Mirae Asset Daewoo makes DJSI list for 8th straight year

2019.09.18 13:30:46

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South Korea¡¯s leading brokerage house Mirae Asset Daewoo said Tuesday it was named to the Dow Jones Sustainability Index (DJSI) World List for the eighth straight year.

Created in 1999 by global index providers S&P Dow Jones Indices and RobecoSAM (Sustainable Asset Management), the DSJI tracks the stock performance of the world`s leading companies in terms of economic, environmental and social criteria. The index serves as a global benchmark for investors interested in sustainable investing and provides a platform for investors to encourage companies to improve their corporate sustainability practices.

DJSI World evaluates the financial, environmental and social influence of the world`s top 2,500 companies by market cap. DJSI Asia Pacific analyzes the region¡¯s 600 largest companies, and DJSI Korea the country¡¯s top 200 companies.

Mirae Asset Daewoo was one of 19 Korean origins in this year¡¯s DJSI World list. The list included 318 global names out of the total 2,526 companies.

The Korean firm said it was proud to have its efforts to improve corporate governance, human rights and the environment acknowledged by a globally renowned sustainability index and that it would continue to work on bolstering its company value and social responsibility.

Separately, Mirae Asset Daewoo Group announced last week that it acquired 15 hotels (6,912 rooms) in major cities in the U.S. by financing 7 trillion won ($5.88 billion) from group affiliates and banks. They include the JW Marriott Essex House in New York, and the Ritz-Carlton Half Moon Bay and Westin St. Francis Hotel in San Francisco.

The newly acquired hotels are considered quality assets, previously held by the world¡¯s largest private equity firm Blackstone and in 2016 by China¡¯s Anbang Insurance Group. Anbang started unloading its overseas assets this year amid financial difficulties. Mirae Asset Group ultimately clinched the deal, edging out rivals Blackstone and the Government of Singapore Investment.

By Park Jae-young and Kim Hyo-jin

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