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2 GIN Conference, 2006 Theoretical Perspectives Stakeholder theory emphasizes the relationship and dialogue/ communication with groups with a stake in the firm, ultimately integrating them into managerial decision-making (Emshoff and Freeman, 1978). Corporate accountability theory requires the integrity and transparency from firm’s stakeholder. Therefore, corporate sustainability report should be issued on the basis of the verification by internal or external body to enhance understanding or awareness of its stakeholders.
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1GIN 2006 13th International Conference
State of the Arts on Sustainability ReportState of the Arts on Sustainability ReportA Case of Korean Business CirclesA Case of Korean Business Circles
06 ndash 07- 03
Yoon-Gih Ahn amp Yoon-Jung Chin
POSRI Senior Researcher amp Erasmus University PhD Candidate POSRI Associate Researcher
ⅠⅠ Introduction IntroductionⅡⅡ Theoretical Perspective and Applied Method Theoretical Perspective and Applied MethodⅢⅢ Case Study including findings and discussions Case Study including findings and discussionsⅣⅣ Conclusion Conclusion
2
GIN Conference 2006
Corporate Sustainability Management as a New Paradigm for Business Circles1
IntroductionIntroduction
In line with growing importance of stakeholders in business circles Communication as one of key tools for transparency
2
Therefore the paper examine two folds one is to identify state of the arts of sustainability report in Korean business circles the other is to compare state of the art of sustainability report of three Korean companies and that of three global leading companies in the same industry
3
3
GIN Conference 2006
Theoretical PerspectivesTheoretical Perspectives
Stakeholder theory emphasizes the relationship and dialogue communication with groups with a stake in the firm ultimately integrating them into managerial decision-making (Emshoff and Freeman 1978)
Corporate accountability theory requires the integrity and transparency from firmrsquos stakeholder Therefore corporate sustainability report should be issued on the basis of the verification by internal or external body to enhance understanding or awareness of its stakeholders
4
GIN Conference 2006
Applied MethodsApplied Methods
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
④
③
②
5Applied MethodsApplied Methods
lan o heck
Check the Results
Implement a Soluti on
DefineGather DataAnalyze ct
LearningStandardize
Source Revised on the basis of wwwdartmouthedu
6
GIN Conference 2006
Applied MethodsApplied MethodsCorporate Activities from the point of Triple Bottom Lines views
Plan
Stakeholder Analysis bullIdentification of Core Stakeholders of Companies
Business Principles bullReflection of Laws Regulations and Standards etc of External and Internal Society
Mgt Philosophy bullReflection of the concept of sustainability for continuous growth and its characteristics
Objectives bullObjectives and Targets of Corporate Level
Measures bullIndicators for diagnosing the progress of Objectives and Targets
Do
Awareness bullActivities for enhancing awareness of internal and external persons eg PR Training Departments
Organization bullOrganization being in charge of Sustainability Issues
Implementation bullActivities by Value Chain (RampD Purchase Manufacture Marketing
Check
Self-diagnosis bullWhether company itself diagnose or not and temporally or regularly
Third Party Verification
bullVerification of Management Systems like ISO 9000 ISO 14001 OHSAS 18000 SA 8000 etc and Environmental Social and Sustainability Report
bullResults of Rating Institutes like SAM FTSE ISVA etc
ActBoard of Director bullWhether the review or not and temporally or regularly
Management Review bullWhether the review or not and temporally or regularly
Consistency bullLinkage of PDCA loop
7
GIN Conference 2006
Case StudyCase Study
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
②
③
④
EE44
DDBB
FF33
GG22
AACC22
Note The number means no of firms
8
GIN Conference 2006
Case StudyCase Study
Raw Material(iron ore energy etc)
Customer Oriented Industry
(electronicsfood amp drinking)
Manufactures(Automotive)
Logistics
Public Service
Financial Service
(Energy amp Water UtilitiesReal Estates)
(InsuranceBank)
9
GIN Conference 2006
Case StudyCase Study
In Plan stage the importance and the analysis of stakeholders were identified more clearly and accurately in the global leading companies than Korean companies
