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Sustainability (19)

ESG Evaluation ESG Evaluation 2025 AAA 2025 Integration (A) Environment: B+ Society: A+ Governance: A+ 2023 B
Policies and Guidelines Policies and Guidelines SK Innovation establishes ESG policies that are the foundation for the sustainable growth of the company and faithfully implements them. Report Download SHE (Safety, Health, and Environment) Policy Principles for consistent implementation of global-level SHE (Safety, Health, and Environment) management Supply Chain ESG Management Policy Principles for building a sustainable supply chain ecosystem and strengthening mutual cooperation for shared growth Supplier Code of Conduct Guidelines to help suppliers conduct business activities considering the environment, safety, and human rights Procurement Code of Ethics Ethical principles for fostering mutual respect and a fair trading environment between employees and suppliersprocess General Principles of Purchasing Principles to ensure transparency and fairness in the procurement process Human Rights Policy Principles to protect human rights and prevent violations across all business activities Code of Ethics Guidelines for ethical decision-making and behavior that employees shall follow Code of Ethics Guidelines Guidelines for ethical decision-making and behavior that employees shall follow Anti-Corruption Compliance Policy Principles for compliance management, including 'Offering/Acceptance of Money, Goods, Etc. Policies/Procedures', 'Counterparty Anti-Corruption Risk Assessment Procedures', and 'Donation/Contribution Procedures’ Compliance Management Policy Establishing action standards for compliance management to ensure adherence to laws and internalization of legal awareness among employees Antitrust Guidebook Guidelines providing an overview of the U.S. antitrust laws and identifying actions that may violate the laws or pose significant risks of antitrust legal exposure Personal Information Protection Regulations Principles and protective measures for safeguarding the rights of data subjects and handling personal information Security Management Regulations Regulations on administrative, technical, and physical protective measures to ensure business continuity Tax Strategy Transparent standards and procedures for tax payment and risk management
Human Rights Management Report Human Rights Management Report SK Innovation commits to human rights management and transparently discloses our activities and performances to our stakeholders. 2022 Human Rights Management Report 2021 Human Rights Management Report
Sustainability Report Sustainability Report SK Innovation transparently discloses our sustainability activities and performances to our stakeholders. 2024 Integrated Report 2023 Sustainability Report 2022 ESG Report Net Zero Special Report 2021 ESG Report ESG Performance Report Net Zero Special Report 2020 ESG Report ESG Performance Report 2019 Sustainability Report ESG Performance Report 2018 Sustainability Report 2017 Sustainability Report 2016 Sustainability Report 2015 Sustainability Report 2014 Sustainability Report 2013 Sustainability Report 2012 Sustainability Report 2011 Sustainability Report 2010 Sustainability Report 2009 Sustainability Report 2008 Sustainability Report 2007 Sustainability Report 2006 Sustainability Report 2005 Sustainability Report 2003 Sustainability Report
Information Risk Management Information Security Enhancement SK Innovation affiliates have established an information security management system to ensure business continuity and fulfill corporate compliance obligations for information protection. We have obtained international certifications such as ISO/IEC 27001 (Information Security Management) and ISO/IEC 27701 (Privacy Information Management), verifying the effectiveness of our operations. Information Security Management System Based on this system, we safeguard both information systems and customer personal data. 01 PLAN Information security strategy collection considering ESG management 02 DO Operation of the information security management system and security level management 03 CHECK Supplementing and improving information security strategies 04 ACT Verification of the effectiveness of security strategies through monitoring and audits
Corruption Risk Management Reduction of Corruption Risks to Zero SK Innovation operates an anti-corruption compliance program based on a PDCA (Plan-Do-Check-Act) cycle to establish and implement a global-standard anti corruption compliance management system, striving to eliminate corrupt practices by preventing internal and external corruption risks. Anti-Corruption Compliance Program Management System 01 PLAN Identification and definition of potential risks & development of anti-corruption risk mitigation programs 02 DO Ongoing provision of anti-corruption compliance consultation Operation of pre-review and reporting processes related to anti-corruption activities Continuous operation of reporting channels and whistleblower protection programs CEO compliance commitment message & employee compliance