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HONG KONG, April 4, 2022 /PRNewswire/ -- Mirae Asset Global Investments (Hong Kong) Limited (Mirae Asset) has been awarded the Febelfin "Towards Sustainability" label for three active funds. This label certifies that these funds adhere to the highest quality standards for sustainable and socially responsible financial products.
The "Towards Sustainability" label is a quality standard for sustainable financial products, including investment funds, initiated under the Belgian financial sector federation Febelfin. A clear set of requirements, above and beyond that of regulatory requirements, including acceptable sustainable investing strategies, exclusion criteria and disclosure transparency need to be met in order to be awarded the label.
The three active funds awarded the "Towards Sustainability" label are:
Jung Ho Rhee, Chief Executive Officer of Mirae Asset, said, "We are delighted to be awarded the Febelfin "Towards Sustainability" label for three of our active funds that were recently converted to comply with SFDR[1] Article 8 UCITS funds. This achievement is a testament to our commitment to sustainable investing and we strive to lead the way as responsible investors in the region and globally. This resonates with our mission to provide investment solutions that promote sustainable development in the communities we invest in."
Rahul Chadha, Chief Investment Officer of Mirae Asset and Portfolio Manager of the three active funds, said, "Asia offers a lot of opportunities for sustainable development as an emerging market that is still urbanising. With governments' low carbon policies setting a clear direction of travel for decarbonisation, we prioritise the need for a just transition where communities' livelihoods are also considered amid the low carbon transition."
He added, "Sustainability considerations are integrated into investment decisions and everything we do at Mirae Asset. We adopt stringent Environmental, Social, Governance (ESG) integration and exclusion criteria for our SFDR Article 8 UCITS funds. As active owners, we partake in proxy voting and engage regularly with our portfolio holdings on ESG issues. We are proud to be recognised by the Febelfin "Towards Sustainability" label for the quality and robustness of our ESG investing approach."
Please visit Mirae Asset's ESG website for more details on our approach to responsible investments. For information on the label please refer to the website towardssustainability.be.
About Mirae Asset Global Investments Group
Mirae Asset Global Investments (Mirae Asset) is an asset management organization with USD 227 billion in assets under management as of February 2022. The Company provides a diverse range of investment products, including mutual funds, exchange-traded funds (ETFs), and alternatives. Operating out of 12 markets worldwide, the Company has a global team of more than 200 investment professionals.
Mirae Asset is one of the pioneers to launch Hong Kong's first listed ESG ETF, Global X China Clean Energy ETF (2809), as an SFC-authorized green and ESG fund. Following this award-winning[2] ETF, Mirae Asset also recently launched the Global X Hang Seng ESG ETF (3029), offering investors another product to meet the growing demand for ESG linked products. Mirae Asset endeavours to continue to expand product offerings to better allow investors to align their investments with their values.
[1] SFDR stands for Sustainable Finance Disclosure Regulation |
[2] Source: Bloomberg Businessweek Top Fund Awards 2021, Outstanding Performer, Global X China Clean Energy ETF, Dec 2021 |
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