SK Generates 32.2 Trillion Won in Social Value, 155 Trillion Won Accumulated Over 8 Years

Twice the Amount Recorded in First Measurement in 2018
31.8 Trillion Won in Economic Indirect Contribution
Social Performance Also on the Rise for Three Consecutive Years

SK announced on June 19 that it generated 32.2 trillion won in social value last year. This figure is approximately double the amount recorded in the first measurement in 2018, and the cumulative total over eight years amounts to about 155 trillion won.

Social value refers to the value a company contributes to society through job creation, tax payments, environmental protection, and social contributions. SK practices Double Bottom Line (DBL) management, which simultaneously pursues economic value (EV) and social value (SV), and annually measures and discloses its social value achievements in monetary terms.

SK’s measurement of social value consists of three categories: economic indirect contribution, environmental performance, and social performance. Last year’s results were 31.8 trillion won in economic indirect contribution, minus 3.1 trillion won in environmental performance, and 3.4 trillion won in social performance.

Economic indirect contribution refers to the value contributed to society through employment, dividends, tax payments, and transactions with partner companies. Thanks to improved performance by major affiliates, this figure increased by 6.2 trillion won year-on-year, driving the overall creation of social value.

Environmental performance is an indicator that quantifies the environmental impact of corporate activities in monetary terms. Last year, the expansion of AI and semiconductor industries led to increased production volumes, which in turn raised environmental burdens such as greenhouse gas emissions. As a result, the environmental performance was minus 3.1 trillion won. However, SK explained that it is reducing its environmental impact through eco-friendly process innovations, such as introducing high-efficiency equipment and expanding the use of renewable energy.

Social performance refers to the value that corporate activities contribute to improving the quality of life for members of society, including areas such as safety and health, mutual growth, and social contributions. Last year, this figure reached 3.4 trillion won, marking an increase for the third consecutive year since 2023. Notably, SK generated an additional 100 billion won in value in the fields of safety and health as well as mutual cooperation. The expansion of smart safety systems utilizing AI and digital technologies, along with customized support to strengthen the capabilities of partner companies, were cited as key contributors to these results.

This content was produced with the assistance of AI translation services.