| Title |
Case Study on ESG Activities and Performance in Response to the Climate Change Crisis |
| Authors |
Lee, Yoonsun ; Moon, Hyuk ; Lee, Tai Sik |
| DOI |
https://dx.doi.org/10.6106/KJCEM.2021.22.2.106 |
| Keywords |
Environmental; Social; Governance; ESG Disclosure; Sustainable Development Goals; Green Financing; Net Zero |
| Abstract |
Global governments and initiatives have attempted and integrated various organizational efforts to implement the 17 Sustainable Development Goals (SDGs), presenting a new paradigm of sustainable development to address global issues (climate change, poverty eradication, and human rights). Recently, investment in sustainable finance has expanded to finance the attainment of goals set out in the Paris Agreement and SDGs. Non-financial factors such as environment, social responsibility, and governance (ESG) have become intangible assets that determine the future competitiveness and profitability of companies. Domestic and foreign institutional investors and asset management companies have been expanding their investments based on the ESG performance of companies. In this study, we aim to derive international standards and initiatives that require disclosure of information on corporate social responsibility activities and ESG performance and analyze construction companies' ESG activities and performance levels. The results of this study can be used as the basis to develop platforms for the construction industry ESG ecosystem and the measurement and management of intangible assets. These could ultimately contribute to overcoming the crisis in the future due to the outbreak of the COVID-19 pandemic, fostering net-zero emissions, and preventing fatal workplace accidents in the construction industry. |