than twice every year. Through this study, this research paper will look into, and focus on the efforts of each country in establishing new standards in the national economy and how ESG affects companies in detail. Overall, this research paper will focus on how non-financial factors - environment, social, governance - affect the development and survival of current companies and see how current companies apply this into their corporate system.
Keywords: United Nations, Environment, Community development, transparent financial structure
I. Brief Introduction In a 1987 World Commission on Environment and Development report, the concept of "our common future" is more important than "the ability of future generations to meet their needs" (e.g. WCED, 1987:43) [1]Many of the problems caused by climate change have prevented human growth andglobal disease outbreaks and growth [2]The 2015 Paris Agreement [3] and the UN's Sustainable Development Goals (SDGs) have been reorganized to address these problems. With the inauguration of Joe Biden, the U.S. president, the return to the Paris climate agreement and the declaration of Carbon Neutral [4] by 2050, global movements on climate change have once again gained momentum. Most companies that are considered to have long-term growth potential are active in ESG. In the past,allocating management resources to ESG instead of facility investment was a priority, but now the view that companies should have a long-term eye for ESG and the physical strength to carry out short-term social tasks is gaining ground. Transparent management strategies caring for the environment and society are linked to improving corporate value. This is because brand influence can make it easier to secure management resources by increasing corporate value and raising funds through sustainable bonds. It also has the advantage of upgrading its crisis management capabilities to secure allies that support companies in times of crisis. There are 600 international ESG evaluation institutions, including Bloomberg[6], Morgan Stanley Capital International (MSCI)[7], and Investor's Business Daily (IBD)[8]and they are at the heart of new growth and investment strategies for companies and countries. ESG-related investment funds in countries around the world also amount to around 40, which is increasing.
334
