Influence of Institutional Investors: Institutional investors increasingly prioritize ESG factors in their investment decisions, advocating for companies to adopt sustainable practices. Their collective influence drives companies to improve their ESG…
Green New Deal Initiative: In response to climate change, South Korea launched the Green New Deal, part of its broader New Deal framework, aimed at transitioning to a sustainable economy.…
Inclusion in Governance Criteria: Digital ethics and data privacy are increasingly recognized under the Governance criteria of ESG. Companies are expected to establish policies and practices that safeguard consumer data…
Challenges: Resource Constraints: SMEs often face limited financial and human resources to implement ESG practices, making it difficult to invest in sustainability initiatives or compliance measures. Lack of Expertise: Many…
Regulatory Frameworks: The South Korean government has established regulations encouraging sustainable supply chain practices. For instance, the Korean Ministry of Environment promotes the Resource Circulation Policy, which emphasizes reducing waste…
