DigitalCFO Newsroom | 6 September 2022
Mirae Asset is proud to announce that it has won the ESG Product and Service Award.
Mirae Asset Global Investments (Hong Kong) Limited is proud to announce that it has won the ESG Product and Service Award at the Environmental, Social and Governance Achievement Awards 2021/2022. Established by the Institute of ESG & Benchmark, the awards aim to honor local and global corporations working in Hong Kong that are advancing the adoption and evaluation of ESG practices. Mirae Asset was recognized for its innovative lineup of ESG ETFs that spans core equities, core fixed income and thematic growth. Following the recent launch of the Global X Bloomberg MSCI Asia Ex Japan Green Bond ETF (3059/83059), the Company currently manages three ESG ETFs that incorporate ESG factors as their key investment focus and reflect them in their investment objective or strategy.
As a signatory of the United Nations Principles for Responsible Investment since 2015 and a member of the Task Force on Climate Related Disclosures and the Asia Investor Group on Climate Change, the Company is committed to developing high-quality ESG products and promoting the sustainable development of the communities in which it invests. Mirae Asset was the first issuer to launch a SFC-authorized ESG ETF in Hong Kong with the Global X China Clean Energy ETF (2809/9809) in January 2020 and subsequently expanded its offering through the launch of the Global X Hang Seng ESG ETF (3029) in March 2022. The Company’s ESG ETFs abide by globally recognized ESG frameworks such as the United Nations Global Compact and Green Bond Principles of the International Capital Markets Association and their index methodologies apply rigorous ESG research by leading companies including MSCI, Sustainalytics and ISS. Mirae Asset is currently the largest ESG ETF issuer in Hong Kong in terms of both asset size and number of products.
The Global X China Clean Energy ETF invests in Chinese companies that are positioned to benefit from increased adoption of clean energy. It has delivered strong performance since its inception in 2020 and has won the Top Performing ETF Award of the HKEX for two years in a row in 2020 and 2021.
The Global X Hang Seng ESG ETF reduces the Index ESG Risk Rating by 20% and Index Carbon Intensity by 60% compared to its parent Hang Seng Index by applying a robust process of ESG integration and exclusionary screening. The ETF has been awarded the highest 5-star sustainability rating by Morningstar.
The Global X Bloomberg MSCI Asia Ex Japan Green Bond ETF is the world’s first ETF focusing on green bonds of the Asia Ex Japan region. The ETF’s index uses independent research performed by MSCI ESG Research to evaluate index-eligible green bonds and ensure they adhere to the Green Bond Principles. Green bonds are fixed income securities whose proceeds are exclusively and formally applied to projects or activities that promote climate or other environmental sustainability purposes.