Erdenes Mongol (EMGL) is a State-Owned Enterprise incorporated in 2007 with a mandate to manage strategic assets and projects on behalf of the Government of Mongolia. EMGL manages the key mining assets of the country, including Oyu Tolgoi and Tavan Tolgoi and is poised to become a strategic SWF that diversifies the wealth for the country and attracts foreign capital into it. Its balance sheet is estimated at US$ 4.1 billion.
Assets under Management (AuM):
Alternative Assets: 100%
“To improve the living standard and quality of life for all Mongolian citizens who are the stakeholders and shareholders of our company” (Strategic Fund)
28% (3/10 Governance, 4/10 Sustainability, 0/5 Resilience) in 2022 (first year of assessment).