In Do Stage organizational charts of global companies for sustainability management were more comprehensive and systematic than those of Korean companies
In the framework of strategic management perspectives the structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
2
GIN Conference 2006
Corporate Sustainability Management as a New Paradigm for Business Circles1
IntroductionIntroduction
In line with growing importance of stakeholders in business circles Communication as one of key tools for transparency
2
Therefore the paper examine two folds one is to identify state of the arts of sustainability report in Korean business circles the other is to compare state of the art of sustainability report of three Korean companies and that of three global leading companies in the same industry
3
3
GIN Conference 2006
Theoretical PerspectivesTheoretical Perspectives
Stakeholder theory emphasizes the relationship and dialogue communication with groups with a stake in the firm ultimately integrating them into managerial decision-making (Emshoff and Freeman 1978)
Corporate accountability theory requires the integrity and transparency from firmrsquos stakeholder Therefore corporate sustainability report should be issued on the basis of the verification by internal or external body to enhance understanding or awareness of its stakeholders
4
GIN Conference 2006
Applied MethodsApplied Methods
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
④
③
②
5Applied MethodsApplied Methods
lan o heck
Check the Results
Implement a Soluti on
DefineGather DataAnalyze ct
LearningStandardize
Source Revised on the basis of wwwdartmouthedu
6
GIN Conference 2006
Applied MethodsApplied MethodsCorporate Activities from the point of Triple Bottom Lines views
Plan
Stakeholder Analysis bullIdentification of Core Stakeholders of Companies
Business Principles bullReflection of Laws Regulations and Standards etc of External and Internal Society
Mgt Philosophy bullReflection of the concept of sustainability for continuous growth and its characteristics
Objectives bullObjectives and Targets of Corporate Level
Measures bullIndicators for diagnosing the progress of Objectives and Targets
Do
Awareness bullActivities for enhancing awareness of internal and external persons eg PR Training Departments
Organization bullOrganization being in charge of Sustainability Issues
Implementation bullActivities by Value Chain (RampD Purchase Manufacture Marketing
Check
Self-diagnosis bullWhether company itself diagnose or not and temporally or regularly
Third Party Verification
bullVerification of Management Systems like ISO 9000 ISO 14001 OHSAS 18000 SA 8000 etc and Environmental Social and Sustainability Report
bullResults of Rating Institutes like SAM FTSE ISVA etc
ActBoard of Director bullWhether the review or not and temporally or regularly
Management Review bullWhether the review or not and temporally or regularly
Consistency bullLinkage of PDCA loop
7
GIN Conference 2006
Case StudyCase Study
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
②
③
④
EE44
DDBB
FF33
GG22
AACC22
Note The number means no of firms
8
GIN Conference 2006
Case StudyCase Study
Raw Material(iron ore energy etc)
Customer Oriented Industry
(electronicsfood amp drinking)
Manufactures(Automotive)
Logistics
Public Service
Financial Service
(Energy amp Water UtilitiesReal Estates)
(InsuranceBank)
9
GIN Conference 2006
Case StudyCase Study
In Plan stage the importance and the analysis of stakeholders were identified more clearly and accurately in the global leading companies than Korean companies
In Do Stage organizational charts of global companies for sustainability management were more comprehensive and systematic than those of Korean companies
In the framework of strategic management perspectives the structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
3
GIN Conference 2006
Theoretical PerspectivesTheoretical Perspectives
Stakeholder theory emphasizes the relationship and dialogue communication with groups with a stake in the firm ultimately integrating them into managerial decision-making (Emshoff and Freeman 1978)
Corporate accountability theory requires the integrity and transparency from firmrsquos stakeholder Therefore corporate sustainability report should be issued on the basis of the verification by internal or external body to enhance understanding or awareness of its stakeholders
