From stakeholder communication to engagement for the sustainable development goals (Sdgs): A case study of lg electronics
- 주제(키워드) Corporate sustainability management , LG Electronics , Stakeholder communication , Stakeholder engagement , Sustainable Development Goals (SDGs)
- 등재 SCIE, SSCI, SCOPUS
- 발행기관 MDPI AG
- 발행년도 2021
- 총서유형 Journal
- URI http://www.dcollection.net/handler/ewha/000000183387
- 본문언어 영어
- Published As http://dx.doi.org/10.3390/su13158624
초록/요약
While multi-stakeholder engagement is critical to achieving the Sustainable Development Goals (SDGs), there is less understanding in the literature about how the private sector can enhance such engagement at an institutional level. In this study, we examine the case of LG Electronics (LGE), one of South Korea’s most sustainable firms. This case study highlights the key strategies that LGE employed in engaging stakeholders for the SDGs, with a focus on stakeholder scope and engagement over three phases: (1) stakeholder communication; (2) stakeholder involvement; and (3) stakeholder engagement. In addition, this paper emphasizes governance mechanisms that facil-itated more effective stakeholder engagement, including the company’s Corporate Sustainability Management (CSM) strategies, CSR Committee and Sustainability Management Council. These findings also highlight the usefulness of the common language provided by the SDGs in stakeholder engagement and provide practical implications for the private sector in contributing to the shared global agenda. © 2021 by the author. Licensee MDPI, Basel, Switzerland.
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