The latest developments in the ESG space.
Hywin, the Chinese wealth manager which is listed on the Nasdaq exchange in the US, has published its first sustainability report. It recounts the firm’s progress on this front over the past 17 years.
The 32-page report examines spaces such as corporate governance; compliance standards; sustainable growth; talent strategy; client involvement, and corporate citizenship.
“Our strategy-making, corporate governance, risk management and compliance are benchmarked against global best practices and underpin our competitiveness and resilience,” Madame Wang Dian, chief executive of Hywin Holdings, said. “Hywin aspires to uphold and practise ESG in everything we do and build a world-class company that creates value for stakeholders, gives back to the community, and becomes a champion of sustainability in China and the world.”
To take one of the report’s sections – corporate governance – Hywin said that half (50 per cent) of its directors are women and audit committee members who have an average tenure of 2.9 years.
Switching to the talent management area, the firm said that men account for 34.3 per cent of all staff, and 6.14 per cent of front-office management, with women at 8.98 per cent. Among general employees, the male/female split is 54.5 per cent/30.36 per cent respectively. On the middle-office management positions side, the male/female split is 3.25 per cent and 2.17 per cent, respectively. Among general employees, the mid-office male/female split is 69.2 per cent and 25.39 per cent, respectively.