Mirae Asset Financial Group

In terms of senior leadership accountability, Mirae Asset Financial Group assigns the responsibility for sustainability issues within the financial institution to the board-level environmental, social and governance committee.

As a member of Climate Action 100+, the Mirae Asset Financial Group’s subsidiary, Mirae Asset Global Investments discloses that it collectively engages with its investees on the topic of climate change.

No leading practices were identified for the financial institution in the adhering to societal conventions measurement area.

In terms of its approach to senior leadership accountability, Mirae Asset Financial Group has an opportunity to link the remuneration of its executive and management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. It has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees, across its financing activities.

There is no evidence that Mirae Asset Financial Group discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, it has an opportunity to disclose the amount of its investment devoted to climate solutions. No evidence was found regarding the financial institution’s approach to fossil fuels that spans across the fossil fuel value chain and across its investment activities, such as the amount or share of investment it directs towards fuels, or its stance on investing in companies with new fossil fuel projects. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.

There is no evidence that Mirae Asset Financial Group has a publicly available policy statement committing it to respect human rights and the ILO declaration on fundamental rights at work. It has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its investment activities. Furthermore, it has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group, gender or another indicator of diversity. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of finance directed towards low-income developing countries.