Abstract
Creating Shared Value(CSV) is a concept used to describe policies and operating practices that strengthen the competitiveness of a company while simultaneously contributing to social and environmental values. Climate change and greenhouse gas issues have called the attention of various sectors including customers, institutional investors, and governments, and there has been strong demand for effective solutions regarding issues. Companies have been considering them as an essential managerial agenda; however, there exists very few case studies of energy and chemical companies, such as BASF, BP, LG Chem, Lotte Chemical, SK, etc. The purpose of this paper is to examine practical cases of energy and chemical companies and to analyze the environmental policies these companies have employed using the concept of CSV. Korean energy and chemical companies have actively adopted environmentally responsible technologies into their business models such as secondary batteries, water purified filter membranes, solar power, and greenhouse gas management systems. However, they didn't seem to have long-term CSV related goals regarding climate change. On the contrary, global companies such as BASF, BP, Eni, etc, have officially announced corporate-level plans and actions such as Carbon Net Zero, Renewable Energy Target, and Circular Economy, without compromising profitability
Translated title of the contribution | Creating Shared Value(CSV) as Strategic Activities for Climate Change: Case Study of Korean and Global Chemical Companies |
---|---|
Original language | Korean |
Pages (from-to) | 61-94 |
Number of pages | 34 |
Journal | 상업교육연구 |
Volume | 35 |
Issue number | 1 |
DOIs | |
State | Published - Feb 2021 |