SK Created 32.2 Trillion Won in Social Value Last Year... Doubled Compared to 2018, the First Year of Measurement

*This content was translated by AI.

SK announced on the 19th that its social value (SV·Social Value) creation totaled approximately 32.2 trillion won last year. Social value refers to the value created by a company in the process of solving or mitigating social problems faced by its stakeholders.

Compared to 2018, the first year of social value measurement, the figure has increased by approximately double, with cumulative social value creation reaching about 155 trillion won.

SK measures and manages social value in monetary terms in accordance with its 'Double Bottom Line (DBL)' management philosophy, which pursues both economic value (EV·Economic Value) and social value simultaneously.

SK's social value measurement is conducted in three areas: indirect economic contribution, environmental performance, and social performance.

Last year, indirect economic contribution accounted for the largest share at 31.8 trillion won. This category includes items such as employment, dividends, and tax payments, and increased by 6.2 trillion won from the previous year, driven by improved performance of major affiliates.

Social performance was recorded at 3.4 trillion won, reflecting results from products and services that improve quality of life, improvements in working environments, shared growth, and social contribution activities. Notably, social performance has continued to increase for three consecutive years since 2023, partially offsetting the negative impact of the environmental performance sector.

In contrast, environmental performance recorded a negative value of 3.1 trillion won. The scale of negative impact on the environment expanded slightly compared to the previous year (-2.9 trillion won). This is attributed to increased environmental burdens, such as greenhouse gas emissions, resulting from the rise in production of artificial intelligence (AI) and semiconductor-related products.

SK explained that it is promoting eco-friendly process innovations, including the introduction of high-efficiency facilities and expanded use of renewable energy, to minimize environmental impacts resulting from increased production volumes.

A SK official stated, "We have continuously advanced our social value measurement methodology over the past eight years," adding, "By applying AI technology to our accumulated know-how, we aim to lower the threshold for measurement and contribute to objectively measuring and solving social problems."

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*This content was translated by AI.