pledge Anti-corruption compliance training provided to all employees 03 CHECK Monitoring of violations related to anti-corruption regulations Inspection of the implementation status of the anti-corruption compliance program Undergo audit for certification of the international Anti-Bribery Management System (ISO 37001) Anti-corruption risk assessment for overseas sites 04 ACT Incorporation of findings into the following year’s anti-corruption compliance program and continuous improvement Go to Policies & Guidelines Whistleblower protection programs Ethics Counselling and Non-Compliance Report Go to SK Ethical Management Counseling and Whistleblowing Webpage [https://ethics.sk.co.kr](https://ethics.sk.co.kr) E-mail skinnovation.ethics@sk.com Tel 080-020-6262 Fax 080-020-6272 Mail: Audit Office (person in charge of Ethics Management), SK Innovation Co., Ltd., SK Building, 26 Jong-ro, Jongno-gu, Seoul, the Republic of Korea
Committee within the Board of Directors Board Committees SK Innovation’s board has the Audit and Corporate Compliance Committee, HR Evaluation and Remuneration Committee, and strategy·ESG Committee. All committees are chaired by Independent Directors, review board agendas in advance and be reported important management issues to reinforce expertise in considering the board agendas. Committee Charters Audit and Corporate Compliance CommitteeHR Evaluation and Remuneration CommitteeStrategy · ESG Committee Committee Activities Audit and Corporate Compliance Committee HR Evaluation and Remuneration Committee Strategy·ESG Committee Independent Director candidate recommendation procedures HR Evaluation and Remuneration Committee secures the candidate pool to recruit talent with the expertise needed in the decision-making of the board and establishes a system for recommending Independent Director candidates that is fair and transparent, leading the whole process of director appointment. Independent Director Nomination Process ESG management system of the board The Strategy·ESG Committee leads SK Innovation's overall management decision-making by carrying out management, guidance, and supervision of SK Innovation's functional enhancement and execution performance in each ‘E’ ‘S’ and ‘G’ area. It also necessarily conducts the pre-review of the board’s agendas from the perspective of ESG and leads active communication with external stakeholders based on their actual influence, such as attending ESG-related lectures, discussion sessions, and meetings with major investors. Review of strategic direction for ESG, and execution, management, and supervision of key challenges Final inspection of performance against the goals, and derivation of possible improvements Publication of reports to increase ESG information disclosure Invitations for ESG-related key stakeholders, and carrying out discussion sessions Attending external ESG forums and events and communicating with stakeholders Conducting pre-reviews of all boards' agendas from the perspective of ESG Operating the periodical ESG performance management report process (report twice a year) Inviting major stakeholders to have discussion sessions and expanding communication ESG Checklist CEO KPI for ESG management performance
Board Activities Board of Directors SK Innovation's board of directors holds regular board meetings monthly, and materials are provided and reported in advance so that the board of directors can sufficiently review the agenda. In addition, when urgent issues arise, we hold a board meeting quickly as possible and make prompt decision to lead professional and transparent management activities. Regulation Activities Date Ageda Content Approval Attendance of Independent Directors (Total Attending Directors) Resolution items Reporting items Communication with Stakeholders Date of Training Events Content 2025.06.11 Female Independent Directors-SKI Female Executives Meeting (2nd) Discussion on Female Leadership and the Importance of Developing Female Talent 2025.04.16 Female Independent Directors-SKI Female Executives Meeting (1st) Discussion on Female Leadership and the Importance of Developing Female Talent 2024.06.11 SUPEX Talent Development Committee Lecture Lecture at the 2024 Group ELP (Executive Leadership Program) New Selection Training 2024.04.19 mySUNI Panel Discussion Participation as a panelist in the Global Marketing session 2024.04.11 SK Group New Independent Directors Workshop Update on the implementation of the SK Innovation Governance Story 2023.11.28 ACGA Meeting SK Innovation’s Governance innovation story and net zero status 2023.11.15 Women Corporate Directors Board-centered governance Innovation 2023.11.02-03 '23 Year Performance of SK Innovation Subsidiary Financial Story' and '24 Year Plan Session Share '23 Year Performance Look-back' and '24 Year Plan by Subsidiary 2023.10.31 SK Directors' Summit 2023 SK Group's Governance Innovation Strategy and Stakeholder-centered Management Expansion Plan 2023.09.05 Interview on the Governance Structure of the Korea ESG Standards Institute Current Status of SK Innovation Governance and Strategy for Improvement 