Kiwoom Asset Management announced on the 7th that it has integrated its dedicated ESG (environmental, social, and governance) risk management department under the Risk Management Headquarters to strengthen ESG risk management.
Kiwoom Asset Management also explained that it signed data agreements with Standard & Poor's (S&P) Global and Climate Analytics to establish a system for analyzing the impact of climate risk on finances.
Kiwoom Asset Management established its dedicated ESG department in 2021 and is currently operating an ESG evaluation system. It has also recently built a system for monitoring fund ESG performance.
Kim Ki-hyun, CEO of Kiwoom Asset Management, noted, "Kiwoom Asset Management is establishing a prominent ESG risk management system among domestic asset management firms and plans to apply it to the institutional sector of alternative investments in the long term."