Research Article
Year 2024,
Volume: 1 Issue: 1, 93 - 113, 30.04.2024
Abstract
ESG, şirketlerin uzun vadede değer yaratmaya, iş stratejilerini devam ettirebilmeye, dünyaya ve topluma karşı sorumluluklarını yerine getirmeye yarayan çevresel, sosyal, yönetişim konularını kapsar. Son yıllarda sadece finansal konulardan ziyade finansal olmayan konular da yatırımcıların yatırım alma kararlarını etkilediğinden ESG önemli hale gelmiştir. Bu kararları etkileyen ESG’nin bir skor olarak ölçülmesi bazı üçüncü taraf kurumlar tarafından yapılır. Günümüzde birçok şirket ESG raporlarını yayınlamaktadır. Havayolları ise her yıl sürdürülebilirlik raporlarını yayınlasalar da ESG raporunu yayınlayan az sayıda havayolu vardır. Bu çalışma ESG tanımı, ESG skoru, ESG skorunun hesaplanması kavramlarından bahsetmiş, daha sonra havayolu endüstrisinde ESG’yi açıklayarak Korean Air'ın 2022 ESG raporunu incelemiştir.
Keywords
References
- Abdi, Y., Li, X., & Turull, X. C. (2022). Exploring the Impact of Sustainability(ESG) Disclosure on Firm Value and Financial Performance in Airline Industry: The Moderating Role of Size and Age. Environment Development and Sustainability.
- Apergis, N., Poufinas, T., & Antonopoulos, A. (2022). ESG Scores and Cost of Debt. Energy Economics.
- Aras, G., & Sarıoğlu, G. U. (2015). Kurumsal Raporlamada Yeni Dönem: Entegre Raporlama. TÜSİAD.
- Armstrong, A. (2020). Ethics and ESG. Business and Finance Journal.
- Bianchi, R. J., Walk, A. N., & Drew, M. E. (2010). On the Responsible Investment Disclosure Practices of the World's Largest Pension Funds. Australia: Accounting Research Journal.
- Brackley, A., Brock, E. K., & Nelson, J. (2022). Taring the Raters Yet Again: Increasing ESG Scrutiny Makes Current Rate the Raters Study Even More Crucial. The SustainAbility Institute by ERM.
- Canikli, S. (2022). Sürdürülebilir Finans Mekanizmaları, Araçları ve Sürdürülebilir Kalkınma İlişkisi. Akdeniz İİBF Dergisi.
- Coşkun, Y. (2022). ESG skorlaması Sürdürülebilir Kalkınma Amaçlarına Ulaşılmasını Sağlar mı? İktisat ve Toplum Sayı 138.
- Erol, I., Ünal, U., & Coşkun, Y. (2022). ESG Investing and The Financial Performance: A Panel Data Analysis of Developed REIT Markets. MAGKS Joint Discussion Paper Series in Economics.
- Flaherty, G. T., & Holmes, A. (2020). Will flight shaming influence the future of air travel? Journal of Travel Medicine.
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- Korean Air. (2022). Who We Are: https://www.koreanair.com/bn/en/footer/about-us/who-weare/overview/introduce-corporation adresinden alındı (2022). Korean Air ESG Report. https://www.koreanair.com/content/dam/koreanair/ko/footer/about-us/sustainablemanagement/report/2022_Korean%20Air%20ESG%20Report_en.pdf.
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- McDougall, M. (2020, 11 12). Investment Trusts for Responsible İnvesting. Investor's Chronicle: https://www.investorschronicle.co.uk/funds-etfs/2020/11/12/investmenttrusts-for-responsible-investing/ adresinden alındı
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- Paraschi, E. P. (2022). Why ESG Reporting is Particularly Important for the Airlines during the Covid-19 Pandemic. Journal of Business and Management Studies . PRI. (tarih yok). What are the Principles for Responsible Investment? https://www.unpri.org/about-us/what-are-the-principles-for-responsible-investment adresinden alındı
- Refinitiv. (2022). Environmental, Social and Governance Scores From Refinitiv.
- Santos, M. d., & Pereira, F. H. (2022). ESG Performance Scoring Method to Support Responsible Investments in Port Operations. Cade Studies on Transport Policy.
- Seo, K., Moon, J., & Lee, S. (2015). Synergy of Corporate Social Responsibility and Service Quality for Airlines: The Moderating Role of Carrier Type. Journal of Air Transport Management.
- Shin, J., Moon, J. J., & Kang, J. (2022). Where does ESG Pay? The Role of National Culture in Moderating the Relationship Between ESG Performance and Financial Performance. International Business Review.
- Su, C. H., & Chen, C.-D. (2020). Does Sustainability İndex Matter to the Hospitality Industry? Tourism Management.
- Sustainalytics. (2022). https://www.sustainalytics.com/esg-ratings adresinden alındı
- Şeker, Y. (2020). Finansal Raporlama Kalitesi ile Çevresel Sosyal ve Kurumsal Yönetim (ESG) Performansı Arasındaki İlişkinin İncelenmesine Yönelik Uluslararası Bir Araştırma. İstanbul Üniversitesi Sosyal Bilimler Enstitüsü.
- Turguttopbaş, N. (2020). Sürdürülebilirlik, Yeşil Finans ve İlk Türk Yeşil Tahvil İhracı. Finansal Araştırmalar ve Çalışmalar Dergisi.
Year 2024,
Volume: 1 Issue: 1, 93 - 113, 30.04.2024
Abstract
ESG encompasses environmental, social, and governance issues that enable companies to create long-term value, sustain their business strategies, and fulfill their responsibilities to the world and society. In recent years, ESG has become significant as non-financial matters, in addition to financial ones, influence investors' decisions. The measurement of ESG as a score is conducted by some third-party institutions. Nowadays, many companies publish ESG reports. However, only a few airlines publish ESG reports despite releasing sustainability reports annually. This study has discussed the concepts of ESG definition, ESG score, and the calculation of ESG score, then proceeded to elucidate ESG in the airline industry by examining Korean Air's 2022 ESG report.
Keywords
References
- Abdi, Y., Li, X., & Turull, X. C. (2022). Exploring the Impact of Sustainability(ESG) Disclosure on Firm Value and Financial Performance in Airline Industry: The Moderating Role of Size and Age. Environment Development and Sustainability.
- Apergis, N., Poufinas, T., & Antonopoulos, A. (2022). ESG Scores and Cost of Debt. Energy Economics.
- Aras, G., & Sarıoğlu, G. U. (2015). Kurumsal Raporlamada Yeni Dönem: Entegre Raporlama. TÜSİAD.
- Armstrong, A. (2020). Ethics and ESG. Business and Finance Journal.
- Bianchi, R. J., Walk, A. N., & Drew, M. E. (2010). On the Responsible Investment Disclosure Practices of the World's Largest Pension Funds. Australia: Accounting Research Journal.
- Brackley, A., Brock, E. K., & Nelson, J. (2022). Taring the Raters Yet Again: Increasing ESG Scrutiny Makes Current Rate the Raters Study Even More Crucial. The SustainAbility Institute by ERM.
- Canikli, S. (2022). Sürdürülebilir Finans Mekanizmaları, Araçları ve Sürdürülebilir Kalkınma İlişkisi. Akdeniz İİBF Dergisi.
- Coşkun, Y. (2022). ESG skorlaması Sürdürülebilir Kalkınma Amaçlarına Ulaşılmasını Sağlar mı? İktisat ve Toplum Sayı 138.
- Erol, I., Ünal, U., & Coşkun, Y. (2022). ESG Investing and The Financial Performance: A Panel Data Analysis of Developed REIT Markets. MAGKS Joint Discussion Paper Series in Economics.
- Flaherty, G. T., & Holmes, A. (2020). Will flight shaming influence the future of air travel? Journal of Travel Medicine.
- Florian, B., Kölbel, J. F., Rigobon, R., & Sloan, M. (2022). Aggregate Confusion: The Divergence of ESG Ratings. University of Zurich.
- Hagmann, C., Semejin, J., & Vallenga, D. B. (2015). Exploring the Green Image of Airlines: Passenger Perceptions and Airline Choice. Journal of Air Transport Management. Kishan, S. (2022). ESG by the Numbers: Sustainable Investing Set Records in 2021.
- https://www.bloomberg.com/news/articles/2022-02-03/esg-by-the-numberssustainable-investing-set-records-in-2021?leadSource=uverify%20wall adresinden alındı
- Korean Air. (2022). Who We Are: https://www.koreanair.com/bn/en/footer/about-us/who-weare/overview/introduce-corporation adresinden alındı (2022). Korean Air ESG Report. https://www.koreanair.com/content/dam/koreanair/ko/footer/about-us/sustainablemanagement/report/2022_Korean%20Air%20ESG%20Report_en.pdf.
- Li, F., & Polychronopoulos, A. (2020). What a Difference an ESG Ratings Provider Makes. Research Affiliates.
- McDougall, M. (2020, 11 12). Investment Trusts for Responsible İnvesting. Investor's Chronicle: https://www.investorschronicle.co.uk/funds-etfs/2020/11/12/investmenttrusts-for-responsible-investing/ adresinden alındı
- Nasdaq. (2019, Mayıs). ESG Reporting Guide 2.0.
- Our World in Data . (2018). Climate Change and Flying: What Share of Global CO2 Emissions Come From Aviation?: https://ourworldindata.org/co2-emissions-fromaviation adresinden alındı
- Paraschi, E. P. (2022). Why ESG Reporting is Particularly Important for the Airlines during the Covid-19 Pandemic. Journal of Business and Management Studies . PRI. (tarih yok). What are the Principles for Responsible Investment? https://www.unpri.org/about-us/what-are-the-principles-for-responsible-investment adresinden alındı
- Refinitiv. (2022). Environmental, Social and Governance Scores From Refinitiv.
- Santos, M. d., & Pereira, F. H. (2022). ESG Performance Scoring Method to Support Responsible Investments in Port Operations. Cade Studies on Transport Policy.
- Seo, K., Moon, J., & Lee, S. (2015). Synergy of Corporate Social Responsibility and Service Quality for Airlines: The Moderating Role of Carrier Type. Journal of Air Transport Management.
- Shin, J., Moon, J. J., & Kang, J. (2022). Where does ESG Pay? The Role of National Culture in Moderating the Relationship Between ESG Performance and Financial Performance. International Business Review.
- Su, C. H., & Chen, C.-D. (2020). Does Sustainability İndex Matter to the Hospitality Industry? Tourism Management.
- Sustainalytics. (2022). https://www.sustainalytics.com/esg-ratings adresinden alındı
- Şeker, Y. (2020). Finansal Raporlama Kalitesi ile Çevresel Sosyal ve Kurumsal Yönetim (ESG) Performansı Arasındaki İlişkinin İncelenmesine Yönelik Uluslararası Bir Araştırma. İstanbul Üniversitesi Sosyal Bilimler Enstitüsü.
- Turguttopbaş, N. (2020). Sürdürülebilirlik, Yeşil Finans ve İlk Türk Yeşil Tahvil İhracı. Finansal Araştırmalar ve Çalışmalar Dergisi.
There are 27 citations in total.
Details
| Primary Language | Turkish |
|---|---|
| Subjects | Air Transportation and Freight Services |
| Journal Section | 1 |
| Authors | |
| Publication Date | April 30, 2024 |
| Published in Issue | Year 2024 Volume: 1 Issue: 1 |