4
GIN Conference 2006
Applied MethodsApplied Methods
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
④
③
②
5Applied MethodsApplied Methods
lan o heck
Check the Results
Implement a Soluti on
DefineGather DataAnalyze ct
LearningStandardize
Source Revised on the basis of wwwdartmouthedu
6
GIN Conference 2006
Applied MethodsApplied MethodsCorporate Activities from the point of Triple Bottom Lines views
Plan
Stakeholder Analysis bullIdentification of Core Stakeholders of Companies
Business Principles bullReflection of Laws Regulations and Standards etc of External and Internal Society
Mgt Philosophy bullReflection of the concept of sustainability for continuous growth and its characteristics
Objectives bullObjectives and Targets of Corporate Level
Measures bullIndicators for diagnosing the progress of Objectives and Targets
Do
Awareness bullActivities for enhancing awareness of internal and external persons eg PR Training Departments
Organization bullOrganization being in charge of Sustainability Issues
Implementation bullActivities by Value Chain (RampD Purchase Manufacture Marketing
Check
Self-diagnosis bullWhether company itself diagnose or not and temporally or regularly
Third Party Verification
bullVerification of Management Systems like ISO 9000 ISO 14001 OHSAS 18000 SA 8000 etc and Environmental Social and Sustainability Report
bullResults of Rating Institutes like SAM FTSE ISVA etc
ActBoard of Director bullWhether the review or not and temporally or regularly
Management Review bullWhether the review or not and temporally or regularly
Consistency bullLinkage of PDCA loop
7
GIN Conference 2006
Case StudyCase Study
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
②
③
④
EE44
DDBB
FF33
GG22
AACC22
Note The number means no of firms
8
GIN Conference 2006
Case StudyCase Study
Raw Material(iron ore energy etc)
Customer Oriented Industry
(electronicsfood amp drinking)
Manufactures(Automotive)
Logistics
Public Service
Financial Service
(Energy amp Water UtilitiesReal Estates)
(InsuranceBank)
9
GIN Conference 2006
Case StudyCase Study
In Plan stage the importance and the analysis of stakeholders were identified more clearly and accurately in the global leading companies than Korean companies
In Do Stage organizational charts of global companies for sustainability management were more comprehensive and systematic than those of Korean companies
In the framework of strategic management perspectives the structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
4
GIN Conference 2006
Applied MethodsApplied Methods
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
④
③
②
5Applied MethodsApplied Methods
lan o heck
Check the Results
Implement a Soluti on
DefineGather DataAnalyze ct
LearningStandardize
Source Revised on the basis of wwwdartmouthedu
6
GIN Conference 2006
Applied MethodsApplied MethodsCorporate Activities from the point of Triple Bottom Lines views
Plan
Stakeholder Analysis bullIdentification of Core Stakeholders of Companies
Business Principles bullReflection of Laws Regulations and Standards etc of External and Internal Society
Mgt Philosophy bullReflection of the concept of sustainability for continuous growth and its characteristics
Objectives bullObjectives and Targets of Corporate Level
Measures bullIndicators for diagnosing the progress of Objectives and Targets
Do
Awareness bullActivities for enhancing awareness of internal and external persons eg PR Training Departments
Organization bullOrganization being in charge of Sustainability Issues
Implementation bullActivities by Value Chain (RampD Purchase Manufacture Marketing
Check
Self-diagnosis bullWhether company itself diagnose or not and temporally or regularly
Third Party Verification
bullVerification of Management Systems like ISO 9000 ISO 14001 OHSAS 18000 SA 8000 etc and Environmental Social and Sustainability Report
bullResults of Rating Institutes like SAM FTSE ISVA etc
ActBoard of Director bullWhether the review or not and temporally or regularly
Management Review bullWhether the review or not and temporally or regularly
Consistency bullLinkage of PDCA loop
7
GIN Conference 2006
Case StudyCase Study
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
②
③
④
EE44
DDBB
FF33
GG22
AACC22
Note The number means no of firms
8
GIN Conference 2006
Case StudyCase Study
Raw Material(iron ore energy etc)
Customer Oriented Industry
(electronicsfood amp drinking)
