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Korea: Sustainability Trend Survey and ESG evidence Date: December 29, 2010 (SEOUL, South Korea) /CSRwire/ - In autumn 2009, SolAbility conducted a corporate sustainability survey amongst professionals in Korean corporations. The results of the survey and evidence form SolAbility's ESG research work have now been published in a report. The Highlights of the survey include: 187 respondents form a variety of business backgrounds More than 55% of respondents say their organization has implemented sustainability activities Initial sustainability activities were focused on "social responsibility" activities (ethical management, social activities), rather than strategic considerations. However, the view on sustainability has been changing significantly and rapidly over the last 2 years. 65% of respondents indicate that sustainability has become more important at their respective company since the outbreak of the global financial & economic crisis 97.8% of respondents expect that their company will have fully implemented sustainability management by 2014 ESG Research highlights Sustainable companies significantly outperform the less sustainable companies in terms of financial performance, both long- and short term: A portfolio of the 0 most sustainable Korean companies has outperformed the stock index (KOSPI) by more than 200% since 2002, 18% in 2009. Increase in sustainability activities amongst Korean corporations have been observed over recent years The push for integrating sustainability has gained significant monumentum with the recent financial and economic crisis SolAbility is a Korean-Swiss joint-venture based in Korea, providing ESG research to institutional clients and sustainability services to corporate clients www.solability.com contact@solability.com Tel. +82 31 811 3578 For more information, please contact: Mi Hyang Lee |
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