IDEAS home Printed from https://ideas.repec.org/a/sae/sagope/v13y2023i4p21582440231202896.html
   My bibliography  Save this article

Text Mining Analysis of ESG Management Reports in South Korea: Comparison With Sustainable Development Goals

Author

Listed:
  • Joohye Yoon
  • Sujin Han
  • Yongseok Lee
  • Hyesun Hwang

Abstract

The essential value of sustainability has warranted firms to disclose their environmental, social, and governance (ESG) visions. We conducted a significant data analysis using text mining to assess Korean companies’ ESG perceptions in accordance with the 17 Sustainable Development Goals (SDGs) suggested by the United Nations. Bigram frequency, term frequency–inverse document frequency, semantic network, and convergence of iteration correlation analyses were performed in this study. The results indicate that Korean companies focus on consumer protection, especially digital human rights. However, efforts toward global partnerships, as emphasized by the SDGs, were not apparent. These results suggest important ESG values for countries advancing toward the Fourth Industrial Revolution, which will ultimately contribute to global cooperation and sustainable development.

Suggested Citation

  • Joohye Yoon & Sujin Han & Yongseok Lee & Hyesun Hwang, 2023. "Text Mining Analysis of ESG Management Reports in South Korea: Comparison With Sustainable Development Goals," SAGE Open, , vol. 13(4), pages 21582440231, November.
    • Handle: RePEc:sae:sagope:v:13:y:2023:i:4:p:21582440231202896
    DOI: 10.1177/21582440231202896
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/21582440231202896
    Download Restriction: no
    File URL: https://libkey.io/10.1177/21582440231202896?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ajishnu Roy & Aman Basu & Yanyu Su & Yan Li & Xuhui Dong, 2022. "Understanding Recent Trends in Global Sustainable Development Goal 6 Research: Scientometric, Text Mining and an Improved Framework for Future Research," Sustainability, MDPI, vol. 14(4), pages 1-23, February.
    2. Arifur Khan & Mohammad Muttakin & Javed Siddiqui, 2013. "Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from an Emerging Economy," Journal of Business Ethics, Springer, vol. 114(2), pages 207-223, May.
    3. Um-E-Roman Fayyaz & Michelina Venditti & Raja Nabeel-Ud-Din Jalal, 2023. "Dividend policy under the influence of corporate governance quality: an empirical analysis from Asian emerging markets," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 28(1), pages 22-38.
    4. Gillan, Stuart L. & Koch, Andrew & Starks, Laura T., 2021. "Firms and social responsibility: A review of ESG and CSR research in corporate finance," Journal of Corporate Finance, Elsevier, vol. 66(C).
    5. Sachs,Jeffrey & Kroll,Christian & Lafortune,Guillame & Fuller,Grayson & Woelm,Finn, 2021. "Sustainable Development Report 2021," Cambridge Books, Cambridge University Press, number 9781009098915.
    6. Reynir Indahl & Hannah Gunvor Jacobsen, 2019. "Private Equity 4.0: Using ESG to Create More Value with Less Risk," Journal of Applied Corporate Finance, Morgan Stanley, vol. 31(2), pages 34-41, June.
    7. Fabio Caputo & Lorenzo Ligorio & Simone Pizzi, 2021. "The Contribution of Higher Education Institutions to the SDGs—An Evaluation of Sustainability Reporting Practices," Administrative Sciences, MDPI, vol. 11(3), pages 1-13, September.
    8. Gerard George & Ryan K. Merrill & Simon J. D. Schillebeeckx, 2021. "Digital Sustainability and Entrepreneurship: How Digital Innovations Are Helping Tackle Climate Change and Sustainable Development," Entrepreneurship Theory and Practice, , vol. 45(5), pages 999-1027, September.
    9. Ting-Ting Li & Kai Wang & Toshiyuki Sueyoshi & Derek D. Wang, 2021. "ESG: Research Progress and Future Prospects," Sustainability, MDPI, vol. 13(21), pages 1-28, October.
    10. Maria Federica Cordova & Andrea Celone, 2019. "SDGs and Innovation in the Business Context Literature Review," Sustainability, MDPI, vol. 11(24), pages 1-14, December.
    11. Abdulnaser Ibrahim Nour & Abdel-Aziz Ahmad Sharabati & Khitam Mahmoud Hammad, 2020. "Corporate Governance and Corporate Social Responsibility Disclosure," International Journal of Sustainable Entrepreneurship and Corporate Social Responsibility (IJSECSR), IGI Global, vol. 5(1), pages 20-41, January.
    12. Christine Meschede, 2020. "The Sustainable Development Goals in Scientific Literature: A Bibliometric Overview at the Meta-Level," Sustainability, MDPI, vol. 12(11), pages 1-14, June.
    13. Sachs,Jeffrey & Kroll,Christian & Lafortune,Guillame & Fuller,Grayson & Woelm,Finn, 2021. "Sustainable Development Report 2021," Cambridge Books, Cambridge University Press, number 9781009102896, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chi Zhang & Zhongchang Sun & Qiang Xing & Jialong Sun & Tianyu Xia & Hao Yu, 2021. "Localizing Indicators of SDG11 for an Integrated Assessment of Urban Sustainability—A Case Study of Hainan Province," Sustainability, MDPI, vol. 13(19), pages 1-14, October.
