over 200 investment professionals.

[1] SFDR stands for Sustainable Finance Disclosure Regulation

[2] The full names of the funds are Mirae Asset Sustainable Asia Sector Leader Equity, Mirae Asset Sustainable India Sector Leader Equity and Mirae Asset Sustainable Asia Pacific Equity Funds.

[3] ETF stands for Exchange Traded Fund.

This document is for hong kong investors only. This document is provided for informational and illustrative purposes and is intended for your exclusive use. This is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained herein has been provided for general market commentary only and does not constitute any form of regulated financial, legal, tax or other regulated service.

Some of the statements contained herein are statements of future expectations and other forward-looking statements. Views, opinions and estimates are subject to change without notice and are based on a number of assumptions which may or may not materialize or prove to be correct. Actual results, performance or events may differ materially from those indicated in these statements.

Investing involves risk. Past performance is not indicative of future performance. There can be no assurance that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or unwilling or unable to bear the risk of loss and ownership of such an investment. Before making any investment decision, investors should read the Prospectus for details and risk factors. Investors should ensure that they fully understand the risks associated with the Funds and should also consider their own investment objective and level of risk tolerance. Investors are advised to consult an independent professional before making any investment.

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