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Social Sector (S) ESG Level and Advancement Plan for Construction Industry

Publication Date 2023-12-22

Researchers Eun-Jeong Choi

This study aims to suggest what construction companies should do in the ESG society(S). To this end, 10 indicators and 40 detailed indicators suitable for the construction industry were derived in the social sector. Based on the derived social domain (S) ESG sector, (1) itemized importance/urgency assessment and (2) itemized current level of construction companies are evaluated. First, as a result of assessing the importance/urgency of ESG indicators in the social sector(S), it was found that 'occupational health and safety' and 'quality management' are important in the construction industry and urgently need to be improved. As a result of investigating the level of construction firms in each detailed index of the social sector, the smaller the size of construction firms, the weaker they are evaluated in all areas of the social sphere. In the future, safety and quality will continue to be key issues in the construction industry. Therefore, the importance of managing the prime contractor and related subcontractors will inevitably be highlighted. Therefore, in order to advance social sector in ESG, it is necessary to internalize ESG among employees first, and in the mid- to long-term, supply chain-related risk management (including labor, employment, social responsibility, etc.) should be achieved.