Korea: Sustainability Trend Survey and ESG evidence
Submitted by SolAbility
In autumn 2009, SolAbility conducted a corporate sustainability survey amongst professionals in Korean corporations. The results of the survey and evidence form SolAbility's ESG research work have now been published in a report. The full report is available as PDF download here.
Highlights of the survey include:
187 respondents form a variety of business backgrounds
More than 55% of respondents say their organization has implemented sustainability activities
Initial sustainability activities were focused on "social responsibility" activities (ethical management, social activities), rather than strategic considerations
However, the view on sustainability has been changing significantly and rapidly over the last 2 years.
65% of respondents indicate that sustainability has become more important at their respective company since the outbreak of the global financial & economic crisis
97.8% of respondents expect that their company will have fully implemented sustainability management by 2014
ESG Research highlights
Sustainable companies significantly outperform the less sustainable companies in terms of financial performance, both long- and short term: A portfolio of the 0 most sustainable Korean companies has outperformed the stock index (KOSPI) by more than 200% since 2002, 18% in 2009
Increase in sustainability activities amongst Korean corporations have been observed over recent years
The push for integrating sustainability has gained significant monumentum with the recent financial and economic crisis
SolAbility is a Korean-Swiss joint-venture based in Korea, providing ESG research to institutional clients and sustainability services to corporate clients www.solability.com firstname.lastname@example.org Tel. +82 31 811 3578