Manufactures(Automotive)
Logistics
Public Service
Financial Service
(Energy amp Water UtilitiesReal Estates)
(InsuranceBank)
9
GIN Conference 2006
Case StudyCase Study
In Plan stage the importance and the analysis of stakeholders were identified more clearly and accurately in the global leading companies than Korean companies
In Do Stage organizational charts of global companies for sustainability management were more comprehensive and systematic than those of Korean companies
In the framework of strategic management perspectives the structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
5Applied MethodsApplied Methods
lan o heck
Check the Results
Implement a Soluti on
DefineGather DataAnalyze ct
LearningStandardize
Source Revised on the basis of wwwdartmouthedu
6
GIN Conference 2006
Applied MethodsApplied MethodsCorporate Activities from the point of Triple Bottom Lines views
Plan
Stakeholder Analysis bullIdentification of Core Stakeholders of Companies
Business Principles bullReflection of Laws Regulations and Standards etc of External and Internal Society
Mgt Philosophy bullReflection of the concept of sustainability for continuous growth and its characteristics
Objectives bullObjectives and Targets of Corporate Level
Measures bullIndicators for diagnosing the progress of Objectives and Targets
Do
Awareness bullActivities for enhancing awareness of internal and external persons eg PR Training Departments
Organization bullOrganization being in charge of Sustainability Issues
Implementation bullActivities by Value Chain (RampD Purchase Manufacture Marketing
Check
Self-diagnosis bullWhether company itself diagnose or not and temporally or regularly
Third Party Verification
bullVerification of Management Systems like ISO 9000 ISO 14001 OHSAS 18000 SA 8000 etc and Environmental Social and Sustainability Report
bullResults of Rating Institutes like SAM FTSE ISVA etc
ActBoard of Director bullWhether the review or not and temporally or regularly
Management Review bullWhether the review or not and temporally or regularly
Consistency bullLinkage of PDCA loop
7
GIN Conference 2006
Case StudyCase Study
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
②
③
④
EE44
DDBB
FF33
GG22
AACC22
Note The number means no of firms
8
GIN Conference 2006
Case StudyCase Study
Raw Material(iron ore energy etc)
Customer Oriented Industry
(electronicsfood amp drinking)
Manufactures(Automotive)
Logistics
Public Service
Financial Service
(Energy amp Water UtilitiesReal Estates)
(InsuranceBank)
9
GIN Conference 2006
Case StudyCase Study
In Plan stage the importance and the analysis of stakeholders were identified more clearly and accurately in the global leading companies than Korean companies
In Do Stage organizational charts of global companies for sustainability management were more comprehensive and systematic than those of Korean companies
In the framework of strategic management perspectives the structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
6
GIN Conference 2006
Applied MethodsApplied MethodsCorporate Activities from the point of Triple Bottom Lines views
Plan
Stakeholder Analysis bullIdentification of Core Stakeholders of Companies
Business Principles bullReflection of Laws Regulations and Standards etc of External and Internal Society
Mgt Philosophy bullReflection of the concept of sustainability for continuous growth and its characteristics
Objectives bullObjectives and Targets of Corporate Level
Measures bullIndicators for diagnosing the progress of Objectives and Targets
Do
Awareness bullActivities for enhancing awareness of internal and external persons eg PR Training Departments
Organization bullOrganization being in charge of Sustainability Issues
Implementation bullActivities by Value Chain (RampD Purchase Manufacture Marketing
Check
Self-diagnosis bullWhether company itself diagnose or not and temporally or regularly
Third Party Verification
bullVerification of Management Systems like ISO 9000 ISO 14001 OHSAS 18000 SA 8000 etc and Environmental Social and Sustainability Report
bullResults of Rating Institutes like SAM FTSE ISVA etc
ActBoard of Director bullWhether the review or not and temporally or regularly
Management Review bullWhether the review or not and temporally or regularly
Consistency bullLinkage of PDCA loop
7
GIN Conference 2006
Case StudyCase Study
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
②
③
④
EE44
DDBB
