In 2020, Larry Fink, CEO of Blackrock, the world's largest asset management company, declared as mentioned above in an annual letter to investors and corporate CEOs. Considering the risks of climate change as long-term investment risks, it emphasizes the importance of sustainability as an investment determinant. With Larry Fink's comments as a signal, As the social demand for sustainability increases, ESG's management strategy become emerged as a global concern.
ESG is the initial letter of 'Environmental', 'Social' and 'Government', first used in a 2004 UN report. ESG recently become a new investment criterion, not simple management method. Utilizing ESG as investment criterion element means that not only corporate financial performance but non-financial performance such as 'environmental protection' 'social responsibility' and 'corporate governance' takes on an important role of investment decisions.
Coexistence Community ESG Collaboration Club will provide business services to help create social-environmental value in the ESG era of the new global economic order. Also, Coexistence Community ESG Collaboration Club will build a collaborative system that draws a common vision through a network of citizens, corporation, ESG committee chairmen, and experts.
Helen Keller said 'what you can do alone is small. when we are together, we can do big things' The ESG Collaboration Club will be a place like a lighthouse of the night sea, sharing in-depth information, communicating with each other.