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NewswireTODAY - /newswire/ -
Goyang-Si, Gyeonggi-Do, Korea (South), 2009/12/23 - Sustainability trends show shift form "responsible businesses to strategic sustainability ESG research evidence indicates strong financial out-performance by sustainable Korean companies.
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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 from the SolAbility website.
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.
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Agency / Source: SolAbility
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