Analysis of ESG Management in KOSPI Listed Companies: Focusing on the Relationship Between Environmental and Financial Performance

In recent years, companies have been facing the challenge of adapting to a rapidly changing global economy and complex trading environment, and ESG management has emerged as a strategic alternative for these companies. In particular, the carbon neutrality policy to respond to climate change requires companies to respond to environmental changes and social needs. This paper focuses on the environmental aspects of ESG management and analyzes the relationship between non-financial and financial performance of KOSPI 50 listed companies. Specifically, through time series analysis of data for the last 10 years, this paper aims to identify the relationship between environmental indicators of ESG management and financial performance and propose a corporate growth model. Specifically, we categorize the types of corporate growth based on the relevance of environmental and financial data of the surveyed companies and identify the suitability of ESG-type corporate growth. In doing so, we hope to provide more realistic implications for many international trading companies that seek to improve their performance through ESG activities.