2023.08.21-22 Icheon Forum 2023 Measures to respond to changes in business environment such as AI acceleration and to enhance corporate sustainability 2023.07.26 2023 Governance Sub-Forum for Advancement of Governance Story Sharing the current status of SK Innovation Governance Story and conducting Q&A sessions for members 2023.07.11 SK Inno News Interview Differences and Future Plans of SK Innovation's Board of Directors 2023.07.03 Council of Independent Directors of Group Companies SK Innovation's board of directors' evaluation plan 2023.04.19, 2023.04.26, 2023.05.03 GBS in-house broadcasting Operation of SK Innovation Governance Story and Board of Directors 2023.04.07 New Independent Directors of Group Workshop SK Innovation Governance Stroy Practice Status 2023.03.30 SK Innovation's 16th Annual Meeting of Shareholders Future Strategy of SK Innovation and Direction of Shareholder Return 2023.02.07 Interview with SK Innovation Management in 2023 Board role to implement SK Innovation Financial Stories 2022.10.06 CA100+ Conference Explanation and Q&A on Major ESG activities of SKI for CA100+ Members 2022.03.24 The Bell Business strategy Forum SK Innovation's ESG Management and Governance innovation Story 2022.02.16 BlackRock Conference call Discussion of SK's Financial Story and Governance Story 2021.09.29 Asia ESG Symposium Presented the story of SK Innovation's governance innovation at the symposium hosted by the Asian Daily under the theme of 'Sustainable Korean Governance: SK Innovation Governance Story'. 2021.08.04 ACGA (Asia Corporate Governance Associate) Conference Held Q&A sessions and declared commitment to innovating the governance structure of the Board of Directors and the company to investors in the AsiaPacific region including BlackRock and Pension Asset Management2) in the Netherlands. 2021.07.01 SK Innovation Story Day Set the directions for corporate strategy based on advanced governance and declare commitment to managing the implementation of strategies. Board evaluation method Overall board evaluation Self-evaluation Assessment of the activities of the Board of Directors for the composition, roles, responsibilities and operation of the Board Quantitative performance Objective evaluation of the Board's contribution to corporate values and board-centered governance Affiliated committee evaluation Evaluation of the composition and roles of committees Board member evaluation Absolute evaluation of the main capacities an executive director should possess Providing references Providing quantitative activity indicators for each board member - Attendance rate, number of agenda items proposed, attendance of director training, and amount of communication with stakeholders. Director peer evaluation Conducting peer evaluations of their leadership, understanding, and fidelity. Confirming the evaluation and providing feedback Concluding and confirming the peer evaluation results and providing individual feedback. Board Evaluation
Governance Overview Governance Overview SK Innovation appoints directors with background in relevant industries based on the principle of independence, professionality and diversity. We will continue to pursue sustainable values for companies and the society based on BOD-driven management. Article of IncorporationCorporate Governance CharterCompany governance reportBylaws of the Board of DirectorsCharter for the Audit and Corporate Compliance Governance CommitteeCharter for the HR Evaluation and Remuneration CommitteeCharter for the Strategy · ESG CommitteeCode of Conduct of Independent DirectorsComparison with Governance Practices CodeIndependence of Director GuidelineBoard Diversity Guideline Establishing BOD-centered management system Securing diversity and autonomy for a dynamic board to meet the needs of diversified stakeholders We are enhancing the expertise and diversity of the board to meet the needs of diversified stakeholders. We intend to achieve board-centered management that strengthens the autonomy of the board of directors, including the chairman of the BOD and the chairman of each committee as Independent Directors. Reinforcing the executive power of the board for ESG management We are operating an ESG Committee under the board to lead/help/check the execution of company’s ESG policies and projects and are extending our Future Strategy Committee to plan the direction of future growth and manage performance. Board-driven CEO evaluation and compensation The HR Evaluation and Remuneration Committee participates in decision making regarding CEO evaluation, compensation, and succession and plays a role in discovering competent and certified CEOs that can contribute to increasing company value. Upgrading the board evaluation and communication with stakeholders We upgrade the board evaluation and compensation system every year upon the reinforced role of Independent Directors, and try to keep the trust of stakeholders by communicating with them, including shareholders, and expanding the channels. Advancing the BOD-centered global compliance response system Extending the actual function of the Audit and