Mirae Asset Securities Co Ltd

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	Mirae Asset Securities discloses climate-policy lobbying with a high degree of specificity and breadth. It names numerous concrete measures it has engaged on, including the Korean "emissions trading scheme (ETS)", the "Intergovernmental GHG emission reduction project" established under the Paris Agreement’s Article 6.4 mechanism, proposed amendments to "3rd and direct PPA guidelines and related laws and regulation", revisions to the Environmental Technology and Environmental Industry Support Act that would mandate environmental disclosure, and renewable-energy provisions in the Electricity Business Act, among others. The company is equally explicit about how and where it seeks to influence these rules, citing direct participation in “The Policy debate for Renewable Energy,” written submissions and consultations with the Ministry of Environment, the Ministry of Trade, Industry and Energy, the Ministry of Knowledge Economy, Korea Electric Power Corporation, the Korea Institute of Environmental Technology, and the Financial Services Commission, as well as on-site investigations and opinion gathering led by the Financial Supervisory Service. It also describes the purpose of each intervention: facilitating financial-sector access to the carbon-credit market and expanding it to derivatives trading by 2025, improving the PPA market to “achieve RE100,” removing double network-usage fees, developing sustainable-finance standards for the investment industry, and supporting Korea’s nationally determined contribution of a 43 % emissions reduction by 2030—positions it characterises as “Support with no exceptions” and aligned with the Paris Agreement. Together these disclosures provide clear visibility into the specific policies, lobbying channels and concrete outcomes the company seeks, demonstrating comprehensive transparency on its climate-related lobbying activity.	4

Lobbying Governance

Overall Assessment	Comment	Score
Limited	Mirae Asset Securities discloses that it "is proactively confronting global climate change issues led by a four-level governance system: ESG Committee under the Board Committee, Executive Committee, Working Committee, and ESG Implementation Team," with the ESG Committee charged to "oversee and monitor overall ESG policies, strategies and medium/long-term target settings with respect to climate, social and governance matters across the company." The company further states it has "a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement." While this signals high-level oversight and an explicit commitment to align its engagement activities with the Paris Agreement, the disclosure does not spell out any concrete procedures for monitoring or reviewing lobbying positions, does not mention how direct or trade-association lobbying is assessed for climate alignment, and does not identify a specific individual responsible for such reviews; therefore, only limited evidence of a lobbying-governance process is provided.	1