IGIS Asset Management's Sustainable Progress in South Korea
Key Ideas
  • IGIS Asset Management in South Korea published its second annual sustainability report, showcasing advancements in environmental, social, and governance initiatives.
  • The report highlighted a significant increase in accurate greenhouse gas emissions data, with a data coverage rate of 80% for domestic real estate assets.
  • IGIS operates 185MW of renewable energy facilities, including 156,000MWh from solar and 50,000MWh from hydrogen fuel cells, emphasizing a commitment to green energy.
  • The company reinforced its dedication to sustainability by focusing on long-term value creation through ESG strategies, enhancing diversity efforts, and developing internal monitoring systems.
IGIS Asset Management, South Korea's largest real estate asset management firm, recently released its second annual sustainability report. The report underlines the company's progress in environmental, social, and governance initiatives, emphasizing transparent communication with stakeholders. A notable achievement was the improved accuracy of greenhouse gas emissions data, reaching an 80% data coverage rate for domestic real estate assets. This enabled precise disclosure of Scope 3 emissions, verified by Lloyd’s Register. Additionally, 43% of the company's domestic real estate portfolio holds green certifications like LEED and G-SEED, with 51% of tenants under green lease agreements. IGIS excelled in sustainability benchmarks, with all participating assets earning a five-star rating and Autoway Tower leading in Asia's office sector. The firm operates 185MW of renewable energy facilities, generating substantial electricity from solar and hydrogen fuel cells. Furthermore, IGIS conducted human rights risk assessments and increased diversity efforts, with women accounting for 38% of new hires. The CEO emphasized a focus on ESG as a long-term value creation strategy, aiming to strengthen sustainability through enhanced internal monitoring systems.
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