IT IS A CONCEPT THAT STARTED FROM THE FAMILIAR ¡®SUSTAINABLE DEVELOPMENT¡¯.
¡®SUSTAINABLE DEVELOPMENT¡¯ TO MEET THE DEMANDS OF THE PRESENT ERA WHILE CONSIDERING THE SHARE OF FUTURE GENERATIONS
IN THE ENVIRONMENT, SOCIETY, AND GOVERNANCE STRUCTURE, THE CORE VALUES THAT DIRECTLY AFFECT THE SUSTAINABLE SURVIVAL AND GROWTH OF THE COMPANY
IT IS ESG THAT CAME TO BE SAID COLLECTIVELY.
CORPORATE SOCIAL RESPONSIBILITY (SUSTAINABLE MANAGEMENT, CORPORATE CITIZENSHIP, RESPONSIBLE MANAGEMENT, SOCIALLY RESPONSIBLE MANAGEMENT)
FORMING THE QUALITY OF HUMAN LIFE IN CONSIDERATION OF THE LIMITS ALLOWED BY NATURE SUSTAINBILITY IS IMPROVING THE QUALITY OF HUMAN LIFE WHILE LIVING WITHIN THE CARRYING CAPACITY OF SUPPORTING ECO-SYSTEMS (1991, UNEP, CARING FOR THE EARTH: A STRATEGY FOR SUSTAINABLE LIVING)
WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR NEEDS EVOLUTION TO MEET NEEDS MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS (1987, WCED, OUR COMMON FUTURE)
BASED ON THE ECONOMIC, SOCIAL AND ENVIRONMENTAL RESPONSIBILITY OF THE ORGANIZATION A MANAGEMENT PARADIGM THAT PURSUES SUSTAINABLE DEVELOPMENT SUSTAINABILITY MANAGEMENT IS A MORE FUNDAMENTAL CONCEPT OF ESG, TODAY, ESG HAS EVOLVED AS SUSTAINABILITY MANAGEMENT AND SOCIAL RESPONSIBILITY (CSR) ARE EVOLVING. IT CAN BE SEEN AS STANDARDIZED AND INSTITUTIONALIZED. OVER TIME, EXPECTATIONS OF CORPORATE-SOCIETY RELATIONSHIPS AND CORPORATE RESPONSIBILITY AS IT HAS CHANGED, ESG CAN BE FURTHER IMPROVED THROUGH UNDERSTANDING OF THE CONCEPT OF SUSTAINABLE MANAGEMENT. EASILY ACCEPTABLE.
TODAY'S CORPORATE STAKEHOLDERS ARE MORE FOCUSED ON ENHANCING SOCIAL VALUES THAN EVER BEFORE. I HAVE MANY NEEDS. CONSUMERS ARE CONCERNED ABOUT THE COMPANY'S SOCIAL RESPONSIBILITY. EVEN IF THE PRICE IS SLIGHTLY HIGHER THAN THAT OF A CHEAP PRODUCT, WE ACTIVELY FULFILL OUR SOCIAL RESPONSIBILITY I PREFER PRODUCTS FROM COMPANIES THAT DO IT.
ACCORDING TO A SURVEY BY THE KOREA CHAMBER OF COMMERCE IN 2021, MORE THAN 60% OF CONSUMERS PURCHASE PRODUCTS THEY ANSWERED THAT THEY WOULD CONSIDER ESG ACTIVITIES. NEGATIVE ESG ACTIVITY THE PERCENTAGE OF RESPONDENTS WHO SAID THEY HAD NEVER INTENTIONALLY PURCHASED A COMPANY'S PRODUCT CLOSE TO 70%.
ESG MANAGEMENT BEGINS IN RESPONSE TO ESG-RELATED REGULATIONS AND IN CORPORATE INVESTMENT OR FINANCING. IN ADDITION TO REVIEWING ESG-RELATED IMPACTS, HOW EACH COMPANY¡¯S PRODUCTS AND SERVICES AFFECT SOCIETY IN THE ENTIRE PROCESS FROM USE TO POST-PROCESSING THE IMPACT SHOULD BE REVIEWED.
ESG MANAGEMENT IS DIFFERENT FROM THE EXISTING CORPORATE MANAGEMENT METHOD THAT ONLY PURSUES THE MAXIMIZATION OF FINANCIAL PROFITS. IN OTHER WORDS, THE ULTIMATE ESG MANAGEMENT ENTITY IS THE ¡®COMPANY¡¯. THROUGH ESG MANAGEMENT, COMPANIES CAN MAXIMIZE SALES, MANAGE RISKS, AND REDUCE FINANCIAL COSTS. IT CAN ENHANCE CORPORATE VALUE.