Aegis Asset Management Consecutively Achieves Top Global ESG Ratings

Aegis Asset Management is significantly increasing the number of funds receiving the highest ratings in global ESG (Environmental, Social, and Governance) evaluations. These funds, which invest in prime office buildings in Seoul, are being recognized for their urban carbon reduction achievements.

According to the financial investment industry, the fund managing Autoway Tower (Daechi-dong, Gangnam-gu, Seoul) by Aegis Asset Management has received the highest rating of ‘5 Star’ for six consecutive years in the GRESB evaluation, an international ESG assessment organization.

GRESB is an international organization that annually evaluates and publishes the sustainability of real assets such as real estate and infrastructure. In 2022, over 1,800 entities including real estate leasing companies, REITs, funds, and developers participated, providing ESG information on assets totaling $6.9 trillion.

Aegis Asset Management has been receiving annual GRESB evaluations for the fund with Autoway Tower as the underlying asset since 2017. In this year’s sustainability assessment, it scored 94 points out of 100, matching last year’s record high score. This score significantly exceeds the average score of 75 for GRESB evaluation targets, maintaining the highest rating for six consecutive years.

Additionally, besides the Autoway Tower fund, Aegis Asset Management’s funds containing Twin Tree Tower (Jung-hak-dong, Jongno-gu, Seoul), Signature Tower (Supyo-dong, Jung-gu, Seoul), and Center Field (Yeoksam-dong, Gangnam-gu, Seoul) each received the GRESB 5 Star rating for the first time this year.

Notably, the Signature Tower fund scored 95 points, ranking first in the ‘East Asia Unlisted Mixed-use’ category.

Aegis Asset Management operates its funds with goals to reduce energy and water usage as well as greenhouse gas emissions of its assets. It continuously introduces various eco-friendly facilities and technologies and monitors environmental performance.

An Aegis Asset Management representative stated, “Sustainability is a new standard in the global investment environment and a challenge that companies must continuously consider as members of society. We will continue to expand GRESB evaluations and broaden the scope of ESG practices.”