Version 1
: Received: 2 January 2024 / Approved: 3 January 2024 / Online: 3 January 2024 (10:05:10 CET)
How to cite:
Park, D.S.; Lee, T.; Kim, H.K.; Kim, S.S. Implementation of Environment, Social, and Governance (ESG): Case of Korean Global Firms. Preprints2024, 2024010135. https://doi.org/10.20944/preprints202401.0135.v1
Park, D.S.; Lee, T.; Kim, H.K.; Kim, S.S. Implementation of Environment, Social, and Governance (ESG): Case of Korean Global Firms. Preprints 2024, 2024010135. https://doi.org/10.20944/preprints202401.0135.v1
Park, D.S.; Lee, T.; Kim, H.K.; Kim, S.S. Implementation of Environment, Social, and Governance (ESG): Case of Korean Global Firms. Preprints2024, 2024010135. https://doi.org/10.20944/preprints202401.0135.v1
APA Style
Park, D.S., Lee, T., Kim, H.K., & Kim, S.S. (2024). Implementation of Environment, Social, and Governance (ESG): Case of Korean Global Firms. Preprints. https://doi.org/10.20944/preprints202401.0135.v1
Chicago/Turabian Style
Park, D.S., Hee Kyung Kim and Shawn Seung-Chul Kim. 2024 "Implementation of Environment, Social, and Governance (ESG): Case of Korean Global Firms" Preprints. https://doi.org/10.20944/preprints202401.0135.v1
Abstract
Increasingly, firms are expected to implement ESG (Environment, Social, and Governance) mandates to appeal to the global market. However, this requires overcoming practical challenges and capitalizing on emerging opportunities. This paper conducts an in-depth analysis of the ESG practices of leading Korean global firms. The study selects five firms for case studies representing industries such as electronics, automotive, steelmaking, and chemicals. It examines ESG reports, performance indicators, and corporate disclosures of these firms. The analysis reveals the adoption of industry-specific ESG strategies, highlighting how these firms tailor their approaches to address unique industry challenges while aligning with global sustainability trends. Key findings include a strong emphasis on innovative solutions to ESG challenges, the integration of ESG into core business operations, and a balanced approach to economic, social, and environmental responsibilities. This study contributes to a broader understanding of how ESG practices are implemented in various industrial contexts, particularly in the dynamic and evolving landscape of Korean global businesses. It offers valuable insights and benchmarks for global companies, underlining the importance of contextualized and industry-specific ESG strategies in achieving sustainable and ethical business practices
Keywords
ESG Integration; Korean Multinationals; Sustainability’ Industry-Specific Strategies; Corporate Governance
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