FF33
GG22
AACC22
Note The number means no of firms
8
GIN Conference 2006
Case StudyCase Study
Raw Material(iron ore energy etc)
Customer Oriented Industry
(electronicsfood amp drinking)
Manufactures(Automotive)
Logistics
Public Service
Financial Service
(Energy amp Water UtilitiesReal Estates)
(InsuranceBank)
9
GIN Conference 2006
Case StudyCase Study
In Plan stage the importance and the analysis of stakeholders were identified more clearly and accurately in the global leading companies than Korean companies
In Do Stage organizational charts of global companies for sustainability management were more comprehensive and systematic than those of Korean companies
In the framework of strategic management perspectives the structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
7
GIN Conference 2006
Case StudyCase Study
ldquoldquoTell MerdquoTell Merdquo
ldquoldquoShow MerdquoShow Merdquo
ldquoldquoProve MerdquoProve Merdquo
ldquoldquoDiscuss Discuss with Merdquowith Merdquo
ldquoldquoInvolve MerdquoInvolve Merdquo
(Stakeholder Perspective)
(Sustainability Report Model Perspective)
ldquoImpactsrdquo ldquoInternalizationrdquo ldquoInclusionrdquo Integration Incubation
①
②
③
④
EE44
DDBB
FF33
GG22
AACC22
Note The number means no of firms
8
GIN Conference 2006
Case StudyCase Study
Raw Material(iron ore energy etc)
Customer Oriented Industry
(electronicsfood amp drinking)
Manufactures(Automotive)
Logistics
Public Service
Financial Service
(Energy amp Water UtilitiesReal Estates)
(InsuranceBank)
9
GIN Conference 2006
Case StudyCase Study
In Plan stage the importance and the analysis of stakeholders were identified more clearly and accurately in the global leading companies than Korean companies
In Do Stage organizational charts of global companies for sustainability management were more comprehensive and systematic than those of Korean companies
In the framework of strategic management perspectives the structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
8
GIN Conference 2006
Case StudyCase Study
Raw Material(iron ore energy etc)
Customer Oriented Industry
(electronicsfood amp drinking)
Manufactures(Automotive)
Logistics
Public Service
Financial Service
(Energy amp Water UtilitiesReal Estates)
(InsuranceBank)
9
GIN Conference 2006
Case StudyCase Study
In Plan stage the importance and the analysis of stakeholders were identified more clearly and accurately in the global leading companies than Korean companies
In Do Stage organizational charts of global companies for sustainability management were more comprehensive and systematic than those of Korean companies
In the framework of strategic management perspectives the structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
9
GIN Conference 2006
Case StudyCase Study
In Plan stage the importance and the analysis of stakeholders were identified more clearly and accurately in the global leading companies than Korean companies
In Do Stage organizational charts of global companies for sustainability management were more comprehensive and systematic than those of Korean companies
In the framework of strategic management perspectives the structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
10
GIN Conference 2006
ConclusionsConclusions
Sustainability report of Korean companies is evolving stage from the infant stage They also are not enough to discuss or involve with their stakeholders and sustainability report model does not reflect TBL factors sufficiently in their business management in strategic perspectives
Particularly the result compared three Korean leading companies with three global leading companies in the same industry in PDCA perspectives presents the gap The structure of globally leading companies for sustainable management is more clearly and accurately developed than that of Korean companies
Korean business circles should have a continuous interest in sustainability report as one of key tools for communicating with stakeholders As well accountability theory and strategic approach method are highly important when they publish their sustainability report
Applied methods will be helpful to examine and understand state of the arts of sustainability report in Korean business circles and to compare sustainability report of three Korean companies with that of global leading companies Through the analysis the paper confirmed in Korean business circles such as follows
Thank you for Your Attention
