Mastern Investment Management is strengthening its ESG (environmental, social and governance) management drive by launching a dedicated unit to systematically advance its social contribution activities.
Mastern Investment Management said on the 23rd that it held a launch ceremony for the Social Contribution Promotion Unit at its headquarters in Seocho-gu, Seoul, and began full-fledged activities. The event was attended by key executives and employees, including Chief Executive Park Hyeong-seok, who will lead the unit.
With the launch of this organization, Mastern Investment Management plans to institutionalize social contribution as a companywide strategic framework beyond its previous individual activities. In particular, reflecting the characteristics of the real estate asset management industry, it will focus on creating social value linked to cities and local communities.
At the launch ceremony, CEO Park Hyeong-seok said, "Real estate asset managers are an industry that affects cities, local communities and, further, the environment of future generations beyond asset management," and emphasized, "Social contribution must also take root as a sustainable responsibility tied to the core business."
Going forward, the unit plans to focus its activities on four directions: ▲ creating social value by utilizing space ▲ improving housing access for young people ▲ fostering future talent ▲ giving back to society based on expertise.
Deputy head Park Se-il of the Social Contribution Promotion Unit said, "Because asset managers have a public character in managing individuals' retirement funds, they must spread positive impact across the entire industrial ecosystem beyond investor protection," and added, "We will internalize social contribution as a companywide strategy."
As the execution body, the Good Influence Practice Center was newly established. The center will be responsible for planning and operating social contribution programs and will gradually expand concrete initiatives such as special lectures for university societies related to real estate finance and housing support for young people and vulnerable groups.
Center head Kim Min-seok said, "Based on the expertise accumulated in the real estate and alternative investment fields, we will pursue programs that create tangible social value."
Mastern Investment Management aims to use the launch of the unit to embed social contribution as a corporate culture rather than a short-term event and to help build a virtuous cycle across the real estate finance ecosystem.