Introducing ESG Markets
- Jibeen Kim

- Jul 25, 2024
- 2 min read
ESG management, which is the abbreviation for Environmental, Social, and Governance, is a management approach that pursues sustainability.
As global warming and environmental problems have worsened recently, ESG management is drawing keen attention. This approach is crucial for enhancing corporate sustainability and fulfilling social responsibility, focusing on the themes of environment, society, and governance.
First of all, in the environmental sector, companies aim to minimize damage to the environment by using eco-friendly resources. Goals include reducing carbon emissions, releasing energy-efficient products, and using resources necessary for management as efficiently as possible to prevent contamination of the earth. Companies also invest in sustainable practices, such as renewable energy sources and waste reduction, to ensure their operations are as environmentally friendly as possible.
Next, in the social sector, companies fulfill their social responsibilities and foster positive relationships with stakeholders, including customers, employees, and local communities. For example, in order to protect labor rights, companies promote the welfare of employees and strive for fair treatment to provide a safe working environment. Additionally, they embrace those who are capable without discrimination based on race, gender, or background. This inclusive approach not only benefits employees but also leads management in a direction that is beneficial to the community. Furthermore, companies prioritize making their products safe and high-quality for their customers, thereby building trust and loyalty.
Lastly, in the governance sector, ESG companies strive to ensure the transparency and ethics of their management. They maintain transparency in the decision-making process and encourage the participation of stakeholders when making important decisions. This approach helps prevent corruption within companies and strengthens internal control systems. Good governance practices also involve regular audits, clear reporting standards, and accountability measures to ensure that all actions align with ethical standards and stakeholder expectations.
ESG management is a comprehensive approach that pursues corporate sustainability and economic success simultaneously, going beyond mere ethical choices. The consumption of products managed under ESG principles can promote global health and human development from a long-term perspective. By supporting ESG practices, consumers and businesses contribute to a more sustainable and equitable world, addressing pressing global challenges and securing a better future for generations to come.





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