    2. Xu, Deyi & Sheraz, Muhammad & Hassan, Arshad & Sinha, Avik & Ullah, Saif, 2022. "Financial development, renewable energy and CO2 emission in G7 countries: New evidence from non-linear and asymmetric analysis," Energy Economics, Elsevier, vol. 109(C).
    3. Hametner, Markus, 2022. "Economics without ecology: How the SDGs fail to align socioeconomic development with environmental sustainability," Ecological Economics, Elsevier, vol. 199(C).
    4. Ofori, Isaac K. & Figari, Francesco, 2022. "Economic Globalisation and Inclusive Green Growth in Africa: Contingencies and Policy-Relevant Thresholds of Governance," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Forthcomi, pages 1-1.
    5. Bianca Carducci & Yaqub Wasan & Agha Shakeel & Amjad Hussain & Jo-Anna B. Baxter & Arjumand Rizvi & Sajid B. Soofi & Zulfiqar A. Bhutta, 2022. "Characterizing Retail Food Environments in Peri-Urban Pakistan during the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(14), pages 1-13, July.
    6. Daniela Cristina Momete & Manuel Mihail Momete, 2021. "Map and Track the Performance in Education for Sustainable Development across the European Union," Sustainability, MDPI, vol. 13(23), pages 1-14, November.
    7. Guillaume Lafortune & Grayson Fuller & Leslie Bermont Diaz & Adolf Kloke-Lesch & Phoebe Koundouri & Angelo Riccaboni, 2022. "Achieving the SDGs: Europe's Compass in a Multipolar World: Europe Sustainable Development Report 2022," DEOS Working Papers 2235, Athens University of Economics and Business.
    8. Kevin Handtke & Lisa Richter-Beuschel & Susanne Bögeholz, 2022. "Self-Efficacy Beliefs of Teaching ESD: A Theory-Driven Instrument and the Effectiveness of ESD in German Teacher Education," Sustainability, MDPI, vol. 14(11), pages 1-32, May.
    9. Carmen García-Peña & Moneyba González-Medina & Jose Manuel Diaz-Sarachaga, 2021. "Assessment of the Governance Dimension in the Frame of the 2030 Agenda: Evidence from 100 Spanish Cities," Sustainability, MDPI, vol. 13(10), pages 1-21, May.
    10. Ameen Qasem & Shaker Dahan AL-Duais & Wan Nordin Wan-Hussin & Hasan Mohamad Bamahros & Abdulsalam Alquhaif & Murad Thomran, 2022. "Institutional Ownership Types and ESG Reporting: The Case of Saudi Listed Firms," Sustainability, MDPI, vol. 14(18), pages 1-23, September.
    11. Mariusz Czupich & Justyna Łapińska & Vojtěch Bartoš, 2022. "Environmental Sustainability Assessment of the European Union’s Capital Cities," IJERPH, MDPI, vol. 19(7), pages 1-18, April.
    12. Jan, Muhammad Zain & Ullah, Kafait & Abbas, Faisal & Khalid, Hassan Abdullah & Bajwa, Tariq M., 2023. "Barriers to the adoption of social welfare measures in the electricity tariff structure of developing countries: A case of Pakistan," Energy Policy, Elsevier, vol. 179(C).
    13. Hatzenbühler, Jonas & Jenelius, Erik & Gidófalvi, Gyözö & Cats, Oded, 2023. "Modular vehicle routing for combined passenger and freight transport," Transportation Research Part A: Policy and Practice, Elsevier, vol. 173(C).
    14. Min-Jung Kang & Seul-Gi Oh & Ho-Young Lee, 2022. "The Association between Outside Directors’ Compensation and ESG Performance: Evidence from Korean Firms," Sustainability, MDPI, vol. 14(19), pages 1-22, September.
    15. Anna Martyka & Dorota Jopek & Izabela Skrzypczak, 2022. "Analysis of the Sustainable Development Index in the Communes of the Podkarpackie Voivodeship: A Polish Case Study," Sustainability, MDPI, vol. 14(16), pages 1-23, August.
    16. Virág, Doris & Wiedenhofer, Dominik & Baumgart, André & Matej, Sarah & Krausmann, Fridolin & Min, Jihoon & Rao, Narasimha D. & Haberl, Helmut, 2022. "How much infrastructure is required to support decent mobility for all? An exploratory assessment," Ecological Economics, Elsevier, vol. 200(C).
    17. Raghu Raman & Nava Subramaniam & Vinith Kumar Nair & Avinash Shivdas & Krishnashree Achuthan & Prema Nedungadi, 2022. "Women Entrepreneurship and Sustainable Development: Bibliometric Analysis and Emerging Research Trends," Sustainability, MDPI, vol. 14(15), pages 1-31, July.
    18. Asitha De Silva & Dilanthi Amaratunga & Richard Haigh, 2022. "Green and Blue Infrastructure as Nature-Based Better Preparedness Solutions for Disaster Risk Reduction: Key Policy Aspects," Sustainability, MDPI, vol. 14(23), pages 1-26, December.
    19. Antonia Asenjo & Verónica Escudero & Hannah Liepmann, 2024. "Why Should we Integrate Income and Employment Support? A Conceptual and Empirical Investigation," Journal of Development Studies, Taylor & Francis Journals, vol. 60(1), pages 1-29, January.
    20. Marie Stenton & Veronika Kapsali & Richard S. Blackburn & Joseph A. Houghton, 2021. "From Clothing Rations to Fast Fashion: Utilising Regenerated Protein Fibres to Alleviate Pressures on Mass Production," Energies, MDPI, vol. 14(18), pages 1-18, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:sagope:v:13:y:2023:i:4:p:21582440231202896. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.