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Sustainability 2017, 9(7), 1135; doi:10.3390/su9071135

The Impact of Greenhouse Gas Emissions on Corporate Social Responsibility in Korea

1
Department of Economics, Hongik University, Wausan-ro 94, Mapo-gu, Seoul 04066, Korea
2
College of Business Administration, Hongik University, Wausan-ro 94, Mapo-gu, Seoul 04066, Korea
*
Author to whom correspondence should be addressed.
Received: 26 February 2017 / Revised: 18 June 2017 / Accepted: 22 June 2017 / Published: 28 June 2017
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Abstract

This study investigates the relationship between corporate greenhouse gas (GHG) emissions and corporate social responsibility (CSR). Using GHG emissions data and the CSR index announced by the Korea Economic Justice Institute, we find that companies emitting more GHG are highly rated in the CSR index. This relationship becomes stronger as the firm size increases. This result indicates that reducing GHG, especially for big firms, may not be an effective way to raise the firm’s CSR index as expected. We interpret this result as suggesting that other social contribution behaviours may be valued more than GHG reduction, despite its actual environmental influence. We therefore argue that the current CSR index possibly underestimates the importance of environmental factors, such as GHG reduction, and thus, the index needs to be improved. View Full-Text
Keywords: greenhouse gas (GHG); corporate social responsibility (CSR); firm size greenhouse gas (GHG); corporate social responsibility (CSR); firm size
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Yu, J.; Lee, S. The Impact of Greenhouse Gas Emissions on Corporate Social Responsibility in Korea. Sustainability 2017, 9, 1135.

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