Climate Change Data

Environmental Metrics

ESG Focus Areas

• Circular Economy
• Plastic Waste Reduction
• Water Recycling
• EV Battery Recycling
• Climate Change

Environmental Achievements

• SK Geo Centric (SKGC) became one of the first petrochemical companies to receive a AAA certification according to the UN Guidelines for Reducing Plastic Waste & Sustainable Ocean and Climate Action Acceleration.
• SK Nexilis achieved Zero Waste to Landfill (ZWTL) Gold Certification, recycling 95-99% of scrap metals and plastic waste.
• SK Hynix increased water savings by 300% compared to 2019 and reuses nearly 80,000 tons of water per day.
• SK Siltron developed technology to recycle over 95% of slurry generated in semiconductor wafer production.
• SK Innovation's lithium hydroxide recovery process emits 74% less greenhouse gases compared to lithium mining and 41% less than lithium lake production.

Social Achievements

• SK invested $11 billion in the US by November 2021 and committed to investing $30 billion and creating over 12,000 jobs.
• SK Chemicals became the first company to mass-produce chemically recycled copolyester.
• SK Telecom reduced plastic waste annually by 300,000 tons by recycling plastics and scrap metals in old antennas.
• SK Innovation and Ford's joint venture (BlueOvalSK) will create over 11,000 jobs.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Increasing plastic waste
• Freshwater scarcity
• Critical supply chain disruptions
• Landfill overcapacity

Mitigation Strategies

• Investing in next-generation recycling solutions
• Developing and commercializing pyrolysis, depolymerization, and solvent extraction technologies for plastic recycling
• Investing in partnerships to advance circular business models and scalable plastics recycling technologies
• Developing and implementing technologies to reduce waste disposed in landfills
• Investing in water recycling and reuse projects

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: UN Guidelines for Reducing Plastic Waste & Sustainable Ocean and Climate Action Acceleration

Certifications: AAA (UN Guidelines), Zero Waste to Landfill (ZWTL) Gold Certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 6 (Clean Water and Sanitation)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

SK's initiatives in recycling, water management, and clean energy contribute to these goals.

Sustainable Products & Innovation

• Ecolabel TM (fully recyclable shrink label)
• Corn-based polylactic acid (PLA) film
• Chemically recycled copolyester (Ecotria TM)

Awards & Recognition

• AAA certification (UN Guidelines)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• First Korean company to join the RE100 initiative
• Pledged dedication to achieving 'Net Zero' by 2050-α
• Commitment to reducing 210 million tons of greenhouse gases
• Expansion of investments in low-carbon green sectors (EV batteries and hydrogen)
• Development of innovative carbon reduction technologies
• World’s largest liquid hydrogen plant in Incheon (operational in 1H 2024)

Social Achievements

• Adoption of Double Bottom Line (DBL) management to measure social value
• Collaboration with communities through localization strategies
• Commitment to creating social value alongside economic growth
• USD 11.3 billion total social value generated by 2023
• Respectful, open communication about management practices

Governance Achievements

• Establishment of a Corporate Governance Charter
• Independent, specialized, and diverse board of directors
• Board-centered management
• Achieved highest possible MSCI ESG rating, AAA

Climate Goals & Targets

Environmental Challenges

• Climate change
• Global competition in various sectors

Mitigation Strategies

• 'Carbon to Green' initiative to achieve net-zero emissions
• Investments in decarbonization technology and eco-friendly energy solutions
• Strategic investments in next-generation technologies and materials
• Focus on enhancing global competitiveness through investment projects

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and services
• Expansion into low-carbon green sectors

Sustainable Products & Innovation

• EV batteries
• Hydrogen
• Renewable energy solutions
• Eco-friendly materials
• Chemical recycling materials