SKC Publishes Its First Sustainability Management Report

[Asia Economy Reporter Hwang Yoon-joo] SKC has published its first sustainability management report. To transparently disclose its economic, social, and environmental performance as well as activities creating social value and to communicate with stakeholders, SKC released the 2020 Sustainability Management Report and posted it on its website.

The 2020 SKC Sustainability Management Report includes SKC's management philosophy, efforts to create social value and achievements in 2019, financial status, and non-financial performance such as Environmental, Social, and Governance (ESG) factors.

In particular, it contains the three major sustainability management directions that SKC pursues in the mid to long term. SKC conducted media research and stakeholder surveys to identify nine key issues considered important both inside and outside the company. Based on this, SKC selected ▲ Securing future growth engines ▲ Establishing eco-friendly management ▲ Pursuing stakeholder happiness as the three major sustainability management directions. The report is organized around these directions.

As future growth engines, SKC presented ▲ the mobility materials business centered on copper foil boasting world-class technology ▲ the semiconductor materials business including core semiconductor materials such as CMP pads ▲ the eco-friendly materials business focusing on biodegradable materials and SKC Eco Label. Additionally, SKC introduced its efforts and achievements to accelerate business model (BM) innovation by integrating digital transformation (DT) throughout the entire process from research and development to customer response.

Regarding establishing eco-friendly management, SKC joined the global corporate coalition 'Alliance to End Plastic Waste' (AEPW) as the first domestic company and is working to build a plastic circular ecosystem. The report also covers efforts to minimize environmental impact during production processes such as the eco-friendly HPPO method and the promotion of developing new eco-friendly biodegradable materials.

In pursuing stakeholder happiness, the report includes progress on initiatives to increase employee happiness such as happiness talks, happiness surveys, the introduction of a horizontal position system, and the establishment of smart offices. It also highlights efforts to spread stakeholder happiness centered on a new materials technology-based open platform. This open platform utilizes tangible and intangible assets of participating organizations to support the commercialization of promising startups and ventures in the materials sector.

SKC plans to publish the sustainability management report annually to disclose its efforts and achievements.

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