The purpose of this study is to suggest and propose strategies for successful introduction and activation of ESG (environment, society, governance) of domestic social enterprises.
ESG management is the fastest-spreading management trend in modern soci...
The purpose of this study is to suggest and propose strategies for successful introduction and activation of ESG (environment, society, governance) of domestic social enterprises.
ESG management is the fastest-spreading management trend in modern society.
The social enterprise of the Republic of Korea, which is based on the corporate philosophy of creating social value, is also in an environment where it must be accepted sequentially,
It's at a critical time to be on board the international flow.
However, despite the fact that social enterprises in Korea have many positive potential factors for the successful introduction of ESG management, there are many factors to be solved such as lack of knowledge, financial pressure, and lack of human resources to actively introduce ESG management. It is also true.In this study, a literature review approach was adopted to propose the current status, tasks, and activation plan of ESG management of social enterprises.The purpose of this study is to examine the definition and characteristics of social enterprises,
In addition, the concept and importance of ESG management are examined, and the global situation of ESG management and the movement of introducing ESG management in Korea are also examined.According to the results of the study, ESG management has the advantage of having a positive impact on the operation of social enterprises in Korea, such as strengthening the sustainability of business operations, enhancing external corporate image and trust, and improving governance relations linked to business and community.
However, in order to implement this, the pressure of cash liquidity due to financing, the lack of expertise to implement and actively implement ESG, the lack of manpower to operate, and the lack of internal capacity to concentrate resources on running a company right now remain as homework for domestic social enterprises to solve.
In order to solve these problems and to introduce successful ESG management by domestic social enterprises, the following solutions were presented.
Policy support: Direct and indirect government financial support, tax benefits, etc.
Management strategy: Establish a separate ESG performance management system linked to SVI indicators
Education and awareness: Continuous internal and external training for the successful introduction of ESG.
Partnership and Collaboration: Establish a collaborative system and partnership system with organizations that can take strategic advantages in areas where social enterprises are lacking, such as related organizations, quasi-government agencies, and NGO organizations.
This study concludes with suggesting the need for external internal efforts to enable domestic social enterprises to introduce ESG successfully, sustainably and progressively, rather than as a one-off event.
It also suggested the need for research that social enterprises should continue to study the successful introduction of ESG management and the synergy that will be achieved through it, and should be discussed politically.