Researchers’ from Chonnam National University Report Details of New Studies and Findings in the Area of Sustainability Research (Sustainability Management through Corporate Social Responsibility Activities in the Life Insurance Industry: …): Sustainability Research

2023 AUG 24 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Data detailed on sustainability research have been presented. According to news originating from Gwangju, South Korea, by NewsRx editors, the research stated, “The current reality is that Korean insurance companies primarily focus on simplistic social contribution activities, such as making donations, rather than attaining sustainable management practices.”

Our news journalists obtained a quote from the research from Chonnam National University: “So based on the case study methodology, this study examines the CSR activities of Kyobo Life Insurance for sustainable management and investigates how corporate values are aligned with the nature of the industry. The research analyzes Kyobo Life Insurance’s CSR initiatives across three dimensions: environmental, social, and economic, with a focus on sustainable management. The analysis identifies three distinct CSR characteristics of Kyobo Life Insurance. Firstly, the company demonstrates more active engagement in social initiatives compared to the environmental and economic aspects. Secondly, while prioritizing sustainable management through collaborative efforts with major stakeholders, the company exhibits a relatively greater emphasis on CSR activities targeting internal stakeholders. Lastly, since 2011, the company has been an industry leader in annually publishing sustainable management reports, showcasing its commitment to stakeholder communication and co-prosperity.”

According to the news reporters, the research concluded: “The study suggests that life insurance companies should enhance their CSR activities to ensure greater sustainability and effectiveness while also providing guidance for companies to adapt to evolving industrial landscapes.”

For more information on this research see: Sustainability Management through Corporate Social Responsibility Activities in the Life Insurance Industry: Lessons from the Success Story of Kyobo Life Insurance in Korea. Sustainability, 2023,15(11632):11632. (Sustainability - http://www.mdpi.com/journal/sustainability). The publisher for Sustainability is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/su151511632.

Our news editors report that additional information may be obtained by contacting Young Back Ahn, College of Business Administration, Chonnam National University, Gwangju 61186, South Korea. Additional authors for this research include Hyun Chae Park.

(Our reports deliver fact-based news of research and discoveries from around the world.)