Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme
In response to the domestic emission trading scheme, Korean companies are required to shift their strategies from voluntary or regulation-driven management approaches to innovative carbon management utilizing their carbon option linked with economic value. Using a questionnaire survey targeting comp...
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-04-01
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| Series: | Energies |
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| Online Access: | http://www.mdpi.com/1996-1073/11/4/966 |
| _version_ | 1798041723722530816 |
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| author | Sunhee Suk |
| author_facet | Sunhee Suk |
| author_sort | Sunhee Suk |
| collection | DOAJ |
| description | In response to the domestic emission trading scheme, Korean companies are required to shift their strategies from voluntary or regulation-driven management approaches to innovative carbon management utilizing their carbon option linked with economic value. Using a questionnaire survey targeting companies subjected to the emission trading scheme, this study explores the status of Korean companies’ carbon management in a series of five strategies and identifies the correlation between companies’ proactive carbon strategies and pre-listed determinant factors. This study found that Korean companies’ practices in accordance with carbon pricing deviate little from conventional energy and environmental management in this phase. They are likely to be affected by the need to appear socially responsible or to make a social contribution, without having to exceed this mandate in terms activities outside of this remit. Yet, only a small proportion of companies have advanced to the stage of proactive carbon management. For them, top managers’ support and understanding are essential factors together with government pressure to factor-in issues related to carbon with their business strategies. This study provides implications for policy and corporate in promoting carbon-oriented management under the carbon policy. |
| first_indexed | 2024-04-11T22:25:30Z |
| format | Article |
| id | doaj.art-5e75bb6f4dcd40b681ea566d6aecc19d |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-11T22:25:30Z |
| publishDate | 2018-04-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-5e75bb6f4dcd40b681ea566d6aecc19d2022-12-22T03:59:41ZengMDPI AGEnergies1996-10732018-04-0111496610.3390/en11040966en11040966Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing SchemeSunhee Suk0Institute for Global Environmental Strategies (IGES), Hayama 240-0115, JapanIn response to the domestic emission trading scheme, Korean companies are required to shift their strategies from voluntary or regulation-driven management approaches to innovative carbon management utilizing their carbon option linked with economic value. Using a questionnaire survey targeting companies subjected to the emission trading scheme, this study explores the status of Korean companies’ carbon management in a series of five strategies and identifies the correlation between companies’ proactive carbon strategies and pre-listed determinant factors. This study found that Korean companies’ practices in accordance with carbon pricing deviate little from conventional energy and environmental management in this phase. They are likely to be affected by the need to appear socially responsible or to make a social contribution, without having to exceed this mandate in terms activities outside of this remit. Yet, only a small proportion of companies have advanced to the stage of proactive carbon management. For them, top managers’ support and understanding are essential factors together with government pressure to factor-in issues related to carbon with their business strategies. This study provides implications for policy and corporate in promoting carbon-oriented management under the carbon policy.http://www.mdpi.com/1996-1073/11/4/966carbon pricingproactive carbon managementemission trading schemecompaniesthe Republic of Korea |
| spellingShingle | Sunhee Suk Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme Energies carbon pricing proactive carbon management emission trading scheme companies the Republic of Korea |
| title | Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme |
| title_full | Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme |
| title_fullStr | Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme |
| title_full_unstemmed | Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme |
| title_short | Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme |
| title_sort | determinants and characteristics of korean companies carbon management under the carbon pricing scheme |
| topic | carbon pricing proactive carbon management emission trading scheme companies the Republic of Korea |
| url | http://www.mdpi.com/1996-1073/11/4/966 |
| work_keys_str_mv | AT sunheesuk determinantsandcharacteristicsofkoreancompaniescarbonmanagementunderthecarbonpricingscheme |