SK Gas Creates Social Value of 209.5 Billion KRW Last Year, Up 40% from Previous Year
[Asia Economy Reporter Park So-yeon] SK Gas has expanded the creation of 'Social Value (SV)' through strengthening its eco-friendly business.
SK Gas announced on the 17th that the SV generated last year amounted to a total of 209.5 billion KRW, an increase of about 40% compared to the previous year. In particular, efforts to reduce air pollution emissions, such as the key initiatives 'Expansion of LPG Vehicle Fuel Supply' and 'Conversion of Industrial Bunker C Oil to LPG,' resulted in the creation of 10.4 billion KRW in SV last year, an increase of about 29% compared to the previous year.
LPG emits significantly fewer air pollutants (Sox, NOx, PM) compared to other fuels, making its effect on air quality improvement very substantial. Additionally, small and medium-sized industrial companies participating in fuel conversion receive recognition for the reduced greenhouse gas emissions as greenhouse gas offset credits, which are then recycled as funding for facility investments.
SK Gas also expanded safety inspections for partner companies to prevent accidents, complied with employment standards for people with disabilities, and increased reemployment of the elderly, creating 9.8 billion KRW in SV in the social sector, about 20% more than the previous year.
Along with these efforts, SK Gas successfully pursued business diversification, recording an operating profit of 189.6 billion KRW last year, an approximately 84% growth compared to the previous year. Through this, SK Gas paid 98.4 billion KRW in taxes last year, an amount that increased by 92% compared to the previous year.
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An SK Gas official stated, "With the abolition of restrictions on LPG vehicle users, the number of registered LPG vehicles has turned to an upward trend this year, and the conversion of industrial companies to LPG is also becoming full-scale, so this year, along with SV creation through air pollution emission reduction, EV is expected to increase as well." He added, "We plan to further strengthen safety and employment to establish DBL management where SV and EV grow together."
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