기업지배구조 핵심지표와 기업의 환경경영 및 사회적책임경영과의 관련성

This study examined the relationship between compliance with key indicators in the governance report and corporate environmental and social responsibility activities for KOSPI-listed companies with total assets of 2 trillion or more in the three years from 2018 to 2020. Amid a significant increase in the capital market's interest in ESG management due to the outbreak of COVID-19 at the end of 2019, previous studies analyzed the relationship with corporate environmental or social responsibility activities using ESG data evaluated by the Korea Corporate Governance Service. On the other hand, this study examined in-depth how the effectiveness of the governance structure evaluated by the company itself correlates with environmental(E) and social(S) responsibility activities using whether or not the core indicators of the governance structure disclosed by individual companies. The results of the analysis show that the score of compliance with the core general indicators of the governance report showed a positive(+) correlation with both corporate environmental and social responsibility activities. Meanwhile, the results of analyzing key indicators by dividing them into shareholder rights protection, board responsibility, and internal audit function show that the shareholder protection key indicator score had a significant positive (+) correlation with environmental and social responsibility activities. This study can help companies establish ESG management strategies in the future and help capital market participants understand the interrelationship between specific non-financial performance and provide additional information by presenting correlation between 15 indicators published in the corporate governance report.