Mirae Asset Daewoo awarded for sustainable biz practice
Mirae Asset Daewoo managing director Jeon Kyung-nam, left, receives a plaque from Dow Jones Sustainability Indices Asia-Pacific head Robin Lo at the Shilla Seoul, Tuesday. / Courtesy of Mirae Asset Daewoo
By Park Jae-hyuk
Mirae Asset Daewoo received an award at the Shilla Seoul, Tuesday, as it has been included in the Dow Jones Sustainability Indices (DJSI) World Index for eighth straight year, the securities firm said Sunday.
Created in 1999 jointly by S&P Dow Jones and RobecoSAM, the DJSI selects the most sustainable companies from across 61 industries every year.
Among the world's 2,500 largest companies in terms of market capitalization, only the top 10 percent of them satisfying economic, environmental and social criteria can be included in the DJSI World Index.
The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for investors who wish to encourage companies to improve their corporate sustainability practices.
For this year's review, 2,526 listed companies from around the world were reviewed.
Mirae Asset Daewoo was one of the 318 firms included in the world index.
The number of Korean firms on the index was 19.
“It is an honor that we were recognized by a globally renowned institution for our efforts for sustainable business practice,” a Mirae Asset Daewoo official said. “Since we have been included in the indices for eighth consecutive years, we will continue to boost efforts for corporate responsibility that help our enterprise value.”