Sustainable Investment Policy
Sustainable Investment Policy
1. Introduction
- Kookmin University has established an investment policy in compliance with the laws and regulations of the Korean government. The financial viability of a university means the evaluation of the university's existence and development on a financial basis, and this information is used for lending decisions by financial institutions, financial support decisions by the Korean Ministry of Education, donation decisions by outsiders, and financial evaluation by university evaluation agencies. Therefore, Kookmin University has aligned its investment policy with environmental, social, and governance (ESG) to maintain and sustain its financial viability.
2. Sustainable Investment Goals
- Kookmin University shall incorporate environmental, social, and governance factors into its investment decision-making process when making investments, and aims to invest in companies, projects, and issues that are committed to sustainable development.
3. Responsibilities
- All members of Kookmin University (faculty, students, researchers, staff, etc.) are subject to the Sustainable Investment Policy and are responsible for fulfilling its objectives.
4.Kookmin University Accounting Rules and Accounting Information
a. Budget
- The university shall organize all income and expenditures into budget items. The university should be able to forecast the overall scale of expenditures and income by totaling the income budget and expenditure budget.
b. Revenue and Expenditure
- The president of the university shall be the ordering authority for the university's revenues and expenditures. The head of the institution shall be responsible for all revenues and expenditures of the university, and such authority may be delegated to individual employees by regulation.
C. Management of Funds
- Kookmin University manages its funds in accordance with the Financial Accounting Rules of the Ministry of Education. In addition, the basic principles and main contents of asset management of endowment funds raised for the purpose of investing in securities are managed in accordance with the Guidelines for Investment Management of Private University Endowment Funds.
Category | Management | Regulation |
Funds | Deposits with financial companies | Article 7 of the Financial accounting Rules for Private Institutions |
Reserves (Funds) | Securities can be acquired at 50% limit | Article 22.2 of the Financial accounting Rules for Private Institutions |
D. Contracts
- Kookmin University stipulates that contract procedures shall be conducted in accordance with the Financial Accounting Rules for Private Institutions designated by the Korean government and the Ministry of Education and in compliance with the Act on Contracts involving the Government as a Party.
5. Policy Direction
- Kookmin University requires its employees, students, partners and suppliers to :
a. Invest in funds, companies, and projects that contribute to the resolution of social issues such as climate change, carbon reduction, and social inequality.
b. have a diversified asset mix (e.g., asset class, sector, geography, etc.) to effectively manage risk and aim for sustainable investments.
c. Invest in companies that are aligned with the University's educational and research objectives.
d. Establish a committee of experts within the University to develop a sustainable investment policy, benchmark the system of excellent universities, and monitor the above policy on a regular basis.
Effective date
These Regulations shall come into force on March 1, 2023.
[Related Site]
The National laws site :