Mastern Investment Management Joins Building Lights-Off Campaign for Fourth Consecutive Year

Mastern Investment Management, an asset management company specializing in alternative investments, will participate for the fourth consecutive year in the 22nd Energy Day event to address climate change and practice ESG management.

On August 22, starting at 9:00 p.m. for five minutes, Mastern Investment Management will turn off both interior and exterior lights at major managed properties in Seoul and the metropolitan area, including the Concordian Building. This action expresses the company's commitment to energy-saving efforts across its real estate portfolio.

Energy Day is an event hosted by the Energy Citizen Solidarity, the largest energy-focused NGO network in Korea, and is supported by the Ministry of Trade, Industry and Energy, the Ministry of Environment, and the Seoul Metropolitan Government, among others. It has been held annually on August 22 since 2004 to commemorate the day when Korea’s electricity consumption reached an all-time high.

Last year, during the 21st Energy Day, around 1.7 million citizens nationwide participated, saving 540,000 kWh of electricity and reducing CO₂ emissions by 245 tons. Public interest and participation continue to grow. As extreme climate changes, such as the most intense rainfall in 200 years and severe heatwaves caused by global warming, become a reality, the need for the real estate asset management industry to respond to the climate crisis is more urgent than ever.

Mastern Investment Management recognizes that active corporate participation is essential for addressing climate change and realizing a sustainable future. The company plans to further strengthen its ESG-integrated management system across its entire portfolio and play a leading role in creating an eco-friendly asset management ecosystem.

Namgoong Hoon, CEO of Mastern Investment Management, stated, "The climate crisis has emerged as a key issue for systematic risk management and portfolio value preservation in the real estate asset management industry," adding, "Mastern Investment Management will continue to pursue both stable investment returns and environmental and social value."

Mastern Investment Management has actively participated in the global nature conservation campaign Earth Hour by the World Wide Fund for Nature (WWF), and has conducted environmental clean-up and ecological exploration activities around the Tancheon Stream near its managed assets. The company is also actively engaged in practical ESG activities at the asset level, such as running a used mobile phone donation campaign with tenant company employees in its managed offices.