Abstract

Due to climate change and COVID-19, social members' interest in ESG continues to increase, making ESG an essential element for companies. As the importance of ESG management has emerged in Korea, evaluation is being conducted using various ESG evaluation indicators. However, most of the ESG evaluation indicators are tailored to large companies, requiring the development and related research of ESG evaluation indicators suitable for "venture companies" and "small and medium-sized enterprises." Therefore, this study aims to derive priorities for ESG elements centering on venture companies by using the AHP analysis technique and present the direction of ESG management strategies of venture companies. The results of the study are as follows. First, the importance of the top factors of ESG was in the order of environment (.479), society (.294), and governance (.227). Second, the importance of environmental sub-factors was high in the order of 'CEO's willingness to practice' and 'environmental management strategy and policy'. Third, the importance of sub-factors of society was high in the order of 'basic rights in the workplace' and 'corruption prevention'. Finally, the importance of sub-factors of governance was high in the order of 'protection of shareholders' rights' and 'function of the board of directors'. Recently, due to COVID-19 and climate change, interest in the environment has increased, and the importance of environmental management has been high. In addition, in the case of society, internal factors such as "basic rights in the workplace" and "corruption prevention" ranked higher than external factors such as "participation in the community" due to the unstable internal structure and systematic venture company characteristics. Finally, the governance structure showed a relatively low importance, but it is judged that shareholder-friendly management is needed, focusing on the priority "protection of shareholders' rights."

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