TY - GEN
T1 - What Quantitative Indicators Do Construction Companies Use to Manage ESG?
T2 - 20th International Conference on Computing in Civil and Building Engineering, ICCCBE 2024
AU - Kim, Moobin
AU - Seo, Wonkyoung
AU - Kang, Youngcheol
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.
PY - 2025
Y1 - 2025
N2 - The purpose of this study is to investigate the quantitative indicators that Korean construction companies maintain in relation to environment, social, and governance (ESG). As a fundamental industry with a significant impact on the national labor market and environment, the application of ESG in the construction industry is crucial for the nationwide implementation of ESG. However, due to the high accident rates and greenhouse gas emissions in the construction industry, there are many challenges in implementing ESG, leading to a slow adoption of ESG practices within the construction industry. To assess the current state of ESG management in the construction industry, this study reviewed the ESG reports of nine major construction companies in South Korea published over the past decade and extracted commonly used quantitative indicators. Along with identifying these indicators, this study presents their trends over time. This study found a total of 28 common indicators: 10 in the environmental (E) category, 13 in the social (S) category, and 5 in the governance (G) category. From the trend analysis, this study found that construction companies publishing annual ESG reports in South Korea have improved their ESG performance over time. These findings can make three contributions. First, the indicators identified in this study can help small and medium-sized enterprises (SMEs), which constitute the majority in the construction industry, when formulating strategies for ESG implementation. Second, the trend analysis will be beneficial for diagnosing the current status of ESG performance in the construction industry and establishing future strategies for enhancing ESG implementations. In addition, the results of this study can be useful for establishing future research topics. For example, by utilizing the ESG indicators identified in this study, further research could investigate the impact of ESG on a construction company’s finances.
AB - The purpose of this study is to investigate the quantitative indicators that Korean construction companies maintain in relation to environment, social, and governance (ESG). As a fundamental industry with a significant impact on the national labor market and environment, the application of ESG in the construction industry is crucial for the nationwide implementation of ESG. However, due to the high accident rates and greenhouse gas emissions in the construction industry, there are many challenges in implementing ESG, leading to a slow adoption of ESG practices within the construction industry. To assess the current state of ESG management in the construction industry, this study reviewed the ESG reports of nine major construction companies in South Korea published over the past decade and extracted commonly used quantitative indicators. Along with identifying these indicators, this study presents their trends over time. This study found a total of 28 common indicators: 10 in the environmental (E) category, 13 in the social (S) category, and 5 in the governance (G) category. From the trend analysis, this study found that construction companies publishing annual ESG reports in South Korea have improved their ESG performance over time. These findings can make three contributions. First, the indicators identified in this study can help small and medium-sized enterprises (SMEs), which constitute the majority in the construction industry, when formulating strategies for ESG implementation. Second, the trend analysis will be beneficial for diagnosing the current status of ESG performance in the construction industry and establishing future strategies for enhancing ESG implementations. In addition, the results of this study can be useful for establishing future research topics. For example, by utilizing the ESG indicators identified in this study, further research could investigate the impact of ESG on a construction company’s finances.
KW - ESG
KW - ESG Indicators
KW - ESG Trend
UR - https://www.scopus.com/pages/publications/105001375978
U2 - 10.1007/978-3-031-84208-5_58
DO - 10.1007/978-3-031-84208-5_58
M3 - Conference contribution
AN - SCOPUS:105001375978
SN - 9783031842078
T3 - Lecture Notes in Civil Engineering
SP - 769
EP - 781
BT - Advances in Information Technology in Civil and Building Engineering - Proceedings of ICCCBE 2024 - Volume 1
A2 - Francis, Adel
A2 - Miresco, Edmond
A2 - Melhado, Silvio
PB - Springer Science and Business Media Deutschland GmbH
Y2 - 25 August 2024 through 28 August 2024
ER -