Mirae Asset Financial Group

No leading practices identified for the financial institution.

The institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts and link senior executive remuneration to sustainability targets. While its Securities division monitors scope 1-2 emissions, group-level monitoring is lacking, and there is no evidence of financed emissions monitoring at the group level. It is recommended that the institution disclose its monitoring of other scope 3 emissions categories and detail the methodology for its footprint calculation. A transition plan covering operations, supply chain, and portfolio should be established, with emissions reductions aligned with interim targets. The breakdown of clients by income group and processes to avoid divestment from low-income countries should be disclosed. The risk assessment process should include ILO fundamental rights risks, and social risks related to the net zero transition should be identified. An example of conclusions and actions taken regarding salient human rights issues from the last three years should also be provided.

The institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts and link senior executive remuneration to sustainability targets. While its Securities division monitors scope 1-2 emissions, group-level monitoring is lacking, and there is no evidence of financed emissions monitoring at the group level. It is recommended that the institution disclose its monitoring of other scope 3 emissions categories and detail the methodology for its footprint calculation. A transition plan covering operations, supply chain, and portfolio should be established, with emissions reductions aligned with interim targets. The breakdown of clients by income group and processes to avoid divestment from low-income countries should be disclosed. The risk assessment process should include ILO fundamental rights risks, and social risks related to the net zero transition should be identified. An example of conclusions and actions taken regarding salient human rights issues from the last three years should also be provided.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.