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Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme

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  • Sunhee Suk

    (Institute for Global Environmental Strategies (IGES), Hayama 240-0115, Japan)

Abstract

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.

Suggested Citation

  • Sunhee Suk, 2018. "Determinants and Characteristics of Korean Companies’ Carbon Management under the Carbon Pricing Scheme," Energies, MDPI, vol. 11(4), pages 1-23, April.
    • Handle: RePEc:gam:jeners:v:11:y:2018:i:4:p:966-:d:141701
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    3. Dongya Li & Maosheng Duan & Zhe Deng & Haijun Zhang, 2021. "Assessment of the performance of pilot carbon emissions trading systems in China," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 23(3), pages 593-612, July.
    4. Árpád Tóth & Cecília Szigeti & Alex Suta, 2021. "Carbon Accounting Measurement with Digital Non-Financial Corporate Reporting and a Comparison to European Automotive Companies Statements," Energies, MDPI, vol. 14(18), pages 1-18, September.

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