SK Gas Strengthens Global Standard Sustainable Management System

[Asia Economy Reporter Hwang Yoon-joo] SK Gas is strengthening its global standard sustainable management system.

SK Gas recently announced on the 31st that it established a 'Corporate Governance Charter' containing a commitment to transparent and responsible management at its board meeting, and set up a 'Sustainable Management Committee' under the board to support this.

This move is to strengthen a global standard management system suitable for business diversification and global business expansion, as SK Gas has entered the gas chemical business in Saudi Arabia and exported operational know-how to the European gas chemical plant business last year through its affiliate SK Advanced.

Since last year, SK Gas has been steadily preparing its sustainable management system by conducting diagnosis and improvement activities on management elements such as Environment, Social, and Governance (ESG) through external professional consulting.

First, through the newly established 'Corporate Governance Charter,' SK Gas promised a transparent and responsible management policy by presenting obligations and operational directions in five areas: shareholders, the board of directors, audit organizations, stakeholders, and market management supervision.

To this end, SK Gas established a 'Sustainable Management Committee' composed of three directors (with more than 50% outside directors) to diagnose the progress of 'ESG,' review sustainable management and social value creation management strategies, CSR business plans, and the publication of sustainable management reports.

Additionally, to support this, SK Gas newly established three committees under the CEO. The 'SV (Social Value) Committee' is an organization that creates social value pursued by SK Group and performs the roles of CSR activities and the Human Rights Management Committee for employees.

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