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A Study on the Development of ESG Guidelines for the Establishment of ESG Management in the Construction Industry

Publication Date 2024-09-27

Researchers YoungDeok Kim

This research paper is to develop guidelines for ESG(Environment, Social, Governance) performance indicators of the construction industry. Through this, we intend to effectively respond to the recent spread of ESG management and spread sustainable management of construction organizations.Recently, domestically and internationally, interest in ESG has been growing along with the expansion of discussions on major international issues such as the sustainable growth of countries, industries, and companies, environment, and human rights.The environmental, social, and governance elements of ESG are directly or indirectly connected not only to the construction market but also to all areas of the construction industry, including construction production activities. The impact of ESG on the construction industry is expected to be greater than that of other industries.Therefore, the construction industry needs to understand the recent trends in ESG and continue to pay attention to the background and action plans of ESG management.This study was conducted to provide guidelines for revitalizing ESG management in the construction industry by analyzing major issues and response trends of ESG management, the institutional environment of the construction industry, and demand for the industry.As a result, a total of 17 items and 72 performance indicators were developed, including 21 performance indicators in 6 items in the environmental sector, 30 performance indicators in 7 items in the social sector, and 21 performance indicators in 4 items in the governance sector.This construction industry ESG performance indicator is expected to help construction organizations establish ESG strategies and draw action tasks, and can be used as basic data for a disclosure system that considers the characteristics of the construction industry when ESG disclosure becomes mandatory in the future.