Introduction

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Name    Michael Porter Prize
Organizer   The institute for Industrial Policy Studies(IPS), Dong-A Ilbo, Channel A
Backer   Ministry of Trade, Industry and Energy, Korean CEO's Association of Multinational Corporations (KCMC)

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What is the Porter Prize for Excellence in CSV?

Since 2014, the Michael Porter Prize has been awarded to companies and institutions that create both economic and social value through sustainable management, while strengthening their competitiveness. Named after the world-renowned business strategist, Professor Michael E. Porter, this prestigious prize has become a key benchmark for recognizing excellence in sustainability and competitiveness.
The award honors organizations that simultaneously generate economic and social value, serving as a leading evaluation standard for sustainable management. By identifying and sharing outstanding practices each year, the Michael Porter Prize helps build a global network of companies and institutions committed to shaping a sustainable future. Going beyond traditional ESG and CSV evaluation, the award recognizes organizations that lead sustainable management based on ethical competitiveness.

The Value of the Michael Porter Prize

In 2024, global companies such as Fiskars Group and Ecolab were honored with the Michael Porter Prize, further expanding its international impact. Jointly evaluated by the Industrial Policy Studies Institute and Professor Michael E. Porter, the prize will introduce a new “Competitiveness” category in 2025. This addition extends the award’s scope beyond CSV and ESG, encompassing ethics, corporate, industry, and national competitiveness in a comprehensive evaluation framework.

The Michael Porter Prize aims to identify and celebrate exemplary practices in CSV and ESG from around the world. It raises awareness of these emerging management paradigms and contributes to strengthening the sustainable competitiveness of companies, institutions, and nations alike.

Michael E. Porter

Professor Michael E. Porter, a master of management strategy, is participating in the final screening for the award-winning company for the Porter Prize in Excellence in CSV. He attended the 1st and 4th CSV Porter Prize and presented directly to the award-winning companies.

Professor Michael Porter is an American scholar of business administration and economics, and currently serves as a professor at Harvard Business School's Bishop William Lawrence University. Michael Porter's work, a top authority on corporate management strategy and national competitiveness, is widely cited in leading government agencies, corporations, non-profits, and academia around the world. He left 18 books and numerous others, including Competitive Strategy, Competitive Advantage, National Competitive Advantage, and About Competition. A six-time winner of the McKinsey Award for the best Harvard Business Review in a year, Porter is currently the most cited influential author in business and economics. (Source: Wikipedia)