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Mirae Asset Global Investments joins PCAF

Mirae Asset Global Investments has joined the Partnership for Carbon Accounting Financials (PCAF).



Mirae Asset Global Investments announced on March 23 that it joined the Partnership for Carbon Accounting Financials (PCAF), an initiative to measure the carbon emissions of global financial institutions.

In accordance with the PCAF principles, Mirae Asset Global Investments will measure and disclose the carbon emissions of investment financial assets within three years, and the PCAF will provide data and methodologies to measure emissions.

The PCAF is the only global initiative specializing in measuring the emissions of financial assets. Currently, approximately 230 financial firms participate in the PCAF. Many of them are found in developed countries like Europe, USA and Japan. It provides and supports methods for calculating carbon emissions by asset class such as loans, mortgages and real estate as well as stocks and bonds. Through the activities of the PCAF, financial affiliates will be able to systematically measure the carbon emissions of financial assets, which can serve as the basis for developing a net zero plan or meeting criteria for initiatives that disclose information related to climate change.

Mirae Asset Global Investments has established its own ESG investment strategy since the establishment of the Responsible Investment Strategy Center and ESG Strategy Headquarters under the Center at the end of 2021.


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