A Study on the Evaluation index and Components of ESG Management of Culture and Arts Organizations

Abstract

This study examines how ESG management, a new paradigm for corporate growth, can be applied to cultural and artistic organizations to achieve sustainable development. In particular, it was reviewed how to apply the core elements of corporate ESG management to cultural and artistic organizations and how to construct evaluation indexes components applicable to cultural and artistic organizations These ESG evaluation indexes secures the organization's competitiveness, self-sufficiency, and stability, and preemptively predicts crises and risk factors in the organization's operation. Four categories(environmental management goals, setting performance topics, energy, waste) in the environmental(E) domain, four categories(labor, diversity and gender equality, industrial safety, community) in the social(S) domain, four categories(whether the board of directors is formed, the rights of members, ethical management) were presented, and seven, ten, and eight specific diagnostic items were presented for each area. Furthermore, it is proposed that the evaluation index constructed in this way can be used as a fair judgment criterion by using the constructed evaluation factors when deliberation of investment and support by companies and public support organizations. If cultural and artistic organizations execute and evaluate ESG management using the index system and diagnosis items studied in the future, they can be equipped with competitiveness and self-sufficiency based on sustainable management in the market. In addition, culture and arts will be able to play a role in leading a sustainable society.