Corporate Compliance Committee The Audit and Corporate Compliance Committee is pre-and post-managing the total risk as the company’s compliance and business risk control tower. The Internal Audit Office is directly under the audit committee so that the board can directly manage and supervise the auditing function. Establishing a global compliance system We established the compliance management system in accordance with global standards to establish and inspect the evaluation and program systems regarding various issues such as fair trade, anti-corruption, and industry security. Reinforcing the autonomy of the board Operating the Independent Directors Council SK Innovation is operating the Independent Directors Council consisting of Independent Directors only, and this Council suggests Independent Directors’ initiative agendas, puts together their opinions on board’s agendas, discusses the operational method of the board, and shares main management issues. Operation of the Independent Directors’ Council
BOD Board of Directors SK Innovation appoints board members based on the principles of autonomy, expertise, and diversity and organizes the board in a way that board members’ professional fields and capacities are in harmony. PARK, JIN-HEI Independent Director, Chairman of the Board of DirectorsTerm Mar 2025 - Mar 2028 (appointed in Mar 2022) Career Highlights Current) Chairman of Board of Directors, Samsung Fire Insurance Former) President, Citibank Korea Former) Head of Corporate Finance Group & Senior President, Citibank Korea Former) Operation Manager, Samsung Securities M.A. in Economics, London School of Economics and Political Science Committee Membership Audit and Corporate Compliance Committee, HR Evaluation and Remuneration Committee KIM, JOO-YOUN Independent DirectorTerm Mar 2023 - Mar 2026 (appointed in Mar 2023) Career Highlights Former) P&G Japan/Korea Vice Chairman, Global Chief Marketing Officer, P&G Grooming Former) President of P&G Gillette Asia Former) CEO of P&G Korea Former) P&G Asia-Pacific India/Marketing Director M.A. in Biology, Yonsei University Committee Membership HR Evaluation and Remuneration Committee, Strategy·ESG Committee BAIK, BOK-HYEON Independent DirectorTerm Mar 2024 – Mar 2027 (appointed in Mar 2024) Career Highlights Current) Professor, Seoul National University Former) Associate Professor, Seoul National University Former) Assistant Professor, Florida State University PhD, Business Administration,, University of California at Berkeley, Haas School of Business Committee Membership Audit and Corporate Compliance Committee, Strategy·ESG Committee LEE, BOK-HEE Independent DirectorTerm Mar 2023 - Mar 2026 (appointed in Mar 2023) Career Highlights Current) CEO, Pfeifer Vacuum KOREA Former) CEO, DuPont Korea Former) Global Director of Dow Chemical Display Division Former) Director of R&D Center and Development Engineering, Dow Chemical Korea M.A. in Chemistry, Korea Advanced Institute of Science and Technology (KAIST) Committee Membership HR Evaluation and Remuneration Committee, Strategy·ESG Committee LEE, JI-EUN Independent DirectorTerm Mar 2024 – Mar 2027 (appointed in Mar 2024) Career Highlights Former) CEO, Microsoft Korea Inc Former) Enterprise Commercial Lead, Microsoft Korea Inc. Former) Digital Group Lead, Accenture Former) Communications & HighTech Operating Group Lead, Accenture Korea PhD, Business Administration, Hongik University Committee Membership Audit and Corporate Compliance Committee, Strategy·ESG Committee GONG, SUNG-DO Independent DirectorTerm Mar 2025 - Mar 2028 (appointed in Mar 2025) Career Highlights Current) Representative Director, Tullis Russel Coaters Korea Former) Representative Director, Orion Engineered Carbon Former) President, GE Energy Korea Former) President of Wind Energy Business Division, Hyosung Former) Head, BP Korea Former) Foreign Legal Consultant, Kim & Chang Master of Laws (LLM), Georgetown University, Juris Doctor, Pepperdine University School of Law Committee Membership Audit and Corporate Compliance Committee, Strategy·ESG Committee CHOO, HYEONG-WOOK Executive DirectorTerm Nov 2024 – Mar 2027 (appointed in Nov 2024) Career Highlights Current) CEO, SK Innovation Current) President, SK Innovation E&S Current) Member of Committee on Hydrogen Economy Former) President & CEO, SK E&S Former) Head of Investment Center 1, SK Inc. Former) Chairman of the 7th Independent Power Producer Association MBA, Sungkyunkwan University Committee Membership Strategy·ESG Committee KANG, DONG-SOO Non-Executive DirectorTerm Mar 2025 – Mar 2028 (appointed in Mar 2025) Career Highlights Current) Head, Portfolio Management Division, SK Inc. Former) Head, Strategy & Finance Division, SK Innovation Former) Head of Solution and Platform Division, SK Energy Platform & Marketing CIC Former) Head, Social Value Promotion Division, SK SUPEX Council Former) Head, Business Strategy Planning Department, SK Energy MBA in University of British Columbia Committee Membership HR Evaluation and Remuneration Committee, Strategy·ESG Committee Board Composition in 2025 Unit: % SKI Board Skill Matrix Unit: person