Recently, ESG(Environmental, Social, Governance) has been recognized as an important factor for the sustainable growth of companies. However, only 14.5% of food manufacturing companies have adopted ESG management. In particular, small and medium-sized enterprises(SMEs) face difficulties in implementing ESG management due to a lack of specialized personnel and resource constraints. The purpose of this study is to analyze the impact of ESG ratings on the management performance of 40 food manufacturing companies listed on the Korea Exchange(KRX) that have been evaluated for ESG. The one-way ANOVA was used and performed on data for 40 food manufacturing companies published by the Korea Institute of Corporate Governance and Sustainability(KCGS) in 2023. The results of the analysis showed statistically significant differences in sales (F=12.936, p<0.001) and foreign ownership (F=7.74, p<0.01) based on ESG ratings. Furthermore, Scheffe's post-hoc analysis indicated that the higher the ESG rating and individual scores, the better the overall management performance. Therefore, it is concluded that food manufacturing companies should continuously invest in and focus on ESG management to secure a competitive advantage in the market and achieve sustainable growth.

1. 서 론
2. 이론적 배경
    2.1 국내 기업의 ESG 등급
    2.2 ESG 등급과 경영성과
    2.3 기업의 외국인지분보유율
    2.4 식품산업과 ESG
3. 연구방법
    3.1 연구가설
    3.2 자료수집
    3.3 변수의 조작적 정의
    3.4 분석 방법 및 절차
4. 실증분석
    4.1 기술통계량 분석
    4.2 가설 검증
5. 결 론
    5.1 결론
    5.2 시사점
    5.3 한계점 및 향후 연구 방향
Acknowledgement
References

• Sung-Il Seo(Graduate School of Management of Technology, Pukyong National University) | 서성일 (국립부경대학교 기술경영전문대학원)
• Bong-Jae Jin(Credit Rating Department, BNK Kyongnam Bank) | 진봉재 (BNK경남은행 신용평가부 CD)
• Woon-Seek Lee(Graduate School of Management of Technology, Pukyong National University) | 이운식 (국립부경대학교 기술경영전문대학원) Corresponding author