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http://dx.doi.org/10.7464/ksct.2022.28.2.193

Research Trend on ESG Management of Corporation  

Byun, Youngjo (Department of Industry University Convergence, Hanbat National University)
Woo, Seung Han (Department of Chemical and Biological Engineering, Hanbat National University)
Publication Information
Clean Technology / v.28, no.2, 2022 , pp. 193-200 More about this Journal
Abstract
The term environmental, social and governance (ESG) was first used in the 2003 United Nations Environmental Programme Finance Initiative (UNEP FI). Among the three areas of ESG, environment refers to the impact of companies on the environment. Environmental factors address climate change policies and attempts to reduce emissions, waste and natural resource consumption. Social factors refer to the direction in which a company can improve the social impact of stakeholder includes employees, customers, communities, and governments involved in direct or indirect interaction with the organization itself and the company. Governance factors refer to stakeholders who make major decisions, the composition of the board of directors, their diversity and independence, and the internal policies that set limits and expectations for decision-making. Research related to ESG management is part of corporate social responsibility, sustainability, corporate or financial performance, and social responsibility investment. Through case studies and data-based empirical studies, it was confirmed that ESG management companies had positive results for most of the ESG related fields. Through literature analysis of domestic and international ESG history, introduction background, and management performance, this paper presents theoretical, practical implications by confirming that ESG's introduction and operation strategies are strong competitive strategies that directly affect corporate growth by creating attractive factors.
Keywords
Environmental; Social; Governance; Sustainability; Corporate performance;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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