SK ecoplant Co., Ltd.
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced greenhouse gas emissions by an estimated 15,508 tons of CO2eq annually through waste-to-energy and green building investments.
- Production of 54,451 tons of recycled aggregates annually (2018-2020 average), reducing environmental damage from natural aggregate production.
Social Achievements
- Launched a financial support program ('Dongbanseongjang loan') providing interest-free loans to SMEs, totaling approximately 195 billion KRW in 2021.
- Various environmental and social contribution activities.
Governance Achievements
- Established a dedicated ESG organization (SV team) to monitor and encourage ESG activities.
- Improved safety management system after past ESG-related incidents.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Potential for ESG issues from numerous collaborating companies in the construction industry.
- Past incident involving dam collapse in Laos (2018).
Mitigation Strategies
- Implemented a 'Fail Safe' system to prevent major accidents and included it in KPIs.
- Strengthened internal safety management system, including a comprehensive reporting system and a steering committee for incident response.
- Recommendation to evaluate and manage the ESG activities of collaborating companies involved in the sustainability bond projects.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Compliance Program for fair trade and collaboration
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: ICMA Green Bond Principles (GBP), ICMA Social Bond Principles (SBP), ICMA Sustainability Bond Guidelines (SBG), Ministry of Environment Green Bond Guidelines, UN Global Compact (UNGC) Sustainable Development Goals (SDGs)
Certifications: ISO 14001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 8 (Decent Work and Economic Growth)
- SDG 11 (Sustainable Cities and Communities)
- SDG 12 (Responsible Consumption and Production)
- SDG 13 (Climate Action)
Projects align with SDGs through waste-to-energy, green building investments, and SME support.
Sustainable Products & Innovation
- Recycled aggregates
Awards & Recognition
- 4 years consecutive top rating in Dongbanseongjang Index
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Investment in waste treatment and recycling companies, non-ferrous metal recycling companies, and offshore wind power generation projects.
- Investment in industrial water supply companies contributing to sustainable water resources and wastewater management.
Social Achievements
- Launched SV (Social Value) team (later reorganized as ESG evaluation team) to monitor and encourage ESG activities and measure the social value of projects.
- Acquired waste treatment company EMC Holdings in 2020 to expand into eco-friendly businesses.
Governance Achievements
- Established a dedicated ESG organization to implement ESG management strategies.
- Improved safety management system after past ESG-related incidents.
Climate Goals & Targets
Environmental Challenges
- Potential for ESG-related issues from collaborating companies in the construction industry.
- Past incident involving the collapse of a subsidiary dam at a hydropower plant in Laos.
Mitigation Strategies
- Recommendation to evaluate and manage the ESG activities of collaborating companies participating in sustainable bond investment projects.
- Implemented preventive measures such as expanding 'Fail Safe' items, reflecting them in KPIs, and expanding quality management measures after the Laos dam collapse incident.
- Improved internal safety management system including a comprehensive reporting system and strengthened incident response capabilities.
Supply Chain Management
Responsible Procurement
- Collaboration with numerous subcontractors; emphasis on fair trade and mutual growth.
Climate-Related Risks & Opportunities
Opportunities
- Investment in renewable energy (offshore wind power) and energy efficiency projects.
Reporting Standards
Frameworks Used: ICMA Green Bond Principles (GBP), Social Bond Principles (SBP), Sustainability Bond Guidelines (SBG), Ministry of Environment Green Bond Guidelines, UN Global Compact (UNGC) Sustainable Development Goals (SDGs)
Certifications: ISO 14001
UN Sustainable Development Goals
- SDG 6
- SDG 7
- SDG 9
- SDG 11
- SDG 12
- SDG 13
Projects align with SDGs related to clean water and sanitation, affordable and clean energy, industry, innovation, and infrastructure, sustainable cities and communities, responsible consumption and production, and climate action.