Citation
(2013), "Corporate Sustainability Korea 2013", Management of Environmental Quality, Vol. 24 No. 6. https://doi.org/10.1108/meq.2013.08324faa.013
Publisher
:Emerald Group Publishing Limited
Copyright © 2013, Emerald Group Publishing Limited
Corporate Sustainability Korea 2013
Corporate Sustainability Korea 2013
Article Type: News from the net From: Management of Environmental Quality: An International Journal, Volume 24, Issue 6.
The results of the 6th Annual Korean ESG review show that management awareness for sustainability management has been further increasing, accelerated strongly since the financial crises of 2008/2009. However, certain areas remain challenging, with little improvement made over recent years. The year 2012 has seen a development towards integration of sustainability considerations in strategic business decision making in Korea, with many companies exploring sustainable and/or “green” business growth opportunities.
But despite significant efforts and public campaigns, Korea's energy intensity remains significantly above OECD averages. The report looks at the corporate response and the wider challenges for the nation that depends on imports for 97 percent of its energy needs.
The analysis of the financial performance also shows that sustainable management capabilities continue to return better financial results. Shares of sustainable companies also yield higher returns: the SolA50, an index of Koreas 50 most sustainable companies, continues to outperform the market and SRI benchmarks for a fifth consecutive year by considerable margins.
Details of the report can be seen at: www.solability.com/pdfs/ESG%20Korea_2013.pdf