SK Gas Publishes Its First Sustainability Management Report

[Asia Economy Reporter Park Soyeon] SK Gas has published its first Sustainability Management Report.

SK Gas announced on the 19th that it published the Sustainability Management Report to communicate more actively and effectively with the increasingly diverse domestic and international stakeholders during the successful advancement of its overseas gas chemical business expansion and business diversification.

This report includes not only financial status but also SK Group's social value strategies and achievements, as well as SK Gas's environmental, social, and governance (ESG) non-financial performance and mid- to long-term plans, which can be viewed on the SK Gas website.

To this end, SK Gas has been conducting diagnostics and improvement activities on management elements through external professional consulting since last year. Additionally, a 'materiality assessment survey on management activities' was conducted targeting stakeholders, and the Sustainability Management Report presents the current status and plans for the top five selected topics from the survey: ▲ Innovation and growth of the LPG business ▲ Strengthening of the business portfolio ▲ Industrial safety and health ▲ Ethical management ▲ Response to climate change and environmental management.

Among the top five topics, the anti-corruption management certification obtained this year to improve 'ethical management' is considered a notable achievement in the management environment where overseas business is increasing. This is expected to serve as an opportunity to demonstrate that SK Gas has a trustworthy management system to various stakeholders as it expands its global business.

In addition, the report includes the current status and plans for major management activities such as ▲ Innovation and growth of the LPG business through transformation into future-oriented smart charging stations ▲ Strengthening the business portfolio through vertical integration of the gas chemical business and the Ulsan GPS combined power plant ▲ Enhancing industrial safety and health and environmental management by establishing the SHE (Safety, Health, Environment) management system and pursuing environmental management system certification.

Furthermore, SK Gas disclosed its 2025 targets for key sustainability management indicators, presenting a concrete and practical direction for sustainable management operations and pledging transparent and accountable management policies. To this end, it established a Sustainability Management Committee under the board of directors in March, and under the CEO, it set up the 'SV Committee,' 'Integrated Risk Management Committee,' and 'Company-wide SHE Committee' to strengthen execution capabilities.

An SK Gas official stated, "We have reflected the direction of moving from an eco-friendly LPG leading company to a global comprehensive energy company in the Sustainability Management Report," adding, "The Sustainability Management Report will play an important role in conveying SK Gas's commitment to practicing sustainable management to grow by creating both economic